PUBLIC BANK BHD

KLSE (MYR): PBBANK (1295)

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Last Price

4.00

Today's Change

-0.03 (0.74%)

Day's Change

4.00 - 4.04

Trading Volume

69,111,000

Details of Changes
Securities After Change
Transactions
Ann. Date Name Details of Changes Securities After Changes
Date Type No. of Shares Price Direct (%) Indirect (%) Total (%)
Discussions
20 people like this. Showing 50 of 15,062 comments

diuleiloumei

Already sleep at this price range since mco d. Too heavy to move

2 weeks ago

eagleye

PBBankers, moomoo claims of offering lowest comm chgs for trading/investment. Approved & recognized by Sec Comm.
Any of you have any experience with them ?
Good, bad or same as others.

1 week ago

Joe

I am holding PublicBank for devident.... I believe the operator is pressing down the price to buy!!!!!

1 week ago

Joe

They already press down 2cents now...

1 week ago

Joe

Can try q at 408 or 409....devident should be good in September'24

1 week ago

Joe

This is the only Bank that never move much...

1 week ago

Joe

Track record proven guys

1 week ago

BlackDiamond

PBB was one of the best and most reliable banks once upon a time. Today it lacks direction and is staggering! The management must take responsibility. Definitely this old management is not good for this bank and it’s about to bring in a young and robust team with more ideas otherwise it will keep sinking.😭😭😭

1 week ago

EDwarrior

Keep buying

1 week ago

1288Go

Correct Black 💎...
I think msians institutions eyeing to buy over. Mr Tehs children interested in having some money from Mr Teh, and enjoy funds. But not to slog like the father..
Hmmm. Where will Pbb go from here !!

1 week ago

KylieTan

Public Bank gets green light to buy RHB’s stockbroking business in Vietnam. Is it a good deal?
https://theedgemalaysia.com/node/714561

1 week ago

SeekUndervalued

Queue to buy at RM 4 and below. On my watchlist now.

1 week ago

Hachi Hachi

got a few at 4.08, as fd.

1 week ago

SmallSexyPig

any time PBBANK drops below 4 I buy and within 3-6 months it's up to 4.4-4.5

this cycle happened like 3 times already or something

1 week ago

EDwarrior

Keep buying la

1 week ago

Hachi Hachi

epf buying a lot !

1 week ago

Joe

EPF bought very cheap before from 3.90....

1 week ago

Joe

EPF will buy below 4.00


1 week ago

masterus

The financial world is bracing for a significant upheaval following Saudi Arabia's decision not to renew its 50-year petro-dollar deal with the United States, which expired on Sunday, 9 June, 2024.

Biz community

1 week ago

Joe

From what I monitor... The operator with big funds... Buying and selling at the same time...not much share movement...devident still got time...only in September'24...so they are playing games.

1 week ago

masterus

PETALING JAYA: The United States returns around US$156mil (RM721.4mil) to the Malaysian Government marking the fourth installment of recovered misappropriated funds from the 1Malaysia Development Berhad (1MDB) scandal.

US Ambassador to Malaysia Edgard D. Kagan met Prime Minister Datuk Seri Anwar Ibrahim to confirm the handover of funds on June 11, according to a statement by the embassy.

1 week ago

Joe

Woow...The big fund managers are playing games...right hand buy left-hand sell...till they meet their allocation funds...

1 week ago

Joe

Maybe August onwards can see goreng...if market is still active.

1 week ago

Joe

But I am expecting a min of 20% devident

1 week ago

KylieTan

Hopefully can see it reaching RM5 in August 😊

4 days ago

Kitty Kitty

Time to add another position

4 days ago

wakeupcall

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...

4 days ago

EDwarrior

also too hard to take over bro.

4 days ago

Hachi Hachi

shift to other bank.

4 days ago

BlackDiamond

A good bank but run by a group of directionless fools!😭😭😭

4 days ago

Thirai Thiraviam

@BlackDiamond:
> A good bank but run by a group of directionless fools!😭😭😭

Why do you say they are directionless?

4 days 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.......

4 days ago

EDwarrior

Buy some again

3 days ago

David Coperfield

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!!!

3 days ago

Kitty Kitty

Time for another position.

3 days ago

Hachi Hachi

Anyway buy low sell high.
But how low is low to get positioning? averaging low strategy ?

3 days ago

EDwarrior

Buy or hold?

3 days ago

ken2004

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

3 days ago

EDwarrior

Wow 4.04? 3.90 incoming

3 days ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

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%.

3 days ago

Thirai Thiraviam

@Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥:
> 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.

2 days ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

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.

2 days ago

cheeseburger

it will going up soon.

1 day ago

KylieTan

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 day ago

ken2004

Actually, realize banking stocks drop, not really on pbb alone, mbb also like drop.....

1 day ago

BlackDiamond

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 day ago

M55555

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 day ago

diuleiloumei

Those kids memang tak boleh pakai

1 day ago

AiAutomation

['1295', 'PBBANK', 'EMPLOYEES PROVIDENT FUND BOARD', '(a substantial shareholder)', 'acquired', '3,000,000', 'shares on 18-Jun-2024.']
['1295', 'PBBANK', 'EMPLOYEES PROVIDENT FUND BOARD', '(a substantial shareholder)', 'acquired', '2,700,000', 'shares on 14-Jun-2024.']
['1295', 'PBBANK', 'EMPLOYEES PROVIDENT FUND BOARD', '(a substantial shareholder)', 'acquired', '5,954,600', 'shares on 13-Jun-2024.']
['1295', 'PBBANK', 'EMPLOYEES PROVIDENT FUND BOARD', '(a substantial shareholder)', 'acquired', '6,933,600', 'shares on 11-Jun-2024.']
1295,PBBANK,acquired,18588200,18-Jun-2024,EMPLOYEES PROVIDENT FUND BOARD

https://www.youtube.com/@thecalculus6637/videos

8 hours ago

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