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...

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Although I am under performing I'm still proud of it. I believe it will outperform in the future. 🔮
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Here are the highlight results from March till June  :
Early of March I was in doubt with moomoo a...

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