Public Bank Berhad

Titan Trading Notes For Thursday [6/3/2025]:

KLCI had a decent rebound back towards the 1564 points region with an overall positive market sentiment today as world markets started to rebound from the day before. Daily trading volume however remains at a pitiful level of only around 3.1b.

Main stocks that showed strong buying momentum would be the likes of PBBANK, MYEG, GENTING, SFPTECH, CEB, TOPGLOV, DNEX, YTL. YTLPOWR, SIME, KPJ, and MRDIY. All of which were able to sustain their rallies throughout the day on the top volumes list.

$CEB / 5311 (CAPE EMS BERHAD) since breaking down towards the RM 0.22+ all time low regions, saw its largest shareholder Chung Chee Yang mop up well over 20 million shares in the open market over the past few days, resulting in a rebound back towards the RM 0.275 regions today with good volume.

No doubt that the stock is on a downtrend now, but if able to sustain above its RM 0.25+ immediate support levels ,could rebound back towards its RM 0.30+ major resistance levels soon in the coming weeks.

Will be monitoring CEB closely.

$PBBANK / 1295 (PUBLIC BANK BERHAD) on the other hand had a huge breakout towards the RM 4.70+ regions with good volume and buying momentum today. Although it still faced some selling pressure around the RM 4.70 regions, its closing price of RM 4.63 was still pretty good.

So far showing very strong signals of a potential uptrend continuation pattern here. If able to hold above its RM 4.60+ immediate support on the daily chart, could continue on towards and beyond its RM 4.80+ major resistance levels soon.

Will be monitoring PBBANK closely here as seems to be ready for an uptrend rally soon.

$NATGATE / 0270 (NATIONGATE HOLDINGS BERHAD) although had a brief rebound back towards the RM 1.50+ regions earlier in the morning session, wasn't able to withstand the selling pressure, which led to it retracing back towards its RM 1.40+ support levels towards closing.

For now still not showing much strength here despite clarifying that it's got nothing to do with smuggling NVDIA chips to China. Needs to hold well above its RM 1.40 support before we can expect more.

Will be monitoring NATGATE closely here.

Titan Trading Notes For Monday [3/3/2025]:

KLCI closed back red towards the 1574 points region with an overall negative market sentiment as we still saw over 860 counters closing red on Friday. Daily trading volume surged back towards the 4.3 billion mark, but mainly dominated by sellers still.

Main stocks that showed strong buying momentum would be the likes of PBBANK, MAYBANK, TANCO, AMBANK, and SRIDGE. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$PBBANK / 1295 (PUBLIC BANK BERHAD) since retracing back towards the RM 4.40+ main support levels from the week before, been able to hold well and rebound back towards the RM 4.50+ regions with huge volume and buying momentum here.

This came after it announced solid earnings from the latest quarter. For now looking quite strong and ripe for a potential uptrend continuation pattern here. As long as able to hold above its RM 4.45+ support, could trend back up towards the RM 4.65 - RM 4.80+ major resistance levels soon.

Will be monitoring PBBANK closely.

$ECOWLD / 8206 (ECO WORLD DEVELOPMENT GROUP BERHAD) although faced some selling pressure from its RM 2.05+ major resistance levels over the past 2 weeks, been able to hold well above its RM 1.90+ support levels on the daily chart here.

On Friday, was able to rebound back towards the RM 1.99 regions with good volume, suggesting a potential uptrend continuation pattern soon. If able to keep this up, could start trending back towards the RM 2.10+ regions soon in the coming weeks.

Will be monitoring ECOWLD closely.

$PBBANK / 1295 (PUBLIC BANK BERHAD)
Research Reports by TA

$PBBANK / 1295 (PUBLIC BANK BERHAD)
Research Reports by KENANGA

$PBBANK / 1295 (PUBLIC BANK BERHAD)
Research by RHB

$PBBANK / 1295 (PUBLIC BANK BERHAD)
Research by MAYBANK

$PBBANK / 1295 (PUBLIC BANK BERHAD)
Research by CGSI

Much has been said in the media about Public Bank Bhd’s (PBB) rare corporate exercise involving the proposed acquisition of 175.9 million shares in LPI Capital Bhd at an offer price of RM9.80 per share from the estate of the late Tan Sri Dr Teh Hong Piow and Consolidated Teh Holdings Sdn Bhd (Estate), announced last month.

Analysts are mostly positive about LPI Capital Bhd’s prospects, following the recent acquisition of the insurer’s 44.15% stake by Public Bank Bhd.

The banking sector got a jolt recently when the family of the late Tan Sri Teh Hong Piow announced a plan to pare down their 21.6% stake in Public Bank Bhd to comply with the Financial Services Act (FSA) 2013.

The heirs of the late Public Bank Bhd founder Tan Sri Teh Hong Piow are selling down his estate’s stake to 10% over the next five years, from 23.4% currently. But it’s not necessarily because they want to.

$PBBANK / 1295 (PUBLIC BANK BERHAD)
Research by Maybank

Titan Trading Notes For Tuesday [15/10/2024]:

$KLCI had a brief rebound back towards the 1636 points region with an overall negative market sentiment as we still saw over 650 counters closing red for the day. Daily trading volume remained low around the 2.2 billion where sellers were mostly dominating.

