true or not , its every body guessing?
Interest in Syarikat Takaful Malaysia has emerged recently following talks of a possible privatization.
Financial Daily today reported of a possibility of the company to be taken private by its parent Bank Islam
Malaysia as part of the group strategy to restructure its asset management and Islamic insurance
business, with possible acquisition price of between 2.0 and 2.5 times book value. As at 31 Mar, net asset
per share of Takaful Malaysia was RM1.95 while it net tangible asset was RM1.87 per share. The
Malaysia’s first Islamic insurance company made RM15.1m net profit on the back of RM761.0m revenue in
the 9 months ended 31 Mar 08, translating into EPS of 9.5 sen; in FY June 07, it made 13.8 sen EPS.
Since 30 Apr this year, the counter has appreciated by 32.9% to RM1.82, hitting a high of RM2.00 on 11
and 12 June. Its 3-m average daily volume is 0.147m shares only but high volume was registered over the
last 9 trading days with average daily volume of 0.814m shares during that period. Technically, immediate
support is at RM1.77 followed by RM1.60. Resistance on the weekly chart is at RM1.86, and if decisively
broken, the technical target is at RM2.40
komen : if we all are in the knows no need to know TA ,FA and all those guessing tools just bought before the annoucement there you are millionare alredi
