PUBLIC BANK BHD
KLSE (MYR): PBBANK (1295)
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Last Price
4.04
Today's Change
0.00 (0.00%)
Day's Change
4.04 - 4.07
Trading Volume
1,494,000
Analysis
Price Target
A price target is an analyst's projection of a share's future price.
Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.
Last Price
4.04
Avg Target Price
4.67
Upside/Downside
+0.63 (15.59%)Price Call
0
SELL
11
HOLD
18
BUY
| Date | Open Price | Target Price | Upside/Downside | Price Call | Firm | View | Action |
|---|
Discussions
20 people like this. Showing 50 of 15,087 comments
After the father gone, left all the spoiled kids manage the company, now market cap drop to 3rd, sooner gonna over take by CIMB and drop to 4th... Hopeless...
2 weeks ago
@BlackDiamond:
> A good bank but run by a group of directionless fools!😭😭😭
Why do you say they are directionless?
2 weeks ago
PBB not run by family all the while, how come out of sudden related this to the family lol, anyone notice the Teh family inside the boardroom or the management team, as I know, I don't see any.......
2 weeks ago
ken2004
PBB not run by family all the while, how come out of sudden related this to the family lol, anyone notice the Teh family inside the boardroom or the management team, as I know, I don't see any.....
Sound like Teh family is going to participate don't you think!!!
2 weeks ago
Anyway buy low sell high.
But how low is low to get positioning? averaging low strategy ?
2 weeks ago
I believe the management team don't change all this while which even after the passing of the chairman, nothing changes in the bank leadership with the exception of the share holdings, different major shareholders, this is what I read from the news, so out of sudden to said related to mismanagement of the family, totally like absurd to me
1 week ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Revenues and earnings continue to grow at low pace (4% annually).
Dividends paid over the last 10 years grew from 11sen (2014) to 19 sen (2023),. growing at CAGR of 6%+.
At price of RM 4.04:
Its PE has shrunk from mean of 14 to 11.8 today.
Its present DY is 4.7%.
1 week ago
@Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥:
> Revenues and earnings continue to grow at low pace (4% annually). Dividends paid over the last 10 years grew from 11sen (2014) to 19 sen (2023),. growing at CAGR of 6%+. At price of RM 4.04: Its PE has shrunk from mean of 14 to 11.8 today. Its present DY is 4.7%.
PBBank reached its highest point in 2018, with a P/E Ratio exceeding 17. Now that ratio has reduced to 11.8, as you pointed out. The question is why?
Between 2018 and 2023, the bank's assets have grown from RM420 million to RM511 million (CAGR: 4.0%). During the same period, revenue has grown from RM22.0 million to RM25.4 million (CAGR: 2.9%), and profits have grown from RM5.6 million to RM6.7 million (CAGR: 3.5%). It is apparent from the above that the assets at the bank are growing faster than the profits generated from those assets, indicating maturity and a slowdown.
Comparing the above figures with those from five years prior — between 2013 and 2018 — we get a CAGR of 4.0% for asset growth, and 5.5% and 4.4% for revenue and profit growth, respectively. From this, we can clearly see that revenue and profits were growing faster than assets in the five years leading up to the bank's peak in 2018.
The bank prides itself on having the highest Return on Equity (ROE) of 13.0%. Although this number has slipped from 14.8% in 2018, it remains respectable. The thing about ROE is that it can be achieved either by increasing profits (the numerator) or reducing equity (the denominator). Sadly for PBBank, it is doing the latter. Between 2016 and 2018, the bank consistently increased its dividend payout ratio. As a result, the payout percentage grew from 43.0% to 55.5% during these years. This is yet another sign of maturity and slowdown.
In short, Public Bank needs to get aggressive about increasing its topline and bottom-line. It isn't sufficient to say the bank holds the leading position in the Malaysian market for residential and commercial property financing, passenger vehicle financing, and the private retail unit trust business (which, thankfully, has started growing again after hitting a low point in 2020).
Maybe the bank is already addressing this, as the gross impaired loan ratio (GIR) increased a few basis points in 2023, and the bank has publicly revealed its target for GIR to be less than 1.0. (Between 2015 and 2022, the bank's GIR averaged below 0.5. Higher values were seen in 2014 and 2013, when the numbers were 0.6 and 0.7, respectively.)
Besides the above, I'd also like to see the bank get aggressive about incorporating digital technology within its operations and reducing manpower. At present, the bank has over 19,000 employees. The financial sector is one of the biggest beneficiaries of new technology. When PBBank gets serious about this, it will likely result in job cuts. However, I suspect the bank is reluctant to take this step.
1 week ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Over the last 10 years:
It grew its revenue at CAGR of 4.86%
It grew its net profit at CAGR 4.27%
Its dividend distributed grew at CAGR of 6.53%.
Its DPO ratio grew from 46% (2014) to 55% (2023).
DPS grew from 10.74 sen (2014) to 19 sen (2023).
Of note: in 2020, it distributed 13 sen in dividends (cf 14.60 sen in 2019)
Its Net Profit Margins remain steady between 25% to 27%.
