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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.
  apolloang keep also not buy at this price,keep is buy at low level not at high.look at ocbc in the 70's 03/04/2018 22:12 jenngu How to attend PBB AGM as shareholder, just go to the venue to register on the said day or there is a form to be filled & submit prior to it? 04/04/2018 22:45 masterus HKMA steps in as Hong Kong dollar hits weak end of trading band By Donny Kwok and Twinnie Siu HONG KONG, April 13 (Reuters) - Hong Kong's de facto central bank stepped into the currency market again in U.S. trading hours, buying HK$2.442 billion ($311 million) in Hong Kong dollars from the foreign exchange market as the local currency hit the weaker end of its trading range. On Thursday, the Hong Kong Monetary Authority (HKMA) said it bought HK$816 million from the currency market. This was the first time since the trading band was introduced in 2005 that the weak-side convertibility undertaking (CU) at 7.85 to keep the Hong Kong dollar closely pegged to the U.S. currency had been triggered. The HKMA said the undertaking was triggered in London trading hours. "I reiterate that the HKMA will buy Hong Kong dollars (HKD) and sell US dollars at 7.85 level to ensure that the HKD exchange rate will not weaken beyond 7.8500," Norman Chan, chief executive of HKMA, said in a statement. "Such operations are normal and in accordance with the design of the Linked Exchange Rate System." The Hong Kong dollar touched the lower end of the central bank's trading band target as the interest rate gap between the greenback and the local currency widened. As the former British colony pegs its currency to the dollar, its money market rates should mirror those of its U.S. counterpart, but the gap has now widened to more than 117 basis points since the U.S. Federal Reserve started raising interest rates from the ultra-low levels adopted in the 2008 financial crisis. Hong Kong's markets have remained flush with excess cash, keeping a lid on Hong Kong dollar interest rates. Most market participants do not see the current bout of weakness as a threat to the currency peg even though high liquidity stemming from Chinese and overseas investment into Hong Kong's domestic markets is anchoring short-term interest rates and putting downward pressure on the currency. The latest intervention, bringing the total amount of local currency bought to HK$3.258 billion, will reduce the aggregate balance - the sum of balances on clearing accounts maintained by banks with the HKMA - to HK$176.52 billion on April 16, according to Reuters data. The Hong Kong dollar is pegged at 7.8 to the U.S. dollar, but can trade between the high and low limits of 7.75 and 7.85. Under the currency peg, the HKMA is obliged to intervene when the Hong Kong dollar hits 7.75 or 7.85 to keep the band intact. 13/04/2018 10:38 vivoviva inside very messy as there is some conflict on who will be the chairman. Even their upcoming QR will not be so good because one of the corporate customer defaulted. so pandai pandai la. can buy back in at RM18-RM20. just be patience. 26/04/2018 15:55 Orange88 I AM NOT TELLING YOU TO SELL YOUR STOCKS TOMORROW ALTHOUGH SOFTNESS IN BURSA AND GLOBAL MARKET IS OBVIOUS AS WEN ENTER MAY 2018 ONLY THAT A FRIENDLY REMINDER FROM ORANGE THE LEGEND, BEST FRIEND YOU WILL EVER HAVE - YEAR OF OX 2021 IS COMING 9 1985, 1997, 2009. ONLY THAT I PREDICT 2021 WILL BE THE START OF A NEW SUPERBULL AFTER A MAJOR DOWNDRAFT BEGINNING 2018 STRATEGY ? KEEP YOUR CASH SAFE, (KEEP Y0UR POWDER DRY) , BUY ON DIP AND RIDE THE REBOUNDS .. AND REMEMBER YOUR HANG SENG H AND C SHARES.... SO READ BELOW Biggest Crash Ever Is (Probably) Coming by 2020: Harry Dent The Contrarian's Contrarian tells ThinkAdvisor why Economic Winter is coming and discusses the sectors where investors can survive. By Jane Wollman Rusoff | November 30, 2017 at 07:53 AM Brace yourself for the most devastating market crash ever in “the greatest political and economic revolution since the advent of democracy.” That’s the dire alert from colorful, controversial prognosticator Harry S. Dent Jr., in an interview with ThinkAdvisor. Dent, who chiefly uses demographic cycles to forecast the economy and markets, correctly predicted Japan’s 1989 economic collapse, the 2000 dot-com bust and the populist wave enabling Brexit and Donald Trump’s election. Last June, Dent told ThinkAdvisor that an economic and stock market calamity would strike within three years. He is now indeed