We have been impressed by the positive news about the bank’s recent corporate exercise. However, as investors, we would rather be reassured by negative views than ruined by positive ones. According to Pankaj C. Kumar, the proposed acquisition of a 44.15% interest in LP, amounting to 175.9 million shares at RM9.80 per share, does not reflect a fair market price. The article mentions two other figures: RM9.20 per share and RM5.42 per share. These numbers, ranging from RM9.80 to RM9.20 to RM5.42, should be investigated. Who among us has the expertise to explain what these numbers mean? See: https://www.thestar.com.my/business/insight/2024/11/02/complications-in-public-banks-corporate-exercise

Will the majority voting power rest with a group of shareholders acting as a bloc, chaired by the Teh family? If you’re a lawyer, is it possible to legally bind the members of the bloc to move as a unit? Thanks, our future depends on fuller understanding. Please give your opinion.

The Teh family, in compliance with the Financial Services Act, will reduce their shareholdings in Public Bank to 10% within five years by selling their shares at a discount to eligible shareholders of the Public Bank Group. I listened to and read their announcement with utmost care, but I couldn’t fully understand it, except for the notion of false promises we’ve all been exposed to by our politicians. I cannot foresee the future. Can anyone help? Teach me, please.

Based on the posts from members here, I have summarized the following speculations:
(1) Public Bank might be looking to acquire the Teh siblings’ stake in LPI Capital Bhd. (True?)
(2) This acquisition could potentially optimize Public Bank’s Common Equity Tier 1 (CET-1) ratio. (BS?)
Let’s see how well you all can gather information compared to the official announcement on Friday. Let’s wait and see…

We're fighting against EPF. EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) will start dispose shares. They may be (might be) a spoiler. My opinion only eh...

Hits 4.50 a moment ago, and KLCI ups about 20 points

Hi @calvintaneng, there are specific regulations in Malaysia that govern the recommendation of stocks (the rules are subtly complicated, you may read/research further yourself). Recently, stock recommendations by "experts" disappear from Saturday Star Paper, haven't you noticed. My humble "advice" is not to recommend any stock particularly in PBBANK forum. Furthermore, the stocks you recommended are from portfolio managers - we do not know what is their strategy. Stock's price is like FIAT money, it goes up and down daily, and who knows.... Let the forum members decide what to do with their PBBANK stocks, but cheerful news is generally welcome.

For the hopeful, since 26-06-2024, the stock price of PBBANK is uptrend: about price = 0.00768*day + 4.023674. So, if this trend continues, around September 23, the price "was" 4.50. This uptrend is independent of dividend/profit announcement. If the figures of the result are good, it can shoot up early. (Having said that, I have no plan to sell, so the numbers are meaningless for me.)

I think a paper by Lakonishok, Shleifer, and Vishny in 1992 has the almost complete description how institutional trading can impact stock prices, and therefore also describes the situation here: How KWSP milks your cows, sucks you dry, and after that pays their executives top ringgit, pays the KWSP's depositors a meager 5.5%. In short, KWSP needs investors like you to make money. What to do about it? Can someone here tells me?

KWSP is earning money from geniuses all over Malaysia who "invest" in share market. They're in buying spree lately. Some knuckleheaded geniuses here even suggested Pbbank's management is too old. Come on, that's why we invest in this bank, we want that conservatism, we don't want somebody like Sam Bankman-Fried run this bank. Do you know that at one time Sam Bankman-Fried's stint in a company held more capital than Pbbank? Do you know that at that time Sam Bankman-Fried put his accounting numbers in Excel sheets? KWSP needs a lot of us with misconceptions to make money - and after paying many percents to their executives, they still manage to put out 5.5% dividend. Where that money comes from?

The fluctuation of PBBANK shares has nothing to do with the bank, nor its dividend payout. Something to do with institutional players like KWSP/EPF. Look at the *Insider*. Example: On 29/2/2024, It disposed 7.7 million shares to pressure its price down to RM4.40 => Buy back in 5/3/2024 20 million share at RM4.32. They are gonna to do it until around ex date. If you keep the accounting, they would end up buying more in lower price, earn the dividend, then they they would start swing the price up, blah blah blah...

If we have enough "supporters" we can do something similar to "GameStop short squeeze." You know what I mean. But I ain't no support.

Bunch of geniuses here. Your good friend EPF/KWSP is the one earning money from your guys. Sell thousands, and sometimes millions, of PBBANK to pressure the price down, and when the price lowers to their target, buy back big time in many thousands or millions of shares. Earn dividend in the process as well. PBBANK and MAYBANK are two of their favorite golden geese, at your expense, of course. Why not just put your money back to KWSP if you want to go against EPF (no pun intended :).