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Overview
Financial Highlight
HeadlinesBusiness Background Public Bank Bhd is a Malaysian banking group that provides a range of financial products and services, including personal banking, commercial banking, Islamic banking, investment banking, share broking, trustee services, nominee services, sale and management of unit trust funds, bancassurance, and general insurance products. In additional to its mostly Malaysian operational presence, the bank is exposed to other Southeast Asian nations through some of its branches. Its strategy emphasizes organic growth in the retail banking business, particularly retail consumers and small and medium-size enterprises. The vast majority of its earning assets are in loans, advances, and financing.
  Jeffreyteck Can start thinking and imposing higher fees and charges? Already in close to oligopoly industry supported by the regulator. 14/08/2019 5:14 PM RedEagle Critically, as Jim Grant noted recently, the spread between the 10-year and three-month yields is an important indicator, James Bianco, president and eponym of Bianco Research LLC notes today. On six occasions over the past 50 years when the three-month yield exceeded that of the 10-year, economic recession invariably followed, commencing an average of 311 days after the initial signal. Finally, Joseph Carson, former Director of Global Economic Research, Alliance Bernstein, notes that recessions are far from being alike and their symptoms and causes differ over time. Despite its many shapes and sizes the historical regularity that an inverted Treasury yield curve has coincided with recession has raised concern now that yields on longer-dated Treasuries have fallen been below shorter-term yields for several months running. The power of the term spread to predict or anticipate economic recessions needs to be respected, but there are several new domestic and global factors that are present today, suggesting that the signaling effect from changes in the Treasury yield curve directly to the economy's future performance might not be as robust as it was past periods. First, this is the first economic cycle that involved a bond-buying program by the Federal Reserve. The quantitative bond-buying program produced a technical anchoring effect at the long-end of the bond market that was not present in prior cycles. While this program did not cause a yield curve inversion by itself it did result in a flatter yield curve than what otherwise would have been the case, and as a result, it would not take much force from other factors to trigger an inversion in the term spread of yields. Second, given the increased globalization of the financial markets the appeal and demand of long-dated US Treasury securities is often based on the yields available in other major economies. Long bond yields in a number of major economies (such Germany, Japan and France) are negative and many others (including the UK, Spain and Australia) are below 1% and that has led to an increase in global demand for long-dated US Treasury securities since yields in the US are in some cases 100 to 200 basis points over the yields of comparable maturities in other economies. That increased global demand for US securities is a new technical factor and unrelated to the performance of the US economy. Third, this is the first time the inversion of the Treasury curve occurred with nominal yields at the short and long end that were well below the growth in nominal income and GDP (or the economy's yield curve). Why is that important? There is a direct negative consequence to the economy's performance when the cost of borrowing exceeds the growth in nominal income. At that point, the cost of new borrowing starts to become too costly, leading to a slowdown or a decline in credit use, and a weaker economy. Although it is often overlooked, all of the Treasury yield curve inversions that have preceded recessions have coincided with an inversion in the economy's yield curve, or when short and long-term nominal rates were above the growth in nominal income and GDP. The fact that the Treasury yield curve has inverted at relatively low nominal yields, suggests that the interest rate channel is not producing the restrictive influences on the economy as it did during prior inversions and instead is actually providing a cushion (or stimulus) to the economy. Policymakers should take note of this unusual occurrence and not rush to ease policy further, saving its interest rate powder for another time. If the Treasury curve inversion is not producing a restrictive influence on the economy as it did in the past can the US still experience a recession? Yes, but it would come from different channels. The biggest recession risk today centers