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Overview
Financial Highlight
HeadlinesBusiness Background Public Bank Bhd is a Malaysian banking group that provides a range of financial products and services, including personal banking, commercial banking, Islamic banking, investment banking, share broking, trustee services, nominee services, sale and management of unit trust funds, bancassurance, and general insurance products. In additional to its mostly Malaysian operational presence, the bank is exposed to other Southeast Asian nations through some of its branches. Its strategy emphasizes organic growth in the retail banking business, particularly retail consumers and small and medium-size enterprises. The vast majority of its earning assets are in loans, advances, and financing.
  masterus Federal Reserve cuts interest rates by 0.25% – its first in a decade Fed chief Jerome Powell ‘let us down’, says Trump amid disappointment that rates were not cut harder. 01/08/2019 7:57 AM  tempus Very weird, the QR report supposed to be due by Jul 19. At current month, there will be heavy weight finance counters reporting their QR. The earnings might give further pressure to the KLCI. CIMB Maybank HLBank HLFG RHB PBB Also Palm Oil related counters might deliver not favorable result SimePlant KLK IOI Petronas related Petchem Petdag Petgas MISC 03/08/2019 2:06 PM  enigmatic [Breaker of Speculative Investing] Thank you for the drop. Accumulated some. Awaiting Aug dividend now. 03/08/2019 11:55 PM masterus The cost of the Hong Kong protests Protesters in protective gear holding up a symbolic yellow umbrella and an American flag while marching through the Sha Tin District in Hong Kong earlier in the month. Sights such as these are fuelling speculation about foreign involvement in the ongoing protests. What has happened in HK is that the protests’ demands have grown exponentially, bordering on calls to be independent and free from China. Tragically, it has also become more violent by the day. In calling for freedom of speech, citizens who disagreed with the protesters have found themselves beaten up, which seems to go against the grain. Read more at https://www.thestar.com.my/opinion/columnists/2019/08/04/the-cost-of-the-hong-kong-protests#5ufiIeeq5JjzMwL8.99 04/08/2019 3:57 PM RainT now the protesters in HK is not about extradition bill anymore they demand to be independence from China.... it is impossible to happen as far the HK government is tolerate with the protestors, what the protesters do is too far away already if other country or other government, these people will not able go too far as this China should have take action and send their soldier troops to HK to tame all the ridiculuos protestors 05/08/2019 12:48 PM masterus If I'm the government, I immediately declare darurat. Perintah bekurung. If this shit holes out making trouble around, just perintah askar2 to shooting them all. Just like shooting the zombies. No zombies, no infection, no problem. 05/08/2019 2:32 PM RainT pity the people if you are the government now the HK government hesitate to take harsh action is due to their image HK image on the world of financial center, freedom of speech, human rights, rules of law etc it is this few things that make HK outstanding in the eyes of the world if harsh action is taken, HK will collapse and die forever already heavy price need to be pay if harsh action taken let the Tiananmen history repeat again let HK people learn the hard lesson after than all its people will follow the government and the country will prosper as now in China currently pity those youngsters who die buta at Tiananmen Square, protest for what? get what? loss the life if now they alive, they can see how prosper and strong China is now in economy, military, defence, technology , manufacturing etc China now is world number 1 after few years will be number 1 so thats is why Donald Duck freak out and start trade war 05/08/2019 5:05 PM masterus Chinese companies relocating operations to Malaysia amid trade war ECONOMY Monday, 05 Aug 2019 3:30 PM MYT image: https://apicms.thestar.com.my/uploads/images/2019/08/05/194304.png KUALA LUMPUR: Companies in China are relocating most of their operations to Malaysia amid the country's trade war with the United States (US). IQI Global chief economist and Global player Shan Saeed said there were also a slew of Chinese investments going to Vietnam. 06/08/2019 8:08 AM masterus "Some economies are actually benefiting from this trade war. If you picked up an Economist magazine last November, it stated that some economies benefiting in the information and communications technology (ICT) and automobile sectors were from Malaysia, Thailand and Vietnam," he told Bernama. He also foresees the US-China trade war continuing. 06/08/2019 8:10 AM masterus "The Malaysian government is in control of the total economy and its balance sheet also looks very strong with investors still viewing the country favourably," he said. Shan said Malaysia's economy remained buoyant and is expected to end the year with an economic growth of around 4.5 per cent - 5.0 per cent. 06/08/2019 8:11 AM HK_protest PBB RM 10 many will feel happy with PH but more counters green not now? 07/08/2019 12:04 PM  Gerald Koh Public Bank: The price is cheaper. Should I buy now? http://www.geraldkohstockcharts.com/2019/08/07/public-bank-the-price-is-cheaper-can-i-buy-now/ 07/08/2019 1:40 PM tempus FKLCI is vulnerable this month. There is no sign of potential strength in any of the KLCI components in their upcoming QR release. Escape to safety. 07/08/2019 10:54 PM laychee Bank stocks in the world spooked by Hong Kong and Argentina problems today. 13/08/2019 10:59 AM prince4 US-CHINA Trade War market uncertain, local and foreign funds money would not flow in big cap and mid cap stock .because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold . Market money will flows in cheaper stock This is a opportunity in small cap cheaper stocks. sharks now start goreng lows price stock at bottom.. 