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Author: GreenTrade   |   Latest post: Tue, 13 Aug 2019, 7:24 PM

 

Public Bank - An Amazing Opportunity

Author:   |    Publish date:


13/08/2019
PBB Current Price : RM 20.74



I used to work at Public Bank.

It feels quite sad to watch its stock price fall recently.

I was waiting for the day that it could overtake Maybank in terms of Market Cap.


First, here's why Pbb share price might be dropping recently.

1) Perceived exposure to Hong Kong. With the current protests and havoc ongoing in Hong Kong, stocks with exposure in that country are being fearfully sold off. However, Pbb's revenue from Hong Kong only accounts for 4.9% of the group's total revenue.



2) There is speculation for another BNM interest rate cut soon. This will negatively affect bank's profit margins.



3) Its recent quarterly report earnings is not interesting. It is not growing much. When earnings are not interesting, its share price will...?









However, Public Bank has huge reputation and credentials.

1)  It is known to be very conservative and has the lowest Non Performing loan record in the country.



2) Its loans are of strong asset quality due to the Group’s prudent credit culture and stringent underwriting standards.


Normally, blue chips with good reputation and fundamentals would not free fall all the way down. 

There should be some rebounds in between.

Therefore, the immediate support and rebound level could be found based on the chart below.

(Do take note that the support is only valid for 5 days)







Why RM19.66?


Public Bankers should know the huge significance of this number.

If you are interested to learn more, kindly click HERE








Disclaimer: Trade at your own risk. The author will not be held liable for any losses or decisions made.

Share this

  Patrick13 likes this.
 
GreenTrade Thanks for reading :)
13/08/2019 7:27 PM
GreenTrade If Dow jones closes up strongly,

An immediate gap up is expected.
14/08/2019 12:00 AM
Goh Kim Hock This is the best managed bank in Bolehland.
14/08/2019 12:12 AM
john doe In (very) short term, yes as there should be a technical rebound. In mid term, no. In long term, yes (mean buy afterward and not buy now wait long long). haha...
14/08/2019 7:38 AM
speakup still expensive lah.
wait till rm10 then buy
14/08/2019 9:12 AM
speakup buy KNM now cos it is cheap, value for money
14/08/2019 9:12 AM
RainT HK riots is not the reason PBBANK share price drop la

reason is Bank negara cut interest rate and will cut 1 more time in this year

besides, PBBANK growth have become peak and slow already
14/08/2019 5:46 PM
DickyMe2 Post removed. Why?
15/08/2019 12:13 AM
SincereANALyst GreenTrade If Dow jones closes up strongly,

An immediate gap up is expected.
--------------------
lol if if if if if if if if
15/08/2019 9:47 AM
GreenTrade @kelvin

Just like algorithms :)
15/08/2019 5:51 PM
DingDongHai still early...let it drop further lar
15/08/2019 10:28 PM


 

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