Analysts see lower profit for Public Bank

URL: http://biz.thestar.com.my/news/story.asp?f...10&sec=business

I just bought this share a few days ago with 8.65 per unit..

what's your future prospect for the share ?

definitely i can see that it's going high in long term..
offering positive investment attributes, Public Bank remains
a Buy on weakness with an unchanged 12-month TP of
RM8.90.

That is only bullshit among the analysts....They just simply put a figure...This counter is a good counter which offered good yield just that within these 2 - 3 years you may not see any price increase for this counter just that don buy this xcounter for the sake of these analyst research

IC..
thanks for the advise.. I'll keep in mind on dat..

Sorry to tell you, the TP doesn't make sense with its buy call.

It one is setting a TP of 8.90, now share price is 8.60~8.80, you don't put a buy call on it. The most higher is put a hold call only.

Don't mean it is not good or good instead it is one of several good stock that can withstand the recession impact, although profit might be dropping in line with overall market.
Just the rating doesn't make a lot of sense.

My opinion, I don't like TP set by a lot of research houses, often they changed their tone overnight when something wrong, by then it is rather meaningless of the TP set. While when TP being reached, they changed it higher and higher.

You invest in a company, you expect to grow with the company with no upside limit. You only sell when the company fundamental goes wrong. That's why you don't need a TP, but you need a price range (which research houses should put up, my opinion, instead of TP) that is cheap in order to get an idea based on fundamental, a this price range, the stock could potential yield good return.

This post has been edited by cherroy: Jan 25 2009, 06:57 AM

Well, that's what stock is all about, we can only forecast and predict, but at the end of the day, only god knows..

we can't predict or forecast share price, as there is no absolute formula for that, it is just a market driven by the supply and demand, when market overall bull, those analyst will put higer TP and when the market is overall bearsih, the those analyst will lower its TP...
so i guess they are "Horse after the cannon"......


seems like most of ppl just bought this share recently and why during the counter drop until 7.85 and also price hanging around 8.15 to 8.45, no one care about it....,

With a bearish market like now, I think PBBANK has a stable flow compare to other stocks..

the price is getting up. It's 8.75 now..

So at what price is public bank worth buying??? nothing much activity going on

Not that good news for PBB stocks.... http://www.theedgedaily.com/cms/content.js...6866d0-24c8693a

Time to sell now.... time to see test whether Pbbank can drop below 8.00 and probably reach the bottom of 7.10

Hmm.. i might take this seriously..

PBBANK today reached 9.05

public bank is best perform bank and best stock in malaysia that i have own so far.
just to share with u all.
good company will hold thru bad time just like 1295.
i dont even think twice when price fall below 8.5 rm i just kept buy.
i believe i will continue to buy if it below8.50rm.

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Added on February 10, 2009, 11:11 pmpublic bank is best perform bank and best stock in malaysia that i have own so far.
just to share with u all.
good company will hold thru bad time just like 1295.
i dont even think twice when price fall below 8.5 rm i will keep buying.
i believe i will continue to buy if it below8.50rm.

This post has been edited by normanTE: Feb 10 2009, 11:11 PM

Bro cherroy,

My 2 cents ya ...
U cant blame those research analysts ...
Of coz they furnish the numbers ...

They give a TP for stock A , when it trigger the price, the revise the TP higher,,,
Research Analyst is a dept to uphold their stockbroking arm dept....
if they dun give a higher TP, what else to goreng... ?

Investment Bank also need to keluar gaji .... hahaha .... we dun goreng , where got brokerage ....
They just change the indicators mar ... apa susah ...

Summore if they are the sponsors for certain of listed companies how do they calculate the tp for us to goreng ?
haha

If some unexpected phenomnon happens , they will change calculation immediately ... of coz ....
they are given rating by RAM ... of coz must fast fast adjust if got new info or stock price go against them ....
they need credibility also ....

factored in the price and discounted it .... but i m interested in the indicators they are putting in to calculate the TP..
see how much they goreng the info ...

I bought it at 8.65. When should i sell this? 9.20 perhaps?

Puchase price 8.65
assume qty 1k
brokerage rate 0.42%
breakeven = 8.749

if sell @ 9.2 = 451.69 profit. = 5.22% return (i duno how long u had hold this share) ...

par value RM1

PBB is giving treasury share 1 : 35 and dividend 25cents at 26/2

PBB is the best manage bank in msia with the lowest npl .
Not advisable to sell yet... it will yields to you long term.
Dow drop 380 points PBB still holding strong unchange with high volume due to dividend given ...

2 cents