Stock Price Target

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Last Price Avg Target Price   Upside/Downside Price Call
20.90 22.06     +1.16 (5.55%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
27/10/2017 20.48 22.50 +2.02 (9.86%) BUY UOBKayHian Price Target News
27/10/2017 20.48 23.30 +2.82 (13.77%) BUY MIDF Price Target News
27/10/2017 20.48 21.45 +0.97 (4.74%) HOLD KENANGA Price Target News
27/10/2017 20.48 20.20 -0.28 (1.37%) HOLD HLG Price Target News
27/10/2017 20.48 22.20 +1.72 (8.40%) BUY AMMB Price Target News
27/10/2017 20.48 24.00 +3.52 (17.19%) BUY Affin Hwang Capital Price Target News
03/08/2017 20.70 22.90 +2.20 (10.63%) BUY MACQUARIE GROUP Price Target News
26/07/2017 20.46 23.30 +2.84 (13.88%) BUY MIDF Price Target News
26/07/2017 20.46 21.15 +0.69 (3.37%) HOLD KENANGA Price Target News
26/07/2017 20.46 20.80 +0.34 (1.66%) HOLD HLG Price Target News

Price Target Research Article/News (past 6 months)
27/10/2017  UOBKayHian Public Bank: 3Q17: Solid Results
27/10/2017  MIDF Public Bank - Continue To Generate Stable Income
27/10/2017  KENANGA Public Bank Berhad - As Expected but Easing Ahead
27/10/2017  HLG Public Bank - 9M17: Results Within Expectations
27/10/2017  AMMB Public Bank - Moderation In Loan Growth But Overall Still Stable
27/10/2017  Affin Hwang Capital Public Bank (BUY, Maintain) - Another Favourable Quarter
03/08/2017  MACQUARIE GROUP MQ Research - Malaysian Banking Sector Report
26/07/2017  MIDF Public Bank - Further Earnings Traction In 2nd Quarter
26/07/2017  KENANGA Public - As Expected but Moderating Ahead
26/07/2017  HLG Public Bank - Tough Outlook in 2H17

  3 people like this.
stockranger jut switched some holding to Petronm for exciting news on extraordinary performance soon.

Should refer to : https://klse.i3investor.com/blogs/david_petronm/129620.jsp
10/08/2017 10:28
goldentriangle All asian stock markets big plunged !
Hang Seng=> 27,276.47 (-480.62)(-1.73%)
Shanghai=> 3,240.69 (-34.88)(-1.06)
Taiwan=> 10,324.48 (-145.90)(-1.38%)
Korea => 2,342.00 (-26.39)(-1.11%)
10/08/2017 11:56
goldentriangle Nasdaq Collapsed (Tech stocks bubble burst?)
Nasdaq closed at 6,216.87 (-135.46) (-2.13%)
Dow Jones also Tumbling Down (Economy Crisis Come?)
Dow Jones closed at 21,844.01 (-204.69) (-0.93%)
11/08/2017 05:16
goldentriangle OMG, Hong Kong Hang Seng further Collapsed,
As at 1.55pm Hang Seng at 26,921.72 (-522.28)
11/08/2017 13:57
masterus KUALA LUMPUR, Aug 15 — The ringgit is expected to return to its ‘fair value’ in the second half of this year, much earlier than initially expected in the first half of 2018, according to Standard Chartered’s (StanChart) latest Global Research report released today.
The report showed that the ringgit remained highly attractive from a valuation standpoint.
“This is particularly relevant in an environment where investors, in their search for yield, are settling for assets with stretched foreign exchange (FX) valuations elsewhere in emerging markets,” it said.
StanChart justified that it had a short- and medium-term “overweight” FX weightings on the Malaysian currency.
It recently estimated the ringgit to trade at 4.20 against the US dollar in the third quarter this year and 4.10 at end-2018.
15/08/2017 17:24
masterus August 16, 2017 4:13 am JST
Volatility spikes as Hong Kong dollar continues to slide
Jittery traders keep eyes peeled for hint of market intervention

© Reuters
HONG KONG -- The Hong Kong dollar's fall to the lowest level since the global financial crisis last week has raised anxiety among currency traders who now see a higher likelihood of market intervention. A nervous market has in turn made the currency more vulnerable to wild swings.

