After the valuation dropped by 30%, Xiaomo: Can take advantage of the low price to absorb Public Bank
J.P. Morgan believes that public banks have stable performance prospects $PBBANK(1295.MY)$ After experiencing a long period of downturn in stock prices, its value has been undervalued, so its rating was raised to “increase holdings.”
Moreover, Public Bank has also become one of the Malaysian stocks preferred and recommended by Xiaomo.
Analysts at J.P. Morgan Chase pointed out that in the past 5 years, in the face of investors' concerns about its lagging technology, insufficient growth momentum, and equity ownership issues left by the late founder Tan Sri Zheng Hongbiao, the valuation fell by about 30% during the period, to 11 times the estimated capital-to-profit ratio or 1.31 times the estimated stock price-to-book value ratio (P/B).
However, the analyst believes that Volkswagen Bank's performance prospects are stable, and future valuations are expected to rebound under favorable support such as a stable loan market share of about 17% and stable net interest earnings (NIM).
“Public Bank's domestic loan market share has stabilized at 17.5%. Among them, the market share of housing loans, car loans, and corporate loans is at high levels of 20.4%, 31%, and 32.3%, respectively. Coupled with an annual loan growth of around 6%, this impressive performance shows the bank's strong competitiveness in various core markets.”
SUBJECT: HEALTHY GROWTH
At the same time, analysts said that the increase in total managed asset value (AUM) and revenue of the Volkswagen Trust Fund business, as well as growth in low-risk areas such as mortgages, foreign cars, and small and medium-sized enterprise (SME) loans, will also drive the future of Volkswagen Bank...

$HIBISCS(5199.MY)$ dun enter

$PBBANK(1295.MY)$ Hello get up, walk & run. Your peers are up & walking, some running

$PBBANK(1295.MY)$
is no brainer that since BNM hike the rates, Banks start to earn extra money from existing loan. No need to churn more sales or activities, is like giving a formula milk to baby after breastfeeding.  one thing to look for is when the interest will be cut , Banking sector will be back to normal dividend. Now , they still on steroid

$HIBISCS(5199.MY)$ buy at rm2.45 ??

$PBBANK(1295.MY)$ Are you guys still holding on?