predicting the crash to occur between late 2017 and early 2020. But with only five weeks to go this year, if stocks don’t start tumbling soon, he’ll be rethinking that forecast, the usually adamant Dent says, with concern. His new book, “Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage,” written with Andrew Pancholi (Portfolio), raises a loud alarm about the 2020s, which, based mainly on four demographic and geopolitical cycles, will bring a ghastly global crisis, or what Dent terms the dark “Economic Winter,” he predicts. Over three decades, Dent’s prophecies have been a mixed bag of hits and misses. Cautioning about a bubble that, he says, has been building for years, Dent, 65, now touts three “safe havens” in which to invest. In the interview, he also discusses market sectors he expects to outperform in the terrible ’20s. The Harvard MBA and founder of Dent Research publishes newsletters and investing strategy systems and has written a number of books that have either hyped a big boom ahead or warned of disaster on the brink. These works have included “The Sale of a Lifetime” (2017) and “The Demographic Cliff” (2015). ADVERTISEMENT With Bain & Co. at the start of his career, Dent consulted to a range of Fortune 100 companies as well as startups. ThinkAdvisor recently interviewed the so-called “Contrarian’s Contrarian,” who talked about, among other issues, the tax cut, why he expects investors to be fuming at their FAs and why the sunspot cycle (you read that correctly) is a valid predictor of market crashes. Here are excerpts from our conversation: THINKADVISOR: In your new book, you say that a devastating crash will occur between late 2017 and early 2020. There are only five weeks left to 2017. Are you sticking with that time frame? HARRY DENT JR.: We may be starting a topping process. I’m seeing signs of that, but it hasn’t yet been proven. We ought to see the market start to go down by early next year. If it doesn’t, I’m going back to the drawing board. If the market doesn’t start crashing by late January or early February, then we aren’t topping here. But we’re saying there’s going to be a crash. It’s just a matter of when [exactly]. Is that prediction despite, or because of, the bull market’s longevity? So far, the market has gone up in bad news, threat of war; Trump’s saying the stupidest things known to humankind and [is under threat of] getting damn near impeached. The market still goes up because money has nowhere else to go. So stocks are the only game in town. They’re going to go till they blow, and it looks like they’re getting close to blowing. At this point, what are you certain of? The one thing I do know is that the market will make a major change in direction. It’s going to try to hide it as much as possible because it wants to screw everybody. The big traders — the sharks — make money, but all the minnows get eaten. That’s what the market wants. It wants people to be trapped in the bubble. Bubbles are very tricky to play. Now is a good time to get out. The upside is limited. Why will a crash occur? Simply because [the U.S. government] has kept putting off this crisis. And, of course, the more you allow bubbles to build up, the more excesses you have. Just how bad will the next crisis be? With the last one, we didn’t have a Great Depression, which is what our models are calling for. So we’re just going to get hit harder this time. Stocks won’t go down 50%; they’ll be down 70%-80%. Unemployment won’t be at 9% or 10%; it will be 15%. 28/04/2018 15:28 apolloang long term investors no buy at this price,they will wait for crisis only buy for long long term.people already eaten the meat now bones left for u.maybe can up but not so worthwhile 02/05/2018 23:51 joetay exactly, bro appolloang. the dy at the current price is less than 3%, just below fd rates. 03/05/2018 08:57 alooloo US interest rate hike will make the dy of public bank look worse. It is quite easy to find alternate US bank that payout this level of dividend. Safer protection due to US bank that benefit from US rate hike in general. Wells fargo is paying 3% at current price. It is not a good time to invest in emerging market finance when US rate hike is confirmed down the road. 12/05/2018 14:33 Orange88 i Bought proprties under construction years ago i dutifully paid interests accrued under construction for 2 years, then the developer cabut lari AFTER PROJECT DELAYED 2 years after my loan, the bank told me to start paying monthly instalment PROJECT ONLY 35% COMPLETED DRAWDOWN 35% no interest