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Public Bank 1Q Earnings Soar 23% Y/Y to 1.71B Ringgit: 15 Buys, 3 Holds, 3 Sells

  • Public Bank reported a 1Q net income of 1.71 billion Ringgit, a 23% increase from the 1.40 billion Ringgit reported the previous year.
  • Revenue for the same period increased by 25%, totalling 6.12 billion Ringgit.
  • Analysts have given the company a rating of 15 buys, 3 holds, and 3 sells.

A look at Public Bank‘s Smart Scores

Public Bank Berhad is a leading provider of banking and financial services in the Asia-Pacific region. With a Smartkarma Smart Score of 3 for Value, 4 for Dividend, 2 for Growth, 2 for Resilience, and 3 for Momentum, the long-term outlook for Public Bank is positive. The bank is well-positioned to benefit from the increasing demand for banking services across the region, with branches in Hong Kong, Sri Lanka, Laos, Cambodia, and Vietnam. Public Bank is committed to delivering excellent customer service, and provides leasing and factoring, stock and futures broking, and financing for the purchase of licensed public vehicles, amongst other financial services.

The Smartkarma Smart Score of 4 for Dividend, in particular, is a sign of the bank’s commitment to delivering attractive returns to its investors. Public Bank‘s established presence in the region, combined with its commitment to offering quality services, suggest that the bank has a bright long-term outlook, and is well-placed to benefit from the increasing demand for banking services in the Asia-Pacific region.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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