Share Price: RM4.43 | Target Price: RM5.05 | Rating: BUY
FY2025E: NPAT: RM7,266m | EPS: RM0.370 | DPS: RM0.220
FY2025E: NPAT: RM7,266m | EPS: RM0.370 | DPS: RM0.220
PBBank 1Q25 Results Update (MIB)
Amid expectations of slower economic growth, we have trimmed our FY25E/26E net profit forecasts by 3.2%/3.7% and lowered our TP to MYR5.05 from MYR5.30. Public Bank nevertheless continues to offer exposure to a well-managed bank, with still sizeable management overlays
of MYR1.21b, to buffer against any deterioration in asset quality.
Report Date 22/5/25
Research House: Maybank Investment Bank (MIB)
Analyst: Desmond Ch’ng,
Key Forecasts:
FY2025: Net Profit: RM7,266m | EPS: RM0.370 | DPS: RM0.220
FY2026: Net Profit: RM7,650m | EPS: RM0.390 | DPS: RM0.240
Target Price reduced from RM4.43 to RM5.05. EPS Forecast for FY2025 were slightly reduced while FY2026 EPS and DPS tweaked upwards.
Research House: Maybank Investment Bank (MIB)
Analyst: Desmond Ch’ng,
Key Forecasts:
FY2025: Net Profit: RM7,266m | EPS: RM0.370 | DPS: RM0.220
FY2026: Net Profit: RM7,650m | EPS: RM0.390 | DPS: RM0.240
Target Price reduced from RM4.43 to RM5.05. EPS Forecast for FY2025 were slightly reduced while FY2026 EPS and DPS tweaked upwards.