around the trade dispute between the US and China. Trade disputes have the potential to be very disruptive and contractionary and can operate through a number of channels, such as trade volumes and production, currencies and prices and asset markets. Of all of these channels, the biggest vulnerability for the US is the equity channel since the market value of equities relative to income and GDP is at record highs, providing consumers with vast sums of liquidity and wealth. If the imposition of new tariffs and the uncertainty over what may follow triggers a de-risking and rush to exit, sparking a sustained 25% to 30% correction in the equity market that by itself could trigger a recession as it would deal a substantial blow to consumer liquidity and wealth, and an abrupt and sharp decline in spending and confidence. That is not a forecast or a prediction but merely an observation that all recessions have been caused by some form of a demand shock, and the inverted yield curve merely highlighted the vulnerability of the economy to a potential bad outcome. 15/08/2019 12:36 AM Mohd Fahmi Bin Jaes Dow Jones 25,479.42 -800.49 3.05% Nasdaq 7,773.94 -242.42 3.02% 15/08/2019 6:38 AM anzo888 just when you tot pbb will go below 20, mr market proves otherwise. pbb still holding well above 20 though djia was down 800 pts a very clear signal pbb has seen its bottom? unless wall street keeps plunging, i got a feeling 20.36 will be history 15/08/2019 3:41 PM jenngu Dividend RM 0.33 , https://klse.i3investor.com/servlets/stk/annent/1295.jsp 15/08/2019 6:36 PM patient_invest PBB bank has very poor dividend yield, people are buying for capital gain? 15/08/2019 8:23 PM AlfI3 Div yeild was good formerly but not so attractive nowadays. Nvrtheless, it Still better than Maybank 15/08/2019 11:14 PM masterus Worried Hong Kong Residents Are Moving Money Out as Protests Escalate The local currency has weakened rapidly since early July, a move analysts attribute partly to outflow. Money is leaking out of Hong Kong as months of protests raise concerns about the city’s future. The local currency has weakened rapidly since early July, a move analysts attribute partly to outflows. Some businesses say they are seeing money move abroad, and several individuals who spoke to The Wall Street Journal said they have either swapped money into other currencies or are considering doing so. 19/08/2019 8:45 AM masterus Sarah Fairhurst, a 52-year-old partner at the Lantau Group, an economic consulting firm, said she transferred 200,000 Hong Kong dollars (about $25,500) into British pounds last week because of concerns about the protests. 19/08/2019 8:46 AM masterus Hong Kong’s citizens have begun waving American flags and singing the U.S. National Anthem amid ongoing protests against China’s control. Videos on social media show Hong Kong citizens holding American flags and singing the anthem through bullhorns in what appears to be a show of solidarity and demonstration for their freedom. https://americanmilitarynews.com/2019/08/video-hong-kong-protesters-sing-us-anthem-with-us-flags-against-chinese-tyranny-during-airport-occupation/ 19/08/2019 3:27 PM BetorInvest EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 991,400 shares on 20-Aug-2019. What is epf doing? 23/08/2019 11:03 PM PotentialGhost that why we like PH gov , because make a lot of stock become super cheap and new low. Heh heh 28/08/2019 9:27 AM Jeffreyteck Getting confused nowadays with banking services and the consumers rights. (1) Not allowed to go vto counters for most of the general transactions or impose charges for each transactions. (2) discriminate the poor from the rich as higher deposit rate normally offers for above certain amount of deposit, regulator well aware of rising income discrepancy but allowed this to happened. (3). forgot pin number of cards $12 will be imposed by certain bank as it wants you to replace a new card instead of reset your pin number,. (4) cheque deposit machine failure and go to deposit cheque at counter will be charged $2. (5) must have a savings account for FD withdrawal as money will be credited to your savings first then you withdraw from ATM ........ Assuming a poor people with $500 in FD receiving interest less than 3% but have to pay $12 for opening a savings account with ATM card..... Basically earned nothing from his or her FD. If account becomes dormant, $12 will be charged annually. After merger under the so call financial sector master plan, limited market players can just do most of the things they want with minimum supervision and checking, all cost bears by consumers. Less people share the entire banking industry profit causing rising income discrepancy. Few years back highlighted in news that banks will be rated, till now, no new is good news, but is good for banks instead of consumers. 