Stock Name: PBBANK
Company Name: PUBLIC BANK BHD
Public Bank; Buy; RM13.80
Price Target: RM15.00 (Prev: RM14.90); PBKF MK
1Q12 result was within our and consensus' expectations despite accounting changes (MFRS 139). Raised FY12-14F earnings by 4-5% after reducing collective allowance. No dividends declared in the quarter. Maintain Buy; TP raised to RM15.00.
Source: HwangDBS Research - 19 April 2012
Company Name: PUBLIC BANK BHD
| Research House: HWANGDBS | Price Call: BUY | Target Price: 15.00 |
Public Bank; Buy; RM13.80
Price Target: RM15.00 (Prev: RM14.90); PBKF MK
1Q12 result was within our and consensus' expectations despite accounting changes (MFRS 139). Raised FY12-14F earnings by 4-5% after reducing collective allowance. No dividends declared in the quarter. Maintain Buy; TP raised to RM15.00.
Source: HwangDBS Research - 19 April 2012
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