Market Perform, TP: RM16.80

http://www.kenangaresearch.com/attachfile/...K-130123-CU.pdf

Waiting for their financial report for Year 2012. Looks like they are "late" this time.

Ready for surprises?

good question. somebody finally retiring?

Public Bank's earning ups slightly, declares 30 sen dividend.

No hope to add more?

I hope they are declaring treasury as well... not split.

I think they mentioned before - not enough treasury shares.

I didn't recall reading anywhere in their report, but well...

Anyway, the price has re-bounced. Let's hope it's gonna go back to 16.40!

Hi guys, price has breached "target price" of RM16.80, any upside further?

Hold as long as it is on the uptrend.

Public Bank plans to issue RM10bil debt notes, rated AA1

Public Bank Bhd’s proposed issuance of medium-term debt notes of up to RM10bil has been given a preliminary long-term rating of AA1 by RAM Ratings.

At the same time, RAM said on Thursday it was reaffirming Public Bank’s respective long- and short-term financial institution ratings at AAA and P1, along with the respective ratings of Public Bank’s and PBFIN Berhad’s outstanding debt instruments.

All the long-term ratings have a stable outlook, it said.

“The subordinated debts to be issued under the proposed subordinated debt programme are Basel III-compliant and have a non-viability loss-absorption feature. We opine that the likelihood of a Malaysian bank being non-viable is sufficiently reflected in its long-term financial institution rating.

“This view takes into account RAM’s interpretation of circumstances that will constitute a non-viability event in Malaysia, as articulated by Bank Negara Malaysia in its Capital Adequacy Framework on Capital Components.

“The subordinated debts issued under the Proposed Subordinated Debt Programme are rated 1 notch below Public Bank’s long-term financial institution rating, reflecting their lower priority relative to senior unsecured creditors when it comes to claims in the event of bankruptcy or liquidation,” it explained.

PBB price has gone up steadily over the past week, today rise another 22 sen to RM17.32. Any news in the pipeline?

There's might be some funds are shifting from Maybank to PBB. Maybank Indon faced a heavy write off (impairment).

Also PBB announce interim single tier dividend of 22% & better financial performance.

Ya, just managed to look at this article:
http://www.thestar.com.my/Business/Busines...ecord-high.aspx

PBBANK – Q2 2013 Financial Report (http://www.bursamalaysia.com/market/listed-companies/company-announcements/1357137) on 23 Jul 2013

Analysis Report – http://lcchong.files.wordpress.com/2013/07...ank-q2-2013.pdf or more (http://lcchong.wordpress.com/knowledge-sharing/)

Today (23/9/13) closed at RM17.90, down 2c

davinz18 Kindly refrain from posting the closing price of several different counters over several different threads. Thanks.

Quah likely Public Bank's future MD and CEO

Public Bank Bhd looks to have settled one aspect of its succession planning when it recently appointed Quah Poh Keat as deputy chief executive officer II.

The appointment of Quah, a former independent director of the bank, suggests he could be a leading candidate to succeed managing director and chief executive officer Tan Sri Tay Ah Lek when he retires.

With the appointment, effective Oct 1, Quah, 61, joined the board executive committee of the bank comprising chairman and founder Tan Sri Teh Hong Piow, Tay and Datuk Seri Lee Kong Lam, the deputy CEO of the bank and an executive director.

According to Public Bank’s website, Quah, a qualified accountant with more than 30 years of experience, was a partner and senior partner of KPMG in Malaysia for 25 years.

Prior to being appointed to an executive position in Public Bank, he had been an independent director of the bank from July 2008.

Quah is also a board member of several subsidiary companies of the bank.

will he bring better future to public bank? public bank is my best blue-chip stock.

Definitely

Should we accumulate more in this share?