[PUBLIC BANK LATEST ANALYSIS] Further selling pressure causes Public Bank to be attractive for potential dividend play: 

https://malaysiainvestment88.blogspot.com/2020/02/klse-malaysia-best-dividend-stock-for.html

YAPSS Quick Summary and Free 10 Years Financial Data of Public Bank Berhad:
https://www.yapss.com/post/public-bank-berhad-pbbank-1295

Check out the strategy of how to invest in Financial Services stocks like Bursa, Banks, Credit companies:

https://malaysiainvestment88.blogspot.com/2022/09/blog-post.html

Is it too late to buy banking counters now ah after the OPR increase? Got bargains mou?

If you are looking for performance among the Bursa banks, then of course you would chose PBBank as it had the better ROE trends. You can see from the chart that Affin has the worse ROE trend.

But if you are looking to make money, shouldn’t the focus be on companies trading at a discount to its value with some catalyst? The asset value or book value of banks is a good indication of their business value as most of the assets are marked to market prices. So PBV can give a picture of whether a bank is over or underpriced.

In this context, PBBank has a PBV greater than 1 whereas Affin is trading below its book value. Affin has been in the news lately about the Sarawak State government planning to increase its stake in the bank. This can be catalyst for re-rating if the purchase goes through.

On the other hand, PBBank no longer has its founder Chairman. Will its historical performance that is probably due to its corporate culture be sustained? More importantly, where is the catalyst for re-rating?