Under a currency board system, the Hong Kong dollar is pegged to the greenback at a range of HK$7.75-7.85. The exchange rate hovered at close to the HK$7.75 ceiling at the start of 2017, but it has declined gradually to fall to near HK$7.8275 on Aug. 9. That price is within arm's reach of the HK$7.8294 low recorded on Jan. 20, 2016.

While within the accepted range of the pegged system, the Hong Kong dollar's weakness is surprising, given that Hong Kong equities have excelled this year even among high-performing Asian peers, and housing prices are on the rise as well. Normally one might well expect investor cash to pour in, buoying the currency.
16/08/2017 15:28
masterus Select Language​▼
Credit Suisse sees ringgit improve to 4.10 over next few months
Sulhi Azman
The Edge Financial Daily

August 17, 2017 09:51 am MYT

This article first appeared in The Edge Financial Daily, on August 17, 2017.
KUALA LUMPUR: Credit Suisse expects the ringgit to trade at 4.10 against the US dollar “over the next few months”, with the country’s upcoming stronger-than-expected economic growth to provide support for the local currency.

“Combined with [the] recently high oil prices and improving August trade seasonality, this helps to keep us constructive on the ringgit, targeting 4.10 versus the US dollar over the next few months,” Credit Suisse’s two fixed income analysts Ray Farris and Trang Thuy Le said in its regional Asia foreign exchange (forex) strategy report yesterday.

Credit Suisse’s forecast of the ringgit was in line with the most recent estimate by Standard Chartered plc (StanChart).

Yesterday, StanChart forex strategist Divya Devesh forecast the ringgit to rebound to a fair value of 4.10 against the US dollar by the year end, adding that he remains “overweight” on the local currency.

The ringgit has rebounded by 4.4% from 4.4938 recorded on Jan 4, 2017.

As for the country’s economic growth — measured by gross domestic product (GDP) — Credit Suisse forecasts the Malaysian economy to grow by 6% in the second quarter of this year (2Q17). This is well above the consensus estimate of 5.4%, and 5.6% that the country managed to chalk in 1Q17.
17/08/2017 10:04
leslieroycarter I had been Holding PBB for a number of years , bought RM 20 per share , yearly div not enough to compensate the returns like normal FD from banks . There are idiots always boasting they bought the stock at RM 5. Do u know RM 5 was in year when? Should be more 25 -30 years ago . Do u know how much Nestle then ? Also around RM 5 , Do u know how much Nestle now? Do not compare an apple to an orange coz it means nothing .
21/08/2017 18:17
masterus News » Business » International Business News » Malaysia's c.bank reserves rise to $100.4 bln as of Aug 15
Malaysia's c.bank reserves rise to $100.4 bln as of Aug 15

Reuters | Aug 22, 2017, 12:34 PM IST

KUALA LUMPUR, Aug 22 (Reuters) - Malaysia's gross international reserves rose to $100.4 billion as of Aug. 15, from $99.4 billion on July 31, the central bank said on Tuesday. Bank Negara Malaysia (BNM) said reserves were sufficient to finance 7.9 months of retained imports and were 1.1 times the short-term external debt. The central bank released the following international reserves data, expressed in billions of dollars: Aug 15 July 31 July 14 June 30 Total gross 100.4 99.4 99.1 98.9 international reserves Foreign currency 93.9 93.0 92.4 92.5 reserves IMF reserves position 0.8 0.8 0.8 0.8 SDRs 1.2 1.1 1.1 1.1 Gold 1.5 1.5 1.5 1.5 Other reserve assets 3.0 3.0 3.3 3.0 ($1 = 4.2800 ringgit) (Reporting by Emily Chow; Editing by Amrutha Gayathri)
22/08/2017 20:25
leslieroycarter A deplorable 270 ringgit for 20k+ investment still analyst claimed is the best?
23/08/2017 15:15
stockranger Switching my portfolio to Petronm....................could get better return

Aug 1, 2017 10:50 AM | Report Abuse

Petronm is poised to surge much stronger later with the cup handle formation and limited sellers.

