below 8 ?? i'd no idea what KLCI gonna be by that time

Unless the NPL really increased tremendously for public bank which i think is impossible as Public bank credit control is tight. They sure don want to follow lehmans track....Current NPL stay at 2.3 % only for public bank.

Lowering down in interest rate which is not possible at the moment....

Pbbank will drop in below condition

1. Dividend become lesser with profit shrink (as you need profit to pay consistent dividend), so high dvidend alone is not enough, you need profit to support it.

2. Economy run into recession resulted no loan growth and NPL become higher. Pbbank has the best NPL ratio among the banks locally, but even with tight lending practice, NPL ratio will move according to the economy condition, no one will spare from it if economy is in recession, just degree more and less.

In current bear market, dividend yield is the ultimate support for any stocks.

Ya . Public certainly will drop but i think will not reached until Rm 8.00 unless the NPL rate really increase tremendously...DIVIDEDN stock will less affected by current situation. Growth stock will be affected the most due to slowing down. Thats y i think famous growth stock like IOI Genting, resorts, still got way to go down ... Whereas for dividend stock still can keep..

I hope by the time KLCI reaches 800pts, PBB will be less than RM8.

Don think too simple k... The price of PBB is not base the KLSE index... It is base on the whole company profile which means how is the profit for the whole company. At current situation, only stock which is overvalued will plummeted the most...

This post has been edited by darkknight81: Sep 18 2008, 01:28 PM

aiyoyooyyo

panamy still holding steadily

so does tobacco stock JTINTER

so stubborn to go down

[quote=panasonic88,Sep 18 2008, 01:54 PM]
so does tobacco stock JTINTER

so stubborn to go down

[/quote

The said stocks still solid although most of the price of the stocks today plunged. I think the stocks will only undermine when KLCI falls till severe.

I am monitoring this counter too

Touch wood, now sliding liao after talk about it.

i lol! pantang rite

so i one day talk once lo..

I checked the thestar.com.my>Bursa Malaysia > Finance and found 2 counters related to PBB. They are:
PBBANK
PBBANKO1

Now when I look at the Financial Statements in the Annual Report, there are 2 columns. One is for "Group" and the other is for "Bank". Which set of financial numbers should I look at?

Is the PBBANK = Bank while the PBBANKO1 = Group?

PBBANK is local while PBBANKO1 is foreign, not much difference though because both also same entity.
Group means the holdings company while Company means the particular company you looking at.
It is common for annual reports to segregate the earnings report for Group and Company.

Ya, but do I use the Bank EPS or the Group EPS to calculate PE ratio for PBBank?

Also, I couldn't find a 5 year forecast Income Statement, Balance Sheet and Cash Flows. Is this not required by the regulators?

This post has been edited by simplesmile: Sep 21 2008, 10:55 PM

dowjone plunged 777 point almost 7% on 29/9/08, public bank only drop to rm9.6 for a second, as i check on my screen, seemed this stock is tough to get to it fair value rm 8....

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Added on October 2, 2008, 11:10 pmin next one hour it not only above it average price 9.85-9.90 yet it touch it support at rm10 again

so is fundamental not working here.

This post has been edited by normanTE: Oct 2 2008, 11:10 PM

You haven do any fundamental analysis how can you derive that fundamental not working for this counter?

You got to see how is the impact of US current crisis going to affect public bank earnings?

By looking at US stock plunged does not give you any idea at all... But i can say the impact is there but is a shockwave effect

I have a feeling PBB is buying back their own shares, hence that's why the share price falls and goes back up again.

Brother,

Don forget most of public mutual top 5 investments are public bank..Sure they use public mutual (investor money) to support their share...