Stock Name: PBBANK
Company Name: PUBLIC BANK BHD
Company Name: PUBLIC BANK BHD
| Research House: ECMLIBRA | Price Call: HOLD | Target Price: 13.00 |
Public Bank Bhd (PBK MK, Hold, TP: RM13.00) is confident of retaining its leadership position in domestic lending and will continue to pay about half of its earnings as dividends while retaining the rest for its capital requirement. "The bank will continue to sustain its market leadership position in domestic lending for residential mortgages, commercial property financing and passenger vehicle financing," Chairman Tan Sri Teh Hong Piow said, adding that the group will stay focused on its organic growth strategies in Malaysia to grow retail loans and consumer deposits. (Financial Daily)
Source: ECM Newz Bits 20 March 2012
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