But what I like most are :
1. Strong and consistent FCF
2. Debt running down fast
3. Business growing with good marketing strategy
4. Proven quality management (vs HY's yet to be tested)
5. Dividend payout (HY not paying)
6. Earnings consistently being strengthened
7. Backed by established industry leader in Philippines
8. Forward P/E of at least 10x
24/08/2017 11:12
masterus The U.S. dollar weakened on Wednesday as investors reduced exposure in higher-yielding assets after U.S. President Trump’s threat of a government shutdown and comments about the possible termination of a North American trade agreement.
In a speech In Phoenix, Arizona, late Tuesday, Trump warned he might terminate the NAFTA trade treaty with Mexico and Canada after a three-day conference failed to settle deep differences. He also stated that he may shut down the government if he does not get funding for a wall on the U.S. –Mexico border.

Trading conditions were thin as investors awaited speeches from Fed Chair Janet Yellen and European Central Bank President Mario Draghi on Friday in Jackson Hole, Wyoming. Therefore, the market may have over-reacted to Trump’s comments. No one can be certain whether Trump was trying to publicly negotiate changes to the current treaty, or if he was actually serious about ending NAFTA completely.
Investors didn’t waste time trying to determine whether Trump’s comments were a negotiation ploy or a real threat. They moved money into the Japanese Yen for protection. This move weighed on the U.S. Dollar.
The EUR/USD also rose after the release of strong German and French PMI survey readings.
Essentially, the dollar remained under pressure because the buying was too thin to mount an intraday counter-trend move.
U.S. Economic News
Disappointing U.S. economic data also pressured the U.S. Dollar. Flash Manufacturing PMI came in below expectations at 52.5. Analysts were looking for a reading of 53.4. Flash Services PMI data, however, exceeded expectations. New Home Sales were ugly, coming in at 571K, well below the 611K forecast.
In other news, Dallas Federal Reserve President Robert Kaplan said on Wednesday that high levels of debt in the United States represent an impediment to future growth.
During a Q&A session at the Permian Basis Petroleum Association Membership luncheon in Midland, Texas, the FOMC member also said he wants to be patient and wait for more data before raising argument for removing some monetary accommodation from the economy.
24/08/2017 16:07
goldentriangle North Korea launches missile over Japan

16/09/2017 07:16
Activeinvestor Switching my holdings to Petronm
Extract of Analyst Report from RHB

Petron Malaysia

Fuel Happy

We initiate coverage on Petron with a BUY recommendation. Our TP of MYR16.20 (60% upside) is based on a 12.5x FY18 P/E. The company owns over 580 service stations nationwide, distributing gasoline, diesel and LPG products. Petron also owns an 88,000bpd refinery in Port Dickson, Malaysia with a Nelson Complexity Index of 3. We believe the refinery would provide the company with a competitive advantage, thereby enabling it to take advantage of refined product spreads.

Third largest retail station operator in Malaysia. Petron Malaysia (Petron), a major fuel retail distributor in Malaysia, has the third largest market share in the country behind Shell and Petronas Dagangan (PETD MK, NR). It owns over 580 service stations nationwide, distributing gasoline, diesel and LPG products.

Besides retail marketing, the company also owns an 88,000bpd refinery located in Port Dickson, Malaysia with a Nelson Complexity Index of 3. The refinery is capable of producing gasoline, diesel, liquefied petroleum gas (LPG), kerosene and low sulphur waxy residue (LWSR). The refinery has an average utilisation rate of c.50% due to the unfavourable economics of LSWR which, in turn is due to its low complexity rate. The company is 73.4%-owned by Petron Corp, the largest oil refining and marketing company in the Philippines.

