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
Overview
Market Cap
77,643 Million
NOSH
19,411 Million
Avg Volume (4 weeks)
25,307,083
4 Weeks Range
4.00 - 4.19
4 Weeks Price Volatility (%)
0.00%
52 Weeks Range
3.83 - 4.52
52 Weeks Price Volatility (%)
24.64%
Previous Close
4.03
Open
4.04
Bid
4.00 x 460,200
Ask
4.01 x 228,800
Day's Range
4.00 - 4.04
Trading Volume
69,111,000
Financial Highlight
Latest Quarter | Ann. Date
31-Mar-2024 [#1] | 20-May-2024
Next QR | Est. Ann. Date
30-Jun-2024 | 29-Aug-2024
T4Q P/E | EY
11.78 | 8.49%
T4Q DY | Payout %
4.75% | 55.98%
T4Q NAPS | P/NAPS
2.81 | 1.42
T4Q NP Margin | ROE
25.26% | 12.07%
Market Buzz
2024-06-21
2024-06-21
2024-06-21
2024-06-21
2024-06-20
2024-06-19
News and Blogs
Related videos
Company Profile
Sector: FINANCIAL SERVICES
Sector: FINANCIAL SERVICES
Subsector: BANKING
Subsector: BANKING
Description:
Public Bank Bhd is a Malaysian banking group that provides a range of financial products and services, including personal banking, commercial banking, Islamic banking, investment banking, share broking, trustee services, nominee services, sale and management of unit trust funds, bancassurance, and general insurance products. In additional to its mostly Malaysian operational presence, the bank is exposed to other Southeast Asian nations through some of its branches. Its strategy emphasizes organic growth in the retail banking business, particularly retail consumers and small and medium-size enterprises. The vast majority of its earning assets are in loans, advances, and financing.
Discussions
20 people like this. Showing 50 of 15,061 comments
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
I am holding PublicBank for devident.... I believe the operator is pressing down the price to buy!!!!!
1 week ago
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
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
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
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
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
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
PETALING JAYA: The United States returns around US$156mil (RM721.4mil) to the Malaysian Government marking the fourth installment of recovered misappropriated funds from the 1Malaysia Development Berhad (1MDB) scandal.
US Ambassador to Malaysia Edgard D. Kagan met Prime Minister Datuk Seri Anwar Ibrahim to confirm the handover of funds on June 11, according to a statement by the embassy.
1 week ago
Woow...The big fund managers are playing games...right hand buy left-hand sell...till they meet their allocation funds...
1 week ago
After the father gone, left all the spoiled kids manage the company, now market cap drop to 3rd, sooner gonna over take by CIMB and drop to 4th... Hopeless...
3 days ago
@BlackDiamond:
> A good bank but run by a group of directionless fools!😭😭😭
Why do you say they are directionless?
3 days ago
PBB not run by family all the while, how come out of sudden related this to the family lol, anyone notice the Teh family inside the boardroom or the management team, as I know, I don't see any.......
3 days ago
ken2004
PBB not run by family all the while, how come out of sudden related this to the family lol, anyone notice the Teh family inside the boardroom or the management team, as I know, I don't see any.....
Sound like Teh family is going to participate don't you think!!!
2 days ago
Anyway buy low sell high.
But how low is low to get positioning? averaging low strategy ?
2 days ago
I believe the management team don't change all this while which even after the passing of the chairman, nothing changes in the bank leadership with the exception of the share holdings, different major shareholders, this is what I read from the news, so out of sudden to said related to mismanagement of the family, totally like absurd to me
2 days ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$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%.
2 days 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 day 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 day 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/
10 hours ago
Actually, realize banking stocks drop, not really on pbb alone, mbb also like drop.....
10 hours 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!
7 hours 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.
6 hours ago
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Yes, quickly get on board, very difficult to get this color today.
2 weeks ago