🏦 Public Bank: Second quarter results – Upgraded ROE guidance
Macquarie Equities Research (MQ Research) released a flashnote yesterday, after the release of Public Bank’s (PBBANK) second quarter earnings. PBBANK reported a second quarter adjusted net profit (NP) of RM1.78bn (+10% y/y, +8% q/q), in line with MQ Research’s and ahead of consensus full-year expectations.
As of the time of writing, Macquarie Warrants Malaysia’s call warrant PBBANK-C1C has gained 12.5% to RM0.090, in line with the 1.9% rise in PBBANK shares this morning.
Further, highlighted in our article yesterday were call warrants CIMB-C1M, CIMB-C1Q and MAYBANKC1H. Investors should note that CIMB and MAYBANK will be releasing their earnings in the coming days this week.
Investors who wish to gain leveraged exposure to these Malaysian banks before their earnings release may consider our call warrants over these underlyings.
📌 Read on for more: https://tinyurl.com/5bj464cr
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