The refinery could provide alpha. Its retail fuel segment plays a volume game, ie the more retail stations imply a higher volume. As such, we expect its retail volume to grow by c.4% each year, driven by the opening of new stations. Our base case scenario assumes Petron would open 15 new stations every year. Its commercial fuel segment earnings are driven by spreads for naphtha, kerosene and LSWR. We expect spreads for naphtha and kerosene to range between USD2-7/bbl for the long term. As such, we believe the commercial fuel would provide the company with a higher earnings growth potential, compared to that of its peers.

Healthy balance sheet. As of 1H17, it is a net cash company; we expect Petron to end FY17F in a net cash position. Total borrowings are at MYR66.4m, while its cash position is at MYR156m. This is comparable to the situation at the end-FY16, when it was in a net debt position of MYR136m. Net cash from operations and free cash flow has been on an increasing trend, attributed to better cost management as well as the asset performance mechanism (APM), which transmits changes in oil prices to retail fuel prices.

BUY. We initiate coverage on Petron with a BUY recommendation, supported by a TP of MYR16.20. We arrive at our TP by pegging a 12.5x P/E to FY18F EPS of MYR1.30. As a comparison, Petronas Dagangan is trading at 24.6x P/E for FY18, at a 70% premium to Petron. We like Petron as we believe its retail fuel segment would provide a stable base of earnings due to the APM mechanism, while its commercial fuel segment would provide an earnings boost, an advantage the company holds over its peers due to its refinery.
03/10/2017 09:38
leslieroycarter EPF buying n selling all the times , just to play a few cts ....
04/10/2017 16:44
shernlee hei guys..not spamming..we jus wan to invite those long term investor join this group to get more info..

08/10/2017 12:42
Jonathan Keung PBB always low profile. nothing happenning maybe spike up just before result or dividends. PBB meant for institution not contra plays
12/10/2017 16:43
Jonathan Keung Finace stocks under presurre . look at CIMB dragging down other related counters
25/10/2017 11:18
masterus The argument for re-denomination

A contemporary model for Vietnam is Belarus. In 2016 the Belarusian ruble was re-denominated by taking four zeros off the currency. Before re-denomination, US$1 was about 20,000 rubles, making it comparable to the current dong. What was 10,000 BYR is now 1 BYN, so 1 USD is about 2 BYR.

The new currency is modeled on the euro, with coins similar in style to the euro also introduced. The smaller denominations are easier to remember, and spending low denominations feels more sensible as a consumer.

Removing four zeros would turn a 10,000 dong note into a 1 dong note, and US$1 would equal about around 2 dong. To give an idea of the change, notes currently in circulation would convert as follows:

500 = 0.05
1,000 = 0.10
2,000 = 0.20
5,000 = 0.50
10,000 = 1
20,000 = 2
50,000 = 5
100,000 = 10
200,000 = 20
500,000 = 50

The new dong would pave the way for a reintroduction of coins (not counting the rare coins currently in circulation). If Vietnam plans to go cashless by 2020, then maybe coins will be redundant. But at least the option would be there.

A re-denomination would have positive effects such as becoming a currency that is taken seriously. Large projects would be quoted in dong instead of US dollars, as Thailand quotes in baht for its big projects. And eventually you might be able to exchange your leftover dong at exchange booths around the world, which most places won’t deal with.

If Vietnam is to maintain its economic success, and aspire to being ASEAN’s “Silicon Valley”, it is time to consider re-denominating the dong.
25/10/2017 14:01
sheldon Public bank results was v good yet the price movement did not match
30/10/2017 09:13
Jonathan Keung PBB Board need to declare bonus to stimulate the shares
31/10/2017 11:18
masterus Brent now at $60.90/barrel.
01/11/2017 07:07
bursaman Switching all my Maybank and PublicBank into Petronm, hehe
01/11/2017 11:23
LeeFoundation Ooi Teik Bee According to the chart I checked.

Bought Petdag on 1/1/2007 at 3.43.
Price on 30/12/2013 at 28.54.
You must make a lot of money.

Bought Petdag on 1/1/2014 at 28.54.
Price on 10/11/2017 at 21.60.
You must lose a lot of money.