Its ROEs from 2014 to 2018 were in the mid teens. From 2019 to now, they were at the low teens.
Its PE hovered between 12 to 16 over many years. Today, its PE is in the lower part of this range.
A good way to value a bank is to look at its P/NAPS: PBB was a very expensive bank in the past as its P/NAPS was consistently above 2. Today, its P/NAPS is 1.52x. With a ROE of 12.16% today, this high quality company is trading at a: _____________.
Price = EPS x PE
Its EPS is consistent and growing.
Its PE has shrunk.
1 week ago
RAM Ratings has affirmed the AAA/Stable/P1 financial institution ratings of Public Bank Berhad and its core subsidiary, Public Islamic Bank Berhad
https://www.businesstoday.com.my/2024/06/19/ram-affirms-aaa-ratings-for-public-bank-islamic/
1 week ago
Actually, realize banking stocks drop, not really on pbb alone, mbb also like drop.....
1 week ago
What is the point of PBB being rated highly by the so called RAM and other organisations when the share price keeps falling every day. Also if it’s supposed to be rich in assets and cash than why isn’t it giving us dividends as compared to MBB, CIMB or even RHB? Disappointing and Disgusting!
1 week ago
If price don't drop, when can we collect ? Collect by stage and when it rise again, can balance back how much to hold long term. Got nothing to lose . DIV is consistent. But it would be different for those few days traders. Waiting and park buy 3.95 , 3.85 ... but i guess not easy.
1 week ago
https://theedgemalaysia.com/node/716580
PETALING JAYA: MBSB Bank Bhd says it has refunded all monies illegally withdrawn from the accounts of its customers in a recent case in Kota Kinabalu.
Last Friday, Bernama reported that police had detained 14 individuals, including four bank employees, to assist in the investigation into the fraudulent withdrawals of RM24.2 million from several fixed deposit accounts in Kota Kinabalu.
1 week ago
I believe don't have to buy one go... Becouse the price is very volatile...able to buy at a lower price now
1 week ago
My GTC Buy Fill order at RM4 was filled. Slowly queuing and adding at lower prices, including below RM4. Plenty of time to accumulate as price is unlikely to run up for months. 19 sen dividend is likely to rise in years to come. 19 sen / RM4 ~ 4.8% dividend yield, what's not to like. Lower prices are coming and that's great news for long term accumulators for retirement passive income for life later.
1 week ago
Remember to watch your position size - don't be greedy. I'm still quite far from 5% capital for this holding, so, welcome to add at lower prices in months to come via GTC Buy Limit orders i.e. no need to watch the market.
1 week ago
https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-05-24-story-h-160805766-PBBANK_I_added_at_4_18.
As shown in the chart, it hasn't reached the bottom line yet. As price falls, the odds increases that it will touch the bottom uptrend line. And if it keeps falling, odds increases that it will fall BELOW that long term uptrend line temporarily. I am spreading my buys to allow for all these possibilities, whilst maintaining position sizing. Add SLOWLY at lower prices or do nothing until it reaches the bottom of that uptrend line.
1 week ago
PBBANK is so liquid, I can publicly announce my plans BEFORE hand and it has no impact to my trade executions. However, other stocks I can't announce, as liquidity is lower.
1 week ago
Mr Dividend, you right when you said, no need to watch everyday. My advise to you is to go and sleep soundly and wake up early September and buy as dividend will be due. We will inform you if the prise drops to 3.50 so go and sleep and if you cannot sleep pop in some Xanax. Good Night!😎😀
6 days ago
Better buy Tsh
Follow Public Mutual Funds buy Tsh Resources
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-05-22-story-h-161464080-PUBLIC_RESEARCH_TELLS_YOU_TO_SELL_TSH_BUT_PUBLIC_MUTUAL_FUNDS_BUYING_TS
6 days ago
The last time it announced divident was like around RM4.40+/-, look away for a while, it dropped below RM4.10, then look away for a while it now RM4.02... Seemed like a pump and dump tricks...
5 days ago
EPF control play play Pbb how high it can go. Control it's price..
They make it old man stock !!
2 days ago
https://klse.i3investor.com/web/blog/detail/kenangaresearch/2024-06-28-story-h-158006316-Banking_Seeking_Guarded_Positions
Laggards remain challenged. As of our cut-off date of 16 Jun 2024, we note that only PBBANK (OP; TP: RM5.20) is performing below its CY24 start. In spite of its sound earnings delivery and high ROE prospects, we opine that investors may be more interested in positioning with banks with a higher corporate exposure to fuel potential profit growth on the bank of several macro themes (i.e. data centre, infrastructure projects) which left the stocks falling behind.
2 days ago
Property and transport loans drag down Public Bank HK’s profits 😥
Link: asianbankingandfinance.net/retail-banking/news/property-and-transport-loans-drag-down-public-bank-hks-profits
1 day ago
Property and transport loans drag down Public Bank HK’s profits 😥
https://asianbankingandfinance.net/retail-banking/news/property-and-transport-loans-drag-down-public-bank-hks-profits
1 day ago
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Time to add another position
2 weeks ago