Bank Islam undervalued but set to improve


PETALING JAYA: Bank Islam Malaysia Bhd is seen to be undervalued by the market, but analysts believe the Islamic bank’s valuation will improve post-restructuring of its parent, BIMB Holdings Bhd.

UOB Kay Hian Malaysia Research described Bank Islam’s implied valuation as “at steep discount”, despite its higher-than-industry return on equity (ROE) and loans growth

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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