If you believe very strongly on Petdag, Petdag is on strong down trending now, please buy more at 21.60 now.

I need to correct my earlier statement, the price of Hengyuan will overtake the price of Petdag in 2019, definitely not 5 years.

Thank you.
12/11/2017 15:58

Pls note Petronm will fly together with HY too
12/11/2017 22:13
banyakaya good fundametal
13/11/2017 13:18
loaded http://www.klsescreener.com/v2/news/view/308551
20/11/2017 09:24
masterus Select Language​▼
Rate hike to come on the back of a stronger ringgit
Supriya Surendran & Chester Tay
The Edge Financial Daily

November 20, 2017 10:38 am +08

This article first appeared in The Edge Financial Daily, on November 20, 2017.

KUALA LUMPUR: The expectation of an interest rate hike next year is likely to be on the back of a stronger ringgit, with some economists predicting it could breach 4.000 to the US dollar in the next 12 months.

The local currency has strengthened 7.4% year to date against the US dollar — the second best-performing currency in Southeast Asia after the baht which gained 8.4% in the same period according to Bloomberg data. The ringgit closed at a fresh one-year high of 4.1610 to the greenback last Friday.

Barclays plc senior regional economist Rahul Bajoria is one of the few economists who predict the ringgit could hit the 4.000 to 3.950 mark, premised on stronger economic growth, international reserves and current account balances.

“We think the ringgit remains attractive and should continue to appreciate in the next 12 months. We like the currency based on [the country’s] strong economic growth, improving reserves and current account balances,” he told The Edge Financial Daily via email.

Deutsche Bank head of Asia macro strategy Sameer Goel pointed out that Malaysia’s balance of payments is sensitive to interest rate differentials, and it would be important to see the basis between global rates and those in Malaysia.

“We expect the same to narrow, as the US Federal Reserve is likely to hike rates in December and another three times in 2018. That said, the ringgit is cheap on the average of our valuation models, and so any likely fallout on the currency should be limited,” he explained.
20/11/2017 13:20
leslieroycarter EPF is buying more with the slump.....
01/12/2017 15:45
masterus Will ringgit break 4.00 against USD and 3.00 against SGD?
04/12/2017 14:13
masterus Psiptek and London biscuit cheap to buy.
06/12/2017 09:26
masterus Astro AwaniToggle navigation

Eksport Malaysia dijangka berkembang 17.9 peratus pada Oktober - RAM
Diterbitkan pada Disember 06, 2017 08:31 MYT

Eksport Malaysia dijangka berkembang 17.9 peratus pada Oktober - RAM
Pertumbuhan import dijangka meningkat 20.2 peratus memandangkan hubung kaitnya yang kukuh sebagai faktor input utama bagi barangan dieksport dalam keadaan hubungan baik Malaysia dengan rantaian nilai global. - Gambar hiasan
KUALA LUMPUR: Eksport Malaysia dijangka mengekalkan momentum pertumbuhan dua digit berbanding tahun pada Oktober 2017, peningkatan pada kadar pantas 17.9 peratus, menurut RAM Ratings Services Bhd.

Dalam kenyataan hari ini, agensi penarafan itu berkata, sebahagian besarnya berasaskan jangkaan pemulihan pertumbuhan eksport ke Singapura dan Jepun, serta peningkatan kesan asas yang rendah pada Oktober tahun lepas.

Eksport bahan api mineral dijangka menyokong pertumbuhan eksport keseluruhan bagi beberapa bulan akan datang, menurutnya.

"Ini didorong oleh harga minyak mentah Brent yang kukuh secara ketara sejak September, yang sewajarnya mendorong harga eksport purata lebih tinggi, dan, seterusnya, pertumbuhan nominal eksport bahan api mineral," menurut agensi penarafan itu.