13/08/2019 11:23 AM RainT Trump will let US economy to go into recession? US election going to in 2020 if US economy not good, he will not be elected when he will stop all this trade war 13/08/2019 12:33 PM RainT external worst economy sentiment + worst & useless PH = Msia going to big recession 13/08/2019 12:33 PM anzo888 great buying opportunity at this lvl. Public bank HK contribute only a small portion to its bottomline. Current lvl has almost factored in the worst case scenarios. rm20 should hold this downtrend only worries will be Wall Sreet performance n another rate cut by BNM which will affect banks bottomline 13/08/2019 12:45 PM Gerald Koh Pbbank just penetrated RM21 support. Downtrend. http://www.geraldkohstockcharts.com/2019/08/07/public-bank-the-price-is-cheaper-can-i-buy-now/ 13/08/2019 2:28 PM JN88 Don't waste time......wait RM15-17....next interest rate reduce will reduce profit of bank... 13/08/2019 10:19 PM JN88 This bank like to taking loan for people more than 0.5 million...or 1 million.....and above....they need to pay back.. 13/08/2019 10:21 PM  GreenTrade https://klse.i3investor.com/blogs/greentrade/219337.jsp Rebound will be imminent if Dow Jones closes up firmly tonight 14/08/2019 12:02 AM Jeffreyteck Can start thinking and imposing higher fees and charges? Already in close to oligopoly industry supported by the regulator. 14/08/2019 5:14 PM RedEagle Critically, as Jim Grant noted recently, the spread between the 10-year and three-month yields is an important indicator, James Bianco, president and eponym of Bianco Research LLC notes today. On six occasions over the past 50 years when the three-month yield exceeded that of the 10-year, economic recession invariably followed, commencing an average of 311 days after the initial signal. Finally, Joseph Carson, former Director of Global Economic Research, Alliance Bernstein, notes that recessions are far from being alike and their symptoms and causes differ over time. Despite its many shapes and sizes the historical regularity that an inverted Treasury yield curve has coincided with recession has raised concern now that yields on longer-dated Treasuries have fallen been below shorter-term yields for several months running. The power of the term spread to predict or anticipate economic recessions needs to be respected, but there are several new domestic and global factors that are present today, suggesting that the signaling effect from changes in the Treasury yield curve directly to the economy's future performance might not be as robust as it was past periods. First, this is the first economic cycle that involved a bond-buying program by the Federal Reserve. The quantitative bond-buying program produced a technical anchoring effect at the long-end of the bond market that was not present in prior cycles. While this program did not cause a yield curve inversion by itself it did result in a flatter yield curve than what otherwise would have been the case, and as a result, it would not take much force from other factors to trigger an inversion in the term spread of yields. Second, given the increased globalization of the financial markets the appeal and demand of long-dated US Treasury securities is often based on the yields available in other major economies. Long bond yields in a number of major economies (such Germany, Japan and France) are negative and many others (including the UK, Spain and Australia) are below 1% and that has led to an increase in global demand for long-dated US Treasury securities since yields in the US are in some cases 100 to 200 basis points over the yields of comparable maturities in other economies. That increased global demand for US securities is a new technical factor and unrelated to the performance of the US economy. Third, this is the first time the inversion of the Treasury curve occurred with nominal yields at the short and long end that were well below the growth in nominal income and GDP (or the economy's yield curve). Why is that important? There is a direct negative consequence to the economy's performance when the cost of borrowing exceeds the growth in nominal income. At that point, the cost of new borrowing starts to become too costly, leading to a slowdown or a decline in credit use, and a weaker economy. Although it is often overlooked, all of the Treasury yield curve inversions that have preceded recessions have coincided with an inversion in the economy's yield curve, or when short and long-term nominal rates were above the growth in nominal income and GDP. The fact that the Treasury yield curve has inverted at relatively low nominal yields, suggests that the interest rate channel is not producing the restrictive influences on the economy as it did during prior inversions and instead is actually providing a cushion (or stimulus) to the economy. Policymakers should take note of this unusual occurrence and not rush to ease policy further, saving its interest rate powder for another time. If the Treasury curve inversion is not producing a restrictive influence on the economy as it did in the past can the US still experience a recession? Yes, but it would come from different channels. The biggest recession risk today centers around the trade dispute between the US and China. Trade disputes have the potential to be very disruptive and contractionary and can operate through a number of channels, such as trade volumes and production, currencies and prices and asset markets. Of all of these channels, the biggest vulnerability for the US is the equity channel since the market value of equities relative to income and GDP is at record highs, providing consumers with vast sums of liquidity and wealth. If the imposition of new tariffs and the uncertainty over what may follow triggers a de-risking and rush to exit, sparking a sustained 25% to 30% correction in the equity market that by itself could trigger a recession as it would deal a substantial blow to consumer liquidity and wealth, and an abrupt and sharp decline in spending and confidence. That is not a forecast or a prediction but merely an observation that all recessions have been caused by some form of a demand shock, and the inverted yield curve merely highlighted the vulnerability of the economy to a potential bad outcome. 15/08/2019 12:36 AM prince4 US-CHINA Trade War market uncertain, local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold . TOP volume all low prices stocks.This is a opportunity ,markets money now flows in cheaper stocks. sharks now start goreng lows price stock at bottom.. 15/08/2019 9:41 AM anzo888 just when you tot pbb will go below 20, mr market proves otherwise. pbb still holding well above 20 though djia was down 800 pts a very clear signal pbb has seen its bottom? unless wall street keeps plunging, i got a feeling 20.36 will be history 15/08/2019 3:41 PM jenngu Dividend RM 0.33 , https://klse.i3investor.com/servlets/stk/annent/1295.jsp 15/08/2019 6:36 PM patient_invest PBB bank has very poor dividend yield, people are buying for capital gain? 15/08/2019 8:23 PM AlfI3 Div yeild was good formerly but not so attractive nowadays. Nvrtheless, it Still better than Maybank 15/08/2019 11:14 PM  |
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