Maybank IB Research retains buy on BIMB


Maybank Investment Bank Research is maintaining a buy call on BIMB Holdings.

KUALA LUMPUR: Maybank Investment Bank Research is maintaining a buy call on BIMB Holdings and it sees positives from its restructuring exercise which is moving towards completion.

In its research note on Monday, it estimated a combined sum-of-parts value of RM4.75 (RM5 previously on updating parameters) post-restructuring, from one Bank Islam share and 0.24 Syarikat Takaful Malaysia Keluarga Bhd (STMB) shares for every one BIMB share held.

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