Main stocks that showed strong buying momentum would be the likes of PBBANK, PERTAMA, 99SMART, HAWK, YEWLEE, TANCO, FAJAR, and PMHLDG. All of which were able to sustain their rallies throughout the day on the top volumes list.

PERTAMA since retracing back towards the RM 0.27+ support levels, had been able to hold its ground quite well and rebounded back towards the RM 0.30+ regions with good volume today.

For now looking quite strong here and as long as able to hold above its RM 0.28 immediate support levels, could breakout from its RM 0.31 immediate downtrend resistance for a further rebound soon.

Will be monitoring PERTAMA closely here.

$PBBANK / 1295 (PUBLIC BANK BERHAD) on the other hand since breaking out towards the RM 4.80+ regions, had actually been retracing over the past month here, heading back all the way towards the RM 4.30+ major support levels.

Today, it was able to rebound well back towards the RM 4.40+ regions with good volume and buying momentum. Could be a sign that it's reached its dip region already and if able to sustain, could rebound further back towards the RM 4.50 main downtrend resistance levels soon.

Will be monitoring PBBANK closely here.

$TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD) since retracing back towards the RM 1 major support levels after releasing its QR, had been able to rebound back towards the RM 1.07+ regions today with good volume and buying momentum.

For now looking quite strong here and as long as able to sustain above its RM 1.05 immediate support levels, could continue to trend back up towards the RM 1.10 - RM 1.15+ major resistance levels soon

Will be monitoring TOPGLOV closely here as seems to be recovering quite well.

Public Bank Bhd (PBB) took an important step to align the future shareholding of the estate of the late Tan Sri Teh Hong Piow and also solidify its future with the acquisition of LPI Capital Bhd. Public Bank chief executive officer and managing director Tan Sri Tay Ah Lek answers some questions posed by StarBiz on the moves made last week.

Holding its first press conference in 15 years, which itself is extraordinary given the robust scene of Corporate Malaysia today, Public Bank Bhd and the family of its founder Tan Sri Teh Hong Piow are attempting to hit two birds with one stone.

Public Bank Bhd’s first major press conference in 15 years clearly shows what lies ahead for the banking group.

$PBBANK / 1295 (PUBLIC BANK BERHAD)
Research by CGSI

$PBBANK / 1295 (PUBLIC BANK BERHAD)
Research by RHB

$PBBANK / 1295 (PUBLIC BANK BERHAD)
Research by HLIB

KUALA LUMPUR: The FBM KLCI ended 0.34% lower at the midday break today, dragged down by losses in Public Bank Bhd and Genting Bhd.

KUALA LUMPUR: The offer price of RM9.80 per share by Public Bank Bhd is seen as low, given LPI Capital Bhd’s strong earnings growth and the favourable market conditions, said CIMB Securities Sdn Bhd.

© New Straits Times Press (M) Bhd

KUALA LUMPUR: The share prices of Public Bank Bhd and LPI Capital Bhd opened lower today following the bank's announcement of its plan to acquire a 44.15 per cent stake in LPI.

© New Straits Times Press (M) Bhd

KUALA LUMPUR: Public Bank Bhd and LPI Capital Bhd, which resumed trading today after being suspended for two days since Oct 9, traded lower on their resumption of trading.

KUALA LUMPUR: Public Bank Bhd, LPI Capital Bhd, Top Glove Corp Bhd Sunway Bhd, KJTS Group Bhd, Sapura Resources Bhd and MGB Bhd are among the stocks to watch today.

KUALA LUMPUR: Public Bank Bhd is buying a 44.15 per cent stake in LPI Capital Bhd from the estate of the late Tan Sri Teh Hong Piow and Consolidated Teh Holdings Sdn Bhd (ConTeh) for RM1.72 billion cash.

© New Straits Times Press (M) Bhd

KUALA LUMPUR: The estate of the late Tan Sri Teh Hong Piow and Consolidated Teh Holdings Sdn Bhd will reduce their stake in Public Bank Bhd to 10 per cent over five years from the current 23.4 per cent.

KUALA LUMPUR: The estate of the late Tan Sri Dr Teh Hong Piow and Consolidated Teh Holdings Sdn Bhd (ConTeh) plan to undertake a restricted offer for sale of a portion of their Public Bank Bhd shares.

© New Straits Times Press (M) Bhd

KUALA LUMPUR: Public Bank Bhd has proposed to acquire a strategic stake of 44.15 per cent equity interest in LPI Capital Bhd  from the estate of the late Tan Sri Teh Hong Piow and Consolidated Teh Holdings Sdn Bhd  for RM1.72b.

© New Straits Times Press (M) Bhd

KUALA LUMPUR: Public Bank Bhd is acquiring a 44.15% stake in LPI Capital Bhd from the estate of the late Tan Sri Teh Hong Piow and Consolidated Teh Holdings Sdn Bhd (ConTeh) for RM1.72bil cash, or RM9.80 per share.

KUALA LUMPUR: Public Bank Bhd has proposed to acquire a strategic stake of 44.15 per cent equity interest in LPI Capital Bhd from the estate of the late Tan Sri Teh Hong Piow and Consolidated Teh Holdings Sdn Bhd for RM1.72b.

© New Straits Times Press (M) Bhd