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Thanks, Total Reset. Banks/financial institutions are indeed a different "beast" when it comes to valuations. Perhaps more emphasis given to its assets quality and NIM?
thanks for sharing, tiktok tan. Slow down in the semiconductor industry has been brewing since last year and underlying efforts to shift the global supply chain towards US/EU particularly IP products has been gaining momentum since last year :)
there is no fundamental impact apart from contagion/fear/panic, tbgreen :) As investors, we should welcome the opportunity from such market panic :) Just my opinions, could be wrong.
Its interesting how SVB failure is thought to be causing the same effect to Public Bank :) I guessed a lot more convincing is needed to make it the same :) Pbbank has approx 500bil assets and Public Mutual assets is approx 90 bil and contributed to less than 10% of Pbbank's profit. The recent Q4 report has the info of bonds/financial securities as part of its assets. And Pbbank adopted fair value hedging while SVB did not. Clients of SVB are different compared to Pbbank; hence all the difference in terms of assets and earnings.
manage your own positions well until the underlying current changes tide; started mid of last year and perhaps it has to do with the controlling stakes. It will be interesting to follow its development closely while tapping into the opportunity provided by market panic :)
Congrats to all long term shareholders. Almost there towards 100b market cap :) Maybank IB has upgraded Pbbank to "buy" with a target price of RM5.05. Cheers!
Commendable performance despite the margins compression in high interest rates environment. Could be a wise move for not having a dividend; saving it for what's coming second half of next year.
Its ok to be stingy as long as the board knows what they are doing, managed their assets well and the ability to anticipate and preposition the company towards what's coming. Your investment is in good hands. After all, revenue growth in all segment despite the margins compression :)
