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Public Bank Berhad (KLSE: PBBANK) has experienced recent price declines, but analysts maintain a positive long-term outlook. Here’s an analysis based on current data: 
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? Stock Forecast & Target Price
• Current Price: Approximately RM4.54.
• Analyst Consensus:
• Average 12-Month Target: RM5.28 (16% upside).
• Range: RM4.44 to RM5.88.
• Consensus Rating: “Buy” from 25 analysts.    
• Institutional Upgrades:
• RHB Investment Bank: Upgraded to “Buy” with a target price of RM4.80.
• Maybank Investment Bank: Upgraded to “Buy” with a target price of RM5.05.  
The stock is currently trading below its 50-day average but above the 200-day average, suggesting a cautious short-term outlook with potential for long-term gains. 
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? Valuation & Earnings Outlook
• Price-to-Earnings (P/E) Ratio: 12.2x, slightly above the fair value estimate of 11.1x.
• Earnings Growth Forecast: Approximately 4.9% annually over the next three years.
• Return on Equity (ROE): Projected at 12.6% in three years.  
While not a high-growth stock, Public Bank offers stable earnings and solid fundamentals. 
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? Dividend Outlook & Bonus Potential
• Recent Dividend Increase: Final dividend raised to RM0.11, yielding 4.9%.
• Dividend Payout Ratio: Currently at 57%, with room for potential increases.  
There is no current indication of a bonus issue, but the bank’s strong capital position suggests potential for future dividend enhancements.
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? Summary
• Short-Term Outlook: Cautious due to recent technical indicators.
• Long-Term Outlook: Positive, supported by analyst upgrades and stable earnings.
• Dividend Prospects: Strong, with potential for further increases.
• Bonus Issue: No current plans announced.  
Investors seeking stability and consistent dividends may find Public Bank an attractive option, especially if monitoring for signs of technical recovery.
