【Public Bank 交流专区 2】又得奖了

ThermoFisher

我的家人朋友还健在，我是不会寂寞的。。。。

悶蛋

原帖由 ThermoFisher 于 12-5-2008 10:35 AM 发表
我的家人朋友还健在，我是不会寂寞的。。。。

成功男人背后总要有一个女人嘛
不过鱼大,怎么在三十岁像你一样拥有两百万

ThermoFisher

我还没有成功，所以背后有没有女人不重要，有钱比较实际。。。

无花

的确有听说过大众的一位专用名模. 78岁的老人家,你认为还能怎样??? :lol

无花

那楼的楼主自己都搞不清楚自己的数字, 你要人家如何回答??

ThermoFisher

老当益壮喔。。。。

chon

原帖由 ThermoFisher 于 12-5-2008 10:14 AM 发表
你也不差嘛，70％投资在大众银行，可以去马六甲跟你一起庆祝了..

第一阶段的目标已经达到了，现在正在策划下一个目标。。。

祝贺鱼大你身家步入七位数，
在马来西亚净资产超过七位数的只有区区的3.5%，
而鱼大你就是其中的一份子，而且还这么年青，
简直是令我觉得自己，，，，！

Mr.Business

恭喜！

12-05-2008: Public Bank No 1 in market cap
by Yong Yen Nie & Sharmila Ganapathy

PETALING JAYA: Public Bank Bhd recently overtook Malayan Banking Bhd (Maybank) as the country’s largest banking group in terms of market capitalisation, but still trails the latter in asset terms.

Maybank has total assets of RM256.66 billion, compared with Public Bank’s assets of RM174.15 billion.

As of last Friday, according to Bloomberg data, Public Bank has a lead over Maybank, with a market capitalisation of RM41.67 billion versus the latter’s RM38.31 billion.

Currently, the top three banking and financial institution groups comprise Public Bank, Maybank and Bumiputra-Commerce Holdings Bhd, which still trails significantly behind the other two.

Analysts said Public Bank’s market capitalisation was now higher than Maybank’s, mainly due to the falling of the latter’s share price after announcing its proposed acquisition of a 15% stake in Pakistan’s MCB Bank Ltd for RM3.88 billion.

One analyst from Affin Research said investors’ adverse reaction towards the deal had prompted many of them to switch their investments to Public Bank, causing its market capitalisation to rise.

“Public Bank will be the country’s number one banking group, as long as Maybank’s share price continues to hover at RM7.80,” the analyst said.

According to the latest Bloomberg data, Public Bank has also become the country’s most expensive bank, with a price-to-book value of 4.23 times compared with Maybank’s trading multiple of 1.99 times and the local industry’s average of between two and 2.5 times.

Maybank rose 10 sen to close at RM7.85 on Friday, with a trading volume of 3.11 million shares, while Public Bank’s share price closed at a high of RM11.80, up 20 sen with 6.94 million shares changing hands.

Maybank’s share price fell to its lowest in four years last Tuesday to RM7.55, on the back of concerns that its entry into MCB was pricey which may result in less dividend payouts.

A total of 11 out of 13 research houses covering Public Bank between April 15 and May 2 had buy calls on the banking group, with target prices ranging between RM11.15 and RM13.40.

OSK Research analyst Chan Ken Yew said Public Bank’s high return on equity (ROE) of 23.1% had also increased valuation premium in the stock.

“Public Bank is also reaping the benefits of its acquisition in Asia Commercial Bank (ACB) two years ago and its increased presence in the Indo-China market,” he said.

In 2006, Public Bank, through its 64%-owned Hong Kong unit, JCG Holdings Ltd, outbid nine other parties to acquire a 100% stake in ACB, a small bank with just 12 branches for RM2.2 billion, which was about 2.5 times its price-to-book value.

Public Bank’s joint venture bank in Vietnam, VID Public Bank, had recently opened its seventh branch in Bien Hoa City, apart from other cities there, including Hanoi and Ho Chi Minh City.

Another analyst said Public Bank’s performance was also stronger across the board, apart from having a higher earnings visibility, which added to its attractiveness.

According to a report on Malaysian banks by Macquarie Research dated April 8, 2008, Public Bank had registered a stronger net interest income growth of 5.05% in FY07, compared with Maybank’s 3.22%.

Public Bank also had a higher net profit growth of 6.88% in FY07, while Maybank registered only 1.5% net profit growth in the same financial year.

Analysts had said they expected Public Bank to register a 15% net profit growth in FY08, driven by retail and small and medium enterprises loan growths, which made up of 66% of total loans as at March.

They also picked Public Bank as “most preferred stock” in the banking industry, given its high dividend payouts of between 84% and 89%.

The banking group had a strong asset quality with a low non-performing loan (NPL) ratio of 1.1% as at March 2008, and a provision cover over its gross NPLs of 119.5%, which rating agencies said was the strongest in the industry.

http://www.theedgedaily.com/cms/ ... a-d5276a00-3d92bda8

Mr.Business

新闻。

12-05-2008: Malaysian banks pricey compared to regional peers
by Sharmila Ganapathy & Yong Yen Nie

KUALA LUMPUR: While boasting strong fundamentals and earnings, Malaysian banks still offer pricey valuations in comparison to their Asean peers, making them expensive to foreign investors.

“Generally, investors look at the price to book value (PBV) ratio and in Malaysia they are still high although the PE (price to earnings) ratios are decent.

“The valuations range from 1.7 times to more than three times, so in that sense, Malaysian banks are pricey,” said Pong Teng Siew, head of research at MIMB Investment Bank.



