@apple168 你别再假慈悲，小心报应就在你左右，人在做天在看！

@peteryann79 The bonus shares will only be in the system on 2/2/2021 Tuesday next week.

1/2/2021 is the Federal Territory Holiday.

@choysun Yes! Our loss is their gain. Don't fall into their traps.

Thank you for your advice.

@1invest1 Thank you for the big handful of compliments! I am over the moon LOL.

Rest assured that I only mean well. May God bless you too!

No trading tomorrow. Enjoy the break guys!!

https://m.investing.com/news/economic-indicators/china-industrial-profits-surge-201-yy-in-dec-2399769

Paper loss/gain is irrelevant. If we don't sell at RM22. 90, why should we sell at RM3. 60 (RM18) ? We will buy more instead. Huhuhu.

@khpwwl I think you have tagged the wrong guy. @1invest1 never asks anyone to sell. It's just the opposite. He advises people to keep the share.

@1invest1 Well-said!! Steady pbb family!! Don't fall into their traps.

In the meantime, @1invest1 please repost your message everyday so that it benefits more members. Thank you for your goodwill!

@ATSK Public Bank Berhad is not a one man show company. It has been managed by an excellent team all along. Your narow mindedness shows that you are trying too hard to find an excuse just to stop people from buying, or asking people to sell now.

Good try! LOL.

Suddenly so many saints and gurus are in this forum claiming to SAVE people from buying pbb now.

The intention is obvious. LOL.

Imagine 20 years ago pbb was at RM4+... then went up to RM21+ on 25th January 2021.

Now history is repeating itself again!! Get it?

@stingray_ea Correct! This price will attract a lot of investors, many are on standby mode now LOL. When the economy is good it will rocket shoot! Don't bother about the temporary drop. If you have the money keep buying.

We must have people selling for us to buy cheap. That's how the market exists.

@Superbull88 This is specifically for your reading pleasure.
https://www.straitstimes.com/asia/se-asia/malaysias-second-movement-control-order-may-end-by-feb-4-says-government

@Superbull88 The bonus shares will only be in the account next Tuesday, 2/2. You have to be correct with the date first before creating a story.

@BATFLY is their cousin LOL

@apple168 and @Superbull88 are team mates!

Trade statistics for December 2020 (up) will be released on Friday, 29th.

Announcement of the end of MCO 2.0 will be announced on Friday, 29th. It will be replaced with CMCO until May.

@apple168 Please don't cry LOL

I REPEAT.

NO MCO 2.0 EXTENSION.
3 MONTHS CMCO INSTEAD.
VACCINES ARE IN NEXT WEEK.
QR4 IN FEBRUARY.
DIVIDEND IS DECLARED IN FEBRUARY.

NO MCO 2.0 EXTENSION means NO OPR CUT IN MARCH too.

Please read the above a few times every time you are telling yourself not to buy now.

No extension of MCO 2.0. DG Noor Hisham already said that. Azmin Ali already hinted it.

Vaccines are in next week! Yes, next week. MAS Cargo will fly them in!!

QR4 is out next month. Dividend is declared next month.

@Superbull88 do you get the picture?? Or do you hope more lockdown just to plunge our economy?

December 2020 trade statistics will be released on Friday, 29th.

@apple168 感恩吉祥！

@MichelleNg. CGS-CIMB Equities Research said following the bonus issue going ex, the bank's share base jumped five-fold from 3.88 billion shares to 19.41 billion shares.

“As a result, we adjust our dividend discount model-based target price for Public Bank from RM25 to RM5 (share price adjusted from RM21.30 to RM4.26 due to the bonus issue).

The research house kept the banking stock an Add and its top pick for the sector as it regards the bank as the most defensive amid its expected industry-wide rise in gross impaired loan (GIL) ratio in 2021F as a result of the Covid-19 pandemic.

@MichelleNg Yes! Please wait until RM3.. that's the general fair price perceived by those who hasn't owned a pbb share.

Good morning all! If pbb drops to RM4, KLSE will be below 1500. Maybank will be below RM7. Get it?

Today pbb will close green. Because the government has secured more vaccines from Russia and China as announced last night.

Most likely all banks will close green.

@apple168 really hates the banks. He spreads negativity in all banking forums, claiming himself a saviour.

https://www.thestar.com.my/business/business-news/2021/01/26/pharmaniaga-signs-deal-to-supply-12-million-doses-of-vaccine-to-moh

This is for you @apple168, too.

https://www.malaymail.com/news/malaysia/2021/01/26/health-ministry-malaysia-secures-18.4-million-doses-of-russian-chinese-covi/1944232#.YA__W-p0Ot0.whatsapp

@apple168 this is for you

After observing for almost a month, today is the first day seeing epf acquiring more pbb than disposing, 1, 500,000.00 against 1, 000,000.00.

https://www.malaymail.com/news/malaysia/2021/01/26/health-ministry-malaysia-secures-18.4-million-doses-of-russian-chinese-covi/1944232#.YA__W-p0Ot0.whatsapp

Issuing bonus shares increases the issued share capital of the company, the company is perceived as being bigger than it really is, making it more attractive to investors. In addition, increasing the number of outstanding shares decreases the stock price, making the stock more affordable for retail investors.

