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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  Public Bank    PBBANK   MYL1295OO004

PUBLIC BANK

(PBBANK)
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Public Bank : 1Q Profit Down 5.7% on Lower Rates

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05/22/2020 | 01:06am EDT

By Chester Tay

Malaysia's Public Bank Bhd said first quarter net profit fell 5.7% due to lower interest rates.

Net profit for the January-March quarter was 1.33 billion ringgit ($305.8 million), the bank said Friday. Net interest income declined 0.5% to MYR1.84 billion.

Public Bank said loans growth is expected to be moderate in 2020 because of challenging economic conditions stemming from the coronavirus pandemic.

However, the bank expects to sustain its market position in domestic residential property financing and vehicle hire purchase financing.

 

Write to Chester Tay at chester.tay@wsj.com

 

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Financials
Sales 2020 10 595 M 2 489 M 2 489 M
Net income 2020 4 731 M 1 111 M 1 111 M
Net Debt 2020 - - -
P/E ratio 2020 14,4x
Yield 2020 3,62%
Capitalization 67 937 M 15 901 M 15 959 M
EV / Sales 2019
Capi. / Sales 2020 6,41x
Nbr of Employees 19 260
Free-Float 58,1%
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Technical analysis trends PUBLIC BANK
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 16,46 MYR
Last Close Price 17,50 MYR
Spread / Highest target 9,31%
Spread / Average Target -5,96%
Spread / Lowest Target -40,0%
EPS Revisions
Managers
NameTitle
Ah Lek Tay Chief Executive Officer, MD & Executive Director
Wan Lai Independent Non-Executive Chairman
Siew Yen Chang Co-Chief Operating Officer
Sulaiman bin Abdul Manap Co-Chief Operating Officer
Sook Ling Yik Chief Financial Officer & Head-Finance Division
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