According to Bloomberg data, the country’s two largest banks in terms of market capitalisation — namely Public Bank Bhd and Malayan Banking Bhd (Maybank) — were trading at 4.23 and 1.99 times to book value, respectively, last Friday.

An analyst with a local research house said Malaysian banks were less attractive to foreign institutional investors due to their high valuations. Valuations of local banks are even higher than that of its peers in Singapore and Thailand, the analyst pointed out.

“Bank valuations have come down at the moment, as they are merely reflecting the conditions of the current market,” the analyst said, adding that investors would have a better indication of bank valuations in the third quarter, as banking groups’ performances would be more visible during this period.

In comparison, Singapore’s UOB Bank was trading at 1.88 times book value and Thailand’s Bangkok Bank was trading at 1.48 times.

While Abu Dhabi Commercial Bank (ADCB) recently took up a 25% stake in RHB Capital Bhd from the Employees Provident Fund (EPF), MIMB’s Pong said this was an exceptional case as Abu Dhabi was keen on the resulting Islamic banking opportunities.

The analyst with the local research house said prospects of foreign institutional investors coming to the Malaysian banking sector would dwindle as valuations of banks increased over time.

Foreign institutional investors interested in acquiring a strategic stake in local banks would have to be big banking players such as Chinese banks, given their strong cash position and big appetite, the analyst said.

Some local banks such as Public Bank, have a foreign shareholding limit of 30%, making it tough for foreign entrants to acquire a strategic stake in the banking group, the analyst said.

The analyst highlighted that Malaysia’s banking landscape had become increasingly saturated, resulting in more local banking groups seeking opportunities abroad.

“For instance, local banks can no longer boast that they have the net interest margin that Indonesian and Pakistani banks have,” the analyst said.

But while foreign institutional investors are not rushing in to buy into Malaysian banks as yet, Pong said domestic banks were still on the radar of foreign portfolio investors, particularly the large and liquid ones like Public Bank and Maybank.

“Maybank’s recent high-priced acquisitions (in Indonesia and Pakistan) have not gone down well with portfolio investors. However, its long terms prospects are not likely to be damaged,” he said.

An April 14 report by Macquarie Research underscored investor concerns about the Malaysian banking landscape.

Based on feedback on Asean banks from Macquarie’s clients in the US, they were most receptive to Thailand banks and least keen on Malaysian banks, according to the report.

“Moderating loan growth, falling margins, weaker non-interest income and risk to higher operating expenses underscore the pressure on underlying profits.

“This situation is compounded by the uncertainty posed by the challenging political landscape that could potentially delay the various government initiatives (the Ninth Malaysia plan and civil servants pay hike),” said Macquarie in the report.

The research house named Public Bank and AMMB Holdings Bhd as its sole outperformers.

Investors were seeking political clarity following the recent elections in Malaysia, with some wondering why Maybank had paid an exorbitant sum for Bank Internasional Indonesia, said Macquarie.

The research house said it preferred Thailand due to a favourable top down assessment arising from political stability and anticipation that it will likely be the sole country to see faster gross domestic product (GDP) growth this year.

“We believe banks are a good way to play the anticipated economic recovery, where we see a strengthening domestic demand story encapsulated by a rebound in consumer spending and spilling over to private and government spending. We expect faster loan and revenue growth (in Thailand),” Macquarie said.

The research house also liked Singaporean banks due to its strong fundamentals despite pressure on margins and loan growth. It expected economic resiliency in the Philippines despite concerns over politics, inflation and remittance flow; and expected strong loan growth.

Indonesian banks meanwhile, despite inflation concerns, remained attractive due to the lowest loan penetration, fastest loan growth, fattest margins and highest return on equity (ROE) in the region, Macquarie said.

http://www.theedgedaily.com/cms/ ... a-d5276a00-767f1213

甲洞四大才子

RM12.00了!!　很后悔没进.．．　

publicpang

12也可以买啊........

阿圆

有同感， 不懂等到RM13 或 RM15 时， 会不会后悔， RM12.00 没进了.

[ 本帖最后由 阿圆 于 12-5-2008 08:01 PM 编辑 ]

ekaj

要换政府liao... 到时会不会大跌?

ThermoFisher

那只是一个数字而已，人生还有很多梦想值得我们去追求，恭喜你又要做爸爸了，真幸福喔。。。

悶蛋

原帖由 ThermoFisher 于 12-5-2008 11:12 PM 发表
那只是一个数字而已，人生还有很多梦想值得我们去追求，恭喜你又要做爸爸了，真幸福喔。。。

对咯对咯,花得钱又要更多了,
要追上我鱼大,下辈子吧
别忘了大众只是占我身家的40%而已

[ 本帖最后由 悶蛋 于 13-5-2008 11:19 AM 编辑 ]

无花

三大银行的第一季度的财政报告终于出炉了.
老虎和CIMB的盈利都下滑, 只有"失衡"的还保持强劲.
艾芬今天也公布了,成绩有进步.几家小行都表现相当得好.

chong--kl

我6块多买时， remisier 还说现在价有点高， 等跌了一些才进。
好彩我没听他的。
后来我买megan, 他说这件公司有问题， 千万不要买！
我也没听他的， 结果。。。

现在他提议我买 sime..

原帖由 甲洞四大才子 于 12-5-2008 06:18 PM 发表
RM12.00了!!　很后悔没进.．．　

publicpang

那这次你有听他的吗.....?

无花

如果要买种植股我会选IOI, KLK或是BKAWAN. 绝对不会选SIME.

liangliang5277

假如現在我有一粒大衆股票的話,一年我最少能的到多少？