01/09/2019 9:07 AM  calvintaneng Looks like young mbsb bank has overtaken Goliath Public Bank See https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/222737.jsp 01/09/2019 3:43 PM masterus Hong Kong’s government has not ruled out calling a state of emergency across the territory, its deputy leader signalled on Monday, as China’s state news agency warned that “the end is coming” for the increasingly violent protesters it said were trying to disrupt the city. The announcements came as tens of thousands of high school and university students boycotted class on Monday and riot police patrolled subway stations following a weekend of some of the most intense clashes yet between protesters and security forces in Hong Kong’s nearly three-month-old political crisis. The government could invoke the territory’s Emergency Regulations Ordinance, a colonial-era law that gives the government sweeping powers and would allow easier arrests, detentions, deportations and internet censorship. 03/09/2019 1:06 PM PotentialGhost Kekeke ,see you guy still want vote pH gov or not , kekeke Nia ma worst than najib gov . Bursa Malaysia drop every day , kekekek , Kasi lu mati!! 03/09/2019 5:28 PM RainT the biggest ever mistake that Americans have made was to elect Donald Duck as US president 06/09/2019 4:37 PM  Vin Cullen Dont forget..Dowjone hit the highest in the history .. :D If last time Ah Jib push index to 2000 .. We also will vote him..hahaha 13/09/2019 1:24 PM YouBuyIBuy Mahai all the bank finding suggest target RM24+- ,then now drop to rm20, all those reviews cheat 1? 14/09/2019 12:56 PM pbenterprisesucks Spend RM400mil and yet their PB Enterprise system really sucks. Sure share price drop. 16/09/2019 8:42 PM masterus Speculators will fail spectacularly in HK attacks Several days after George Soros wrote an op-ed piece in the Wall Street Journal saying his interest in defeating China "goes beyond US national interests," some Chinese media outlets reported the billionaire financier attempted to short sell Hong Kong stocks recently when the market was hit hard by the city's ongoing riots. Soros' reported short-selling operation has not been confirmed. However, we hope he won't be so foolish as to repeat the mistakes he made two decades ago. If Soros didn't learn anything from his defeat amid the 1997-98 Asian financial crisis and tries the same thing again, he will soon find that he is not up against the collective investors of Hong Kong but rather the world's second-largest economy. The Chinese central government will help local authorities in the Hong Kong Special Administrative Region (HKSAR) to fight malicious short selling if it becomes a major cause of stock market turmoil. 18/09/2019 10:24 AM masterus The Chinese central government is highly able to mobilize resources and coordinate action to fight external attacks. A prosperous economy of the Chinese mainland is a powerful backing for the Hong Kong stock market. Soros can't take on the world's second-largest economy. Remember the Asian financial crisis? The HKSAR survived as a global financial hub because of the support of the central government when speculators, particularly Soros, sold the markets short. History may repeat itself if Soros attacks Hong Kong's markets again. We hope Hong Kong's internal forces are able to restore order and safeguard market stability. However, if the city is exposed to economic turmoil, the central government has the ability to deal with malicious speculators, and they'll lose all they've got. 18/09/2019 10:25 AM masterus Today, the Chinese economy is stronger than it was two decades ago. The central government is in a better position and has greater strength to fight against malicious short selling. We advise speculators, including Soros, not to engage in direct financial conflict with the world's second-largest economy. They will fail miserably. 18/09/2019 10:25 AM tkl88 What a superb Good News ! US Fed cuts key interest rate by quarter-percentage point ! MARKET SNAPSHOT: U.S. Stocks Fall After Fed Cuts Rates A Quarter-point, But Casts Doubt On Future Stimulus https://www.morningstar.com/news/dow-jones/201909187545/market-snapshot-us-stocks-fall-after-fed-cuts-rates-a-quarter-point-but-casts-doubt-on-future-stimulus Like that all the funds and capitals will flood into Asian Countries included Malaysia already ! Huat ah ! Heng ah ! Ong ah ! 19/09/2019 9:39 AM Vin Cullen They cut the opr ~ Which mean they will use their money to pump U.S Market .. took out from Bank ^^ 19/09/2019 12:35 PM YouBuyIBuy Malaysia November may cut interest again, is that good news for bank ? And is this good news for stock market & KLCI index? 19/09/2019 9:20 PM  |
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