Posted by 1288Go > 2024-06-21 05:01 | Report Abuse

Thirai, Pbb bank assets is in the billions!!
Not millions?

Posted by Thirai Thiraviam > 2024-06-21 05:20 | Report Abuse

@1288Go - you are absolutely right. My bad. I've corrected it now. Thanks.

Posted by 1288Go > 2024-06-21 12:47 | Report Abuse

👍..Great Thirai...

Posted by probability > 2024-06-21 14:08 | Report Abuse

Thirai..thanks for evaluating banking stocks which i am completely not competent to do so...

do you have any comments on ABMB? Is it cheap and a good buy?

could you tell which is the best banking stock to buy among those listed in Bursa... really appreciate, thanks

Posted by BEDOK460507 > 2024-06-21 16:26 | Report Abuse

Hi Thirai, TQ for the unselfish sharing. You're the man...!!!

Posted by Thirai Thiraviam > 2024-06-21 17:13 | Report Abuse

@probability --

I bought a bunch of banking stocks -- CIMB, Maybank, ABMB, RHB and AMMB -- when they were a lot cheaper a few years back. Almost all of them, safe RHB, have increased in price considerably since. At present, I am analysing all banking stocks again to see how best to rebalance my holdings.

1) You asked about ABMB. At the current price, it is very attractive (Price to Tangible Book is 0.89); however, its earnings growth is weak. Since mid-2022, the earnings are almost flat. (P/E to Growth Ratio or PEG Ratio is 2.16.)

2) PBBank, despite my comments above, is somewhat attractive. It has a high quality book, and therefore sells at a premium. (Price to Tangible Book: 1.5.) It is growing, albeit slowly (its PEG Ratio is also 2.16 despite higher P/E). I took a position in it recently, and may add more if the price drops well below RM4.

3) I find HLFG the most attractive among the banks at present. Its Earnings Per Share (EPS) has grown by 9.67% annually over the last five years. But the share price, for whatever reason (needs further investigation), hasn't kept pace. Its Price to Tangible Book is barely 0.74, and its PEG Ratio is 0.76. However, there are a couple of things that I don't like about the bank, and they are: 1) low dividend yield (of around 3%) owing to low dividend payout ratio; and 2) very low trading volume.

Posted by probability > 2024-06-21 17:53 | Report Abuse

@Thirai....thanks for the inputs, looks like nothing wrong with ABMB from your feedback...i dont look forward too much on growth, as long as they can sustain the earnings and slowly increase dividend payout i would be happy

yes HLFG is the other finance stocks that i am interested other than ABMB

i see both these bank have very high free cash flow...not sure how much it matters for banks...

look forward for your analysis (bank comparison) to be presented in i3 :)