Stock Name: PBBANK
Company Name: PUBLIC BANK BHD
Research House: RHB
KUALA LUMPUR: RHB Research Institute has retained its fair value of RM14.70 (based on target FY11 PER of 16 times) and Outperform call on PUBLIC BANK BHD [].
'We continue to like the stock for its above-industry growth and asset quality. This, in our view, would be further supported by factors such as the stock's high weightage in the FBM KLCI and a premium valuation gap that has narrowed vis-''-vis peers,' it said on Tuesday, Oct 19.
RHB Research said Public Bank, in its view, is the best proxy to the domestic economy in terms of loan growth.
Company Name: PUBLIC BANK BHD
Research House: RHB
KUALA LUMPUR: RHB Research Institute has retained its fair value of RM14.70 (based on target FY11 PER of 16 times) and Outperform call on PUBLIC BANK BHD [].
'We continue to like the stock for its above-industry growth and asset quality. This, in our view, would be further supported by factors such as the stock's high weightage in the FBM KLCI and a premium valuation gap that has narrowed vis-''-vis peers,' it said on Tuesday, Oct 19.
RHB Research said Public Bank, in its view, is the best proxy to the domestic economy in terms of loan growth.
No comments:
Post a Comment