@beginner More shares more liquidity.. that's why pbb needed the bonus issue. Cheaper now.

After bonus issue we will witness the power of the retailers. Switching of more power to the retailers. Withstanding the fall caused by funds or epf dumping.

It will take time. Slowly but surely.

Tomorrow onwards the price will stabilise. Today it was a joyride, first day as expected. Looks like non-PBB owners are more excited today making negative comments LOL

CGS-CIMB Equities Research said following the bonus issue going ex, the bank's share base jumped five-fold from 3.88 billion shares to 19.41 billion shares.

“As a result, we adjust our dividend discount model-based target price for Public Bank from RM25 to RM5 (share price adjusted from RM21.30 to RM4.26 due to the bonus issue).

The research house kept the banking stock an Add and its top pick for the sector as it regards the bank as the most defensive amid its expected industry-wide rise in gross impaired loan (GIL) ratio in 2021F as a result of the Covid-19 pandemic.


CGS-CIMB Research said a potential re-rating catalyst is the expected recovery in core net profit growth to our projected rate of 12% in 2021F.

People who don't own and not sincerely keen in owning public shares will always be so keen to ask us to sell our tickets. Be the share price is up or down, are they out of jobs?

Hmmm, I wonder why?!

Too many jealous people here, with kind hearts and advices as they claimed LOL

TESLA has a P/E of 130++ just for comparison purpose LOL.

Sentiments dictate the stock price.

Many investors will say that it is better to buy shares in companies with a lower P/E, because this means you are paying less for every dollar of earnings that you receive. In that sense, a lower P/E is like a lower price tag, making it attractive to investors looking for a bargain. In practice, however, it is important to understand the reasons behind a company's P/E. For instance, if a company has a low P/E because their business model is fundamentally in decline, then the apparent bargain might be an illusion.

In stock market, it is an interplay of fear and hope. Look at TESLA, do you think it is worth USD880? As long as the company is profitable with saint management, it can always surprise us!

Very likely that maybank will come up with a bonus issue too. 1:1...let pbb and mbb fight LOL.

@Stockisnotfun RM4. 80

CGS-CIMB Equities Research said following the bonus issue going ex, the bank's share base jumped five-fold from 3.88 billion shares to 19.41 billion shares.

“As a result, we adjust our dividend discount model-based target price for Public Bank from RM25 to RM5 (share price adjusted from RM21.30 to RM4.26 due to the bonus issue).

The research house kept the banking stock an Add and its top pick for the sector as it regards the bank as the most defensive amid its expected industry-wide rise in gross impaired loan (GIL) ratio in 2021F as a result of the Covid-19 pandemic.


CGS-CIMB Research said a potential re-rating catalyst is the expected recovery in core net profit growth to our projected rate of 12% in 2021F.

Furthermore, it is positive on the bonus issue as it increases the liquidity of its shares and the lower share price following the exercise raises the affordability of the stock for retail investors.

A potential downside risk to its call is a spike in 2021F loan loss provisioning.

It also said Public Bank was trading at CY21F P/E of 16.3 times, which is above the five-year historical average of 14.8 times.

“We deem its valuation as reasonable given the bank’s strong fundamentals, reflected by asset quality and operating efficiency that are the best in the sector.

“We project a recovery in the growth of Public Bank’s core net profit from a decline of 17.9% in FY20F to an expansion of 12% in FY21F. This is likely to be underpinned by our forecast (1) growth of 11.3% in net interest income in FY21F vs. a drop of 7.2% in FY20F, and (2) 41.2% decline in loan loss provisioning in FY21F following a 603.7% surge in FY20F.

“We project an increase in GIL ratio for Public Bank from 0.49% at end-Dec 20 to 0.69% at end-Dec 21, in line with the rise in the industry’s GIL. However, we believe that its GIL will still be the lowest among the local banks and also significantly lower than our projected GIL of 2% for the banking industry at end-Dec 21, ” it said.

TAGS / KEYWORDS:
Public Bank , Bonus Shares , CGS-CIMB Research

TOPIC:
Markets Analyst Reports

https://www.thestar.com.my/business/business-news/2021/01/26/public-bank-shares-jump-as-bonus-shares-go-ex#.YA-UPztlc6k.whatsapp

Top pick in the bank sector.

I also foresee that Maybank will offer bonus issue 1:1 end of the year if not next year. Maybank will not let Public take over its Top 1 in BURSA.

@shearer202 你是专家中的专家！不买0风险。

KLSE has to recover. It was at 1627 on 31/12/2020. Yesterday closed 1576.

Went down 51 to-date! Other markets keep going higher this month!

https://www.theedgemarkets.com/article/economists-expect-bnm-maintain-opr-tomorrow-after-fiscal-resources-deployed

Old news for refreshing your memory. No extension of MCO 2.0 indicates less likely for the next opr cut to happen.

No extension of MCO 2.0 indicates that there will be no opr cut in March.

It makes me wonder why does @apple168 have so much hatred against the bank sector?? Was he retrenched by a bank before?