Distant, though only 2 months ago...

I bought some at 9.20 a bit more distant. There are many lucky ones bought at 7.xx and 8.xx

I bought before financial crisis, sept 08. ABP 9+ but collected dividend + share dividend.

i bot since 1996, never sell

let's pray for good health and long live for Teh HP

Wah, must have collect back your capital.

haha. from 50 cents share become one ringgit share, a few round of bonus issues, handsome div......

How i wish Teh HP is 20 years younger but .........

So now hv to see wat is Teh exit strategy ...... and hopefully he get a good deal for the minority oso

it is 11.46 right now.

had I miss the good time to buy? or should just wait for few more months? Do you guy think it will come down after some times in this year?

Even if Teh resign, I believe Public Bank will continue to thrive because I believe his top management will continue to run this bank well. A well run business for decades won't suddenly collapse just because the founder is exiting the business. Look at Microsoft, Genting etc.

This post has been edited by DanielW: Jan 14 2010, 03:46 PM

Agreed....Tay Ah Lek has more than proven himself, I believe he will take over from Teh Hong Piow. After that, not so sure already

I do see that in few months time you would be looking back at today and feel that you should have buy lolz

Tay Ah Lek also not young anymore. In his 60's?
But I agree that, big companies like this should have good succession plans.

Ya lah, but at least got him lar....Then it's his turn to groom new successor. Maybe they hire Tan Sri Tan Teong Hean (former Southern Bank boss) out of retirement

Dunno whether I can apply for the CEO post or not
If I'm the CEO, will goreng the price till 2x or 3x than now

Hi goodsense, seems you are new in the forum.

I did not see anyone reply the question for you. That's probably because no one can answer it in a definite way.

Is it a good time to buy? --> Well, if you bought now and it went down, what are you going to do? Average down or sell?

Wait a few more months? --> If some one told you wait, then it went up to 13.00, you would not find that a good advice.

Does anyone think it will come down after some time this year? --> Tough, come down from where. If it went up to 14.00 in May, and drop back to 12.00 later on, you would still be in square one...

The decision is up to you of course, but if you are one who is out to invest in PBBank, its not a bad stock. So far they've given a good dividend and is a strong solid bank counter. Some have bought early on an average up, some have bought high and still average down.

Do your research, read magazines, go through forums and den make the decision. Happy Research!

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Added on January 14, 2010, 8:34 pmEh...then like dat declare ho liao divvy lah....We all also help you goreng PBBank...


This post has been edited by VyvernS: Jan 14 2010, 08:34 PM

If I become only lo. And I will eat up market share of other banks in Malaysia. Then you all can expect div higher than BAT

Are we now in dreamland

Cannot la Tan Teong Hean name spoiled d.... He got CBT charges against him after SBB was bought over by CIMB

Easily said than done. Teh's moves in recent years were to goreng the price to a certain extend

Tan Sri Teh long time adi stopped micromanaging PBB.....

He still plays an important role in the day to day operations and the governance

Tay AK is just a doer, not so much a strategic thinker, to survive in Malaysia Banking, strategic thinker is important.

if u ask senior management, Teh HP is still very much hands on, he even look at loan portfolio, and approval of loan, to that extend. He attended mgmt meeting weekly......

Genting is having a very good succession planing, uncle Lim pass to his son year b4 he pass away. And his son is running the show independantly...... he is no longer hands on after pass over the baton.

In microsoft case, bill gate and his founder group still in control, and he is not old enuf to worry about succession .