Mengenai pertumbuhan import, ia dijangka meningkat 20.2 peratus berbanding tahun pada Oktober, memandangkan hubung kaitnya yang kukuh sebagai faktor input utama bagi barangan dieksport dalam keadaan hubungan baik Malaysia dengan rantaian nilai global, menurut RAM Ratings.
06/12/2017 15:04
masterus KUALA LUMPUR: AMMB Holdings Bhd (AmBank Group) believes the normalisation rate for the country’s key Overnight Policy Rate (OPR) is around 3.50 per cent.

This suggests that there could be two interest rate hikes between next year and 2019, according to AmBank Group chief executive officer Datuk Sulaiman Mohd Tahir. Sulaiman said the first hike could possibly be introduced by Bank Negara Malaysia in the first quarter of 2018 and second either in the second half of next year or first half of 2019.
06/12/2017 15:14
Heng Leong Chan Time to invest again in PBB slowly....
08/12/2017 10:14
leslieroycarter Pbb will be the sacrificed lamb when election is around the corner . The stock will be selling down by big institutions to raise funds needed in election . The nos of insiders holding substantial stakes are selling aggressively prove a thing or two that the slump in market n stock were the consequences of impending election . The stock can only get its true value after election . So we can foresee dull months until election comes.
08/12/2017 15:39
Jonathan Keung GLIC will book their profit from PBB sale. GLIC accumulate shares in the past ( now must make bottomline P&L) looks good at year end
13/12/2017 15:57
mancingbursa Surely will beat 23-24
13/12/2017 22:50
Mohd Fahmi Bin Jaes window dressing tp 24
14/12/2017 10:22
Wakong141242 why sudden up? .... oldman died arr?
14/12/2017 14:53
rahsia_pelabur Post removed. Why?
20/12/2017 15:05
boy2ts pass by. ok. long term investment .
21/12/2017 10:22
Taking A Break Chn Come on ...come on ... price target 22.00++
28/12/2017 13:05
Jonathan Keung PBB too little retail plays { look at HY } broad based push
29/12/2017 07:13
leslieroycarter "Lousy bank....coz v poor returns
02/01/2018 13:54
leslieroycarter EPF buying n selling every trading day , acquiring more than selling , it will be a matter of time PBB will change hands , in good hands or the reverse ? We must be very extra careful....
03/01/2018 12:31
Orange88 Orange88 My track record I accumulated 38-46 sen between Apr-July 2017 out 58-61 sen between Sept-Oct 2017. I sold out because of sixth sense that Patrick Grove not serious to prop out this counter but instead wanted to cash out. AGrom Oct onwArds I warning people to get the hell out. Check the past blogs.
06/01/2018 17:13
Orange88 Unlike some black heart bloggers who like to taunt people when she thinks they are losing money and never share their "analysis" or intuition.
06/01/2018 17:14
Orange88 Black hearted bloggers should read the Law Of Abundance by Carnegie / Hill,
06/01/2018 17:14
Orange88 Go into Sime, Hengyuan, MBSB blogs and you will find me promoting CWs after christmas. 2 weeks later they are 100-400% higher.
06/01/2018 17:16
Orange88 Law Of Abundance by Hill and Carnegie = Scream buy when stock will go up and scream the hell out when you know the stock has turned into MH 17
06/01/2018 17:17
Orange88 Some UEMS, GAMUDA, BJ Corp CWs have not significantly moved yet. Do consider MBSB, FGV and MRCB CWs in case there is a pullback in the market. Pullback will be short but deep for CWs..
06/01/2018 17:19
06/01/2018 17:26
ffforever Teh will reward PBBANK holder like what he did for LPI don't worry just hold
11/01/2018 10:51
boy2ts i din see any one are worry on it. our portion and comment does not affect in this share price.
12/01/2018 11:06
GICSpore Switching to Petronm to ride on the wave for this good FCF company
18/01/2018 14:40
kenny_G EPF disposing Public Bank........wat a ride...
19/01/2018 09:10
masterus BUDGET Published January 20, 2018
Government braces for shutdown as Senate fails to meet deadline for spending deal
Adam Shaw By Adam Shaw, Alex Pappas, Matt Richardson | Fox News
20/01/2018 14:22

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