waiver SO AM I A RECKLESS BORROWER BELANJA BEYOND MY MEANS ? NOW MANY ABANDONED PROJECT VICTIMS HAVE TO PAY FULL INSTALMENT TO THE BANKS WHO HAPPILY BOOK THEIR RECEIPTS AS REVENUES AND PROFITS IT IS ALL PROVIDED IN THE LOAN AGREEMENT WHEN DEVELOPER CABUT, BANKS WANT TO ASSUME ZERO RISKS JUST PAY YOUR INSTALMENTS WITH INTERESTS BORROWERS= AVERAGE MAN IN THE STREET ASSUME 100% RISKS IT IS ALL IN THE LOAN AGREEMENT APPROVED BY BANK NEGARA ZETI IS WORSE THAN NAJIB GOR ZETI= BILL COSBY WHOEVER WHO READ THIS POSTS DONT UNDERSTAND = 5 YEAR CHILD GETTING LOLLIPOP FROM YOU DADDY 13/05/2018 11:39 X Orange88 WAKE UP YOU ADULT MALAYSIANS WISE UP ! ARE YOU FEELING POOR ? BLAME ZETI NOT JUST NAJIB GOR YOU ARE FEELING FULL AND WEALTHY THEN YOU ARE PROBABLY A 5 YEAR OLD TAKING CANDY FROM YOUR CROOKED DADDY HAHAHHAHAHA DO YOU KNOW ZETI TAKE FROM THE POOR AND GIVE THE RICH 1) TALLY UP THE PROFITS OF TOP 6 BANKS TODAY = PROBABLY 3 TRILLION OR 10 TIMES MORE THAN MAHATHIR TIME THAN UNDER NAJIB 2) RECORD BANKCRUPTIES 3) LOP SIDED LOAN AGREEMENTS TOTALLY FAVORING BANKS AGAINTS THE AVERAGE MAN IN THE STREET THE AVERAGE ADULT MALAYSIANS FEEL SO POOR BUT BANKS RAKE UP RECORD PROFITS BECAUSE ZETI KAPSIT WITH BANKS TO TARUH THE AVERAGE MAN IN THE STREET BUT DONT WORRY THE REPUTATION OF ZETI WILL ONE DAY BE LIKE WEINSTEIN, WINNY MANDELA, NAJIB GOR TAN SRI ZETI = BILLCOSBY A ROBIN HOOD REVERESED ORANGE TOLD YOU ORANGE TOLD YOU ORANGE TOLD YOU SO YOU KNOW EVERYTHING YOU NEED TO KNOW COST ORANGE TOLD YOU SO 13/05/2018 11:46 Fortuneman A normal reaction from foreign investors against 1mdb scandal & country debts. Hold tight and wait for good market sentiment coming. Just a temporary marker reactions. 25/05/2018 00:21 Jeff Lee tmr is time to buy pbb call warrant C21. only RM 0.31. Trading at almost zero premium and has longest maturity date. 06/06/2018 16:57  probability cant agree more Posted by Jeff Lee > Jun 6, 2018 04:57 PM | Report Abuse tmr is time to buy pbb call warrant C21. only RM 0.31. Trading at almost zero premium and has longest maturity date. 06/06/2018 19:27 Jeffreyteck Banking sector has been well protected under the financial master plan which reduced the number of market players. It consequences have not been debated in details other than claiming a robust and sound financial system in place but on the consumers expenses and higher income discrepancies as less CEO n staff sharing a higher banking profit, higher cost of service charges for the poor consumers, etc and fortune income for banks from FD matured on weekend as banks no need to pay two days interests multiplied by number of weekend and very significant amount of FD in the banks. This is an obvious unfair treatment and making the rich becomes richer. 15/06/2018 10:42 TheContrarian The reason why PBB dropped in the past two days is so obvious. Public Bank is selling PBB shares aggressively. Today it sold over 7 million shares until 5pm forcing down the price to RM22.78. 20/06/2018 19:45 leslieroycarter Tan Sri Tey controlled PBB around 23%, so take over shall be easy given that institutional investors hold the majority of the stake . Given the right price , Tan Sri Tey will easily disposed off the stake without much resistance . This is the way how business is done. 20/06/2018 20:36 The_Reds interesting...company sold 60% of its treasury shares in these 2 days, which is equal to almost 50% of the transacted volume...the buyers must have a big big plan in hands 20/06/2018 21:32 Hoaybin Hi all I’m beginner here need some expertise’s opinion.. in this situation, is it a good time To buy in at lower price? 21/06/2018 10:44 wkl318 pbb treasury shares sold on 19th and 20th which The_Reds said represent 60% of its treasury shares and when will it stop being sold? A reason for selling might be taking profits (and before others sell in a big way) and maybe buy back later at much lower prices. Investors should question the so-called Target Prices which range from about RM24 to RM27. This big difference shows just as beauty is in the eye of the beholder, so is Target Prices! 21/06/2018 13:54 The_Reds today continue selling of treasury share and now only left with 5%...tomolo they will unload the last batch of treasury share.. 21/06/2018 20:00 L2earn >>Nicole Chow But why pbbank keep selling its own share le? 20/06/2018 20:03 https://www.facebook.com/harryteotybjb/videos/2081222945422757/ https://www.facebook.com/groups/sharixinvestment/permalink/2235182326509006/ 22/06/2018 12:43  |
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