Considering that EPF owned RHB and EPF has interest up to 10% in PBB, maybe EPF might be interested to make PBB another GLC.

Can pay more with Rakyat's monies and pay peanuts as dividend to Rakyat.

Dreamer,

What is the price of MayBank and CIMB ? Ponders.

Of course you should not consider the other EPF owned company - MBSB.

Maybe there should not be GLC at all to ensure a healthy business enviroment.

I have some investment in PBB, Magnum, BJToto and PBA. Eyeing to purchase LPI and more of PBB shares right now, any tips on when to go in? Before or after dividend ?

Looking to expand my investment horizon since I am currently split my investment in shares & unit trusts.

Movement of PBBank price is due to the positive light from LPI in its' profit and dividend yield.

It is norm that LPI comes out first then PBBank. FYI : LPI has substantial PBBank Shares that is fully recognised since the dividend has already paid down the purchase price.

Latest News :

Bank Negara Malaysia approves ING & PBB Group's Joint Application for Family Takaful Licence

ING Management Holdings (Malaysia) Sdn Bhd (ING), Public Bank Berhad (PBB) and Public Islamic Bank Berhad (PIBB) (a wholly-owned subsidiary of PBB) are pleased to announce that the companies’ joint application for a Family Takaful licence has been approved by Bank Negara Malaysia (BNM).

ING, PBB and PIBB will set up a joint venture company to carry out the family takaful business with equity participation of 60% (ING); 20% (PBB) and 20% (PIBB). The joint venture company will focus on increasing the Takaful penetration domestically and to develop Malaysia as an international Islamic financial hub. The joint venture will leverage on ING and the PBB Group’s leadership and existing infrastructure in the financial industry.

The joint venture company is envisaged to be a leading Family Takaful provider with a built up Takaful agency force of 15 000 agents in the long term; the Takaful products will be promoted via the multi distribution channel of Tied Agency, Bancatakaful and Employee Benefits which currently exists in ING and the PBB Group.

The joint venture company is targeted to be fully operational by the first half of 2011, and shall further contribute towards the Malaysia International Islamic Financial Centre’s aspiration to establish Malaysia as the centre for takaful and retakaful.

ING and the PBB Group officially began their 10-year strategic Bancassurance alliance in 2008 and together, ING and the PBB Group have become the fastest growing Bancassurance provider in the country. The award of the Family Takaful licence is a significant step for ING and the PBB Group as the companies enter the growing Islamic financial services market, offering consumers greater choice and responding to the market’s growing needs and potential.


Source : http://ww2.publicbank.com.my/cnt_press336.html