Yup, that is if the interest rate reach near 10%. But for now its still far away from that at 6.75%. Ever a rate hike, it won't exceed 7.5%

Huh? Our rate is 3.5%, how come you're saying it's 6.75%?
We could be only seeing a maximum of 50 basis points to 4% if ever there's a hike, so no worries.
It would affect market a little, and that should be an entry point. No big deal

sorry i mean BLR

1295 PBBANK PUBLIC BANK BHD
Interim Dividend 30%

Entitlement Details:
Interim dividend of 30% less 26% income tax


Entitlement Type: Interim Dividend
Entitlement Date and Time: 05/08/2008 05:00 PM
Year Ending/Period Ending/Ended Date: 31/12/2008
EX Date: 01/08/2008
To SCANS Date:
Payment Date: 13/08/2008
Interest Payment Period:
Rights Issue Price: 0.000
Trading of Rights Start On:
Trading of Rights End On:
Stock Par Value: 1.00

wow... where did ya get it? so the dividend is 26% after tax?

i think is 30% of the par value 1.00. that is 0.30 minus 26% tax, that is 0.22. Thus if got 1,000 unit (big lot), u get RM220. Kanasai, profit below my estimate of 15-20%. Only 13.2%. Downgrade to hold.

This post has been edited by Singh_Kalan: Jul 17 2008, 06:30 PM

Public Bank Q2 net profit up 13.2% to RM593.5m

KUALA LUMPUR: Public Bank Bhd posted net profit of RM593.53mil for the second quarter ended June 30 this year, up 13.2% from a year ago.

Its revenue rose 3.78% to RM2.51bil from RM2.43bil while earnings per share was 17.69 sen, an increase from 15.62 sen. Its chairman Tan Sri Teh Hong Piow said in view of the sustained strong performance of the group, the board of directors had declared an interim gross dividend of 30%, which would result in a payout totalling RM745mil. The dividend would be paid on Aug 13.

“Pre-tax profit improved by 25% to RM1.76bil despite an increase of RM48mil in general allowance made due to the higher loan growth in the current period,” said

For the first half, net profit was RM1.31bil compared with RM1bil while revenue rose to RM5.15bil from RM4.57bil.

Teh said the record profit performance in the first half was contributed by strong growth in net interest and financing income and other operating income, partially offset by an increase in operating expenses and higher loan loss allowances due to higher business volumes.

He added the increase in loan loss allowances during the first half was mainly due to higher general allowance which increased by RM48mil arising from stronger loan growth as well as additional specific allowance made for old non-performing loan accounts secured by properties which are more than seven years in arrears.

He added these accounts were fully provided for with no value assigned to the collateral.

URL: http://biz.thestar.com.my/news/story.asp?f...13&sec=business

Huh? Looks like you are unsatisfied with PB's growth rate? Hehe.
For me, that amount is good enough. If PB can continue growing at that rate, it would be enormous in 10-20 years time.

---

Added on July 17, 2008, 9:49 pmSo, I see that the interim dividend has increased by 5 sen. Bravo!
In that case, if the final dividend + special dividend is still 50 sen, then the total for the year would be 80 sen.
At the closing price of RM10.30, that's a yield of 7.8%. Not too bad

This post has been edited by Jordy: Jul 17 2008, 09:49 PM

What I see is an ok result but revenue is a bit lightweight which might be a concern, although not big deal.

My opinion only.

Jordy,

Your yield is based on your purchase price. I bought at less than RM7.00. So, my yield is GREATER than 10%.

Dreamer

I am assuming IF someone had bought at that price. Of course, the lower your price, the higher your yield.
I am still looking for a price of below RM9 currently

PBB...one of my target oso
dividend yield is good
but...price is quite high for me now

PBBANK half year net profit UP 31%
Distributing 30 sens dividend

Huh?! Where you get that 31% figure? Or do you mean 13%?

nope Jordy, it is 31%

Petronas Dagangan is paying even more dividend, 33sen less tax at 25%, ex-date on 1st of August.
http://announcements.bursamalaysia.com/EDM...7F?OpenDocument

this is PBBANK discussion thread leh.

Sorry, i didn't mean to post something off-topic but I was just replying your statement because the 30sen font you were using is so big!

lol i was expecting a 20 to 25 sens interim (based on previous years dividend history), now they announced 30 sens