Public Bank / Teh Hong Piow

[winston]

vested

To acquire 44.15% of LPI

BUY maintained Public Bank’s proposed acquisition of a 44.15% stake in LPI Capital (LPI) for MYR1.72b is mildly positive to the group, in our view, with a marginal 1.4% enhancement in FY25E earnings and a slight uplift in ROEs.

Positively, capital ratios would still be comfortable, post the acquisition.

Our forecasts are maintained, as is our BUY on Public Bank, with an unchanged TP of MYR5.40 (FY25E PBV of 1.7x; ROE: 12.7%).

Source: Maybank

https://mkefactsettd.maybank-ke.com/PDFS/410126.pdf

[behappyalways]

It entered the top ten decliners list after the resumption of trading

复牌就进入十大下跌榜 大众伦平双双大跌 | 新闻报报看 11/10/2024

https://m.youtube.com/watch?v=0W0xWRWpeSs