External broker reports(aggregated public sources), Public Investment Bank Bhd

Public Investment Bank Bhd

External broker reports(aggregated public sources)

Public Investment Bank Berhad provides investment banking services. The Company offers corporate finance, banking, securities financing, capital market, treasury, and advisory services.

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Equity Bottom-Up

<ul><li>The Group reported a steady 4QFY22 core net profit of RM391.7m (+428.0% YoY, - 2.9% QoQ), with the stronger YoY performance due to heftier loan loss provisions undertaken last year.</li><li>Cumulative FY22 core net profit of RM1.50bn (+59.8% YoY) is ahead of our and consensus expectations at 106% and 108% of full-year estimates respectively, largely due to lower-than-expected tax charges despite the imposition Cukai Makmur.</li><li>Income growth remains encouraging, with topline underpinned by a broad-based loans growth. We lift FY23/FY24 estimates by ~8% on average to adjust for stronger loans growth and lower credit costs.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The Group reported a steady 4QFY22 core net profit of RM391.7m (+428.0% YoY, - 2.9% QoQ), with the stronger YoY performance due to heftier loan loss provisions undertaken last year.Cumulative FY22 core net profit of RM1.50bn (+59.8% YoY) is ahead of our and consensus expectations at 106% and 108% of full-year estimates respectively, largely due to lower-than-expected tax charges despite the imposition Cukai Makmur.Income growth remains encouraging, with topline underpinned by a broad-based loans growth. We lift FY23/FY24 estimates by ~8% on average to adjust for stronger loans growth and lower credit costs.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Malaysia

AMMB Holdings Berhad is an investment holding company.  The Company, through its subsidiaries, provides merchant and commercial banking, retail financing, stock and futures broking, and investment advisory. AMMB also underwrites general insurance, provides asset and unit trust management, and nominees services.

AMMB Holdings (AMM MK)

Ammb Holdings Berhad - Steady Progress

The Group reported a steady 4QFY22 core net profit of RM391.7m (+428.0% YoY, - 2.9% QoQ), with the stronger YoY performance due to heftier loan...

Public Investment Bank Bhd