Showing posts with label Pbb. Show all posts
Showing posts with label Pbb. Show all posts
Sunday, 25 February 2024
Tuesday, 20 February 2024
Wednesday, 3 January 2024
Returns to shareholders of Public Bank Berhad over the last 10 years and last 5 years
Public Bank Berhad
Dividends (sens) per share received each year:
2014 10.41
2015 11.00
2016 11.60
2017 11.80
2018 13.20
2019 14.00
2020 8.00
2021 20.50
2022 19.70
2023 14.00
Year end share price of PBB
Year 2013 RM 3.76
Year 2018 RM 4.95
Year 2023 RM 4.25
Returns to shareholders of PBB
10 year period from end of 2013 to end of 2023
Capital appreciation = RM 4.25 - RM 3.76 = RM 0.49
Total dividends received = RM 1.34
Total gains = RM 0.49 + RM 1.34 = RM 1.83
Gain % = RM 1.83 / RM 3.76 = 48.7%
Dividends provided the bulk of the returns to shareholders over the last 10 years.
5 year period from end of 2018 to end of 2023
Capital loss = RM 4.25 - RM 4.95 = - RM 0.70
Total dividends received = RM 0.762
Total gain = - RM 0.70 + RM 0.762 = RM 0.062
Gain % = RM 0.062 / RM 4.95 = 1.25%
The loss of capital was attenuated by the dividends received over the last 5 years.
Tuesday, 26 September 2023
PUBLIC BANK BERHAD
PBB is a stalwart in Peter Lynch's 6 groups of businesses.
You are owning a stock that is growing at a reasonable rate.
Own this when its price is fair or reasonable.
This is an example of owning a GARP company (Growth at Reasonable Price).
Friday, 26 May 2023
PRESS RELEASE BY PUBLIC BANK BERHAD FIRST QUARTER 2023 FINANCIAL PERFORMANCE
PUBLIC BANK GROUP ACHIEVED PRE-TAX PROFIT OF RM2.21
BILLION FOR THE FIRST QUARTER OF 2023
For the first quarter ended 31 March 2023, the Public Bank Group
recorded pre-tax profit growth of 10.4% to RM2.21 billion, as compared
with the corresponding quarter in 2022. Net profit grew at a higher rate of
22.6% to RM1.71 billion during the same period, due to the prosperity tax
imposed in the previous corresponding period.
Tan Sri Dato’ Sri Dr. Tay Ah Lek, Managing Director and Chief Executive
Officer of Public Bank commented, “The Public Bank Group continued
to navigate through the challenges in the evolving operating
environment and demonstrated resilience in its first quarter 2023
performance, which was mainly supported by commendable net
interest income growth and lower loan impairment allowances.”
Net interest income increased by 7.4%, mainly led by healthy loans and
deposits growth which expanded at an annualised growth rate of 5.0%
and 9.1% respectively. Coupled with lower impairment allowances during
the quarter, the Group sustained a resilient net return on equity of 13.6%.
Despite high inflationary pressure, increase in operating expenses was
well under control at 4.7%, underpinned by the Group’s prudent cost
management. As a result, the Group continued to achieve an efficient
cost-to-income ratio of 33.1% in the first quarter of 2023.
Asset quality remained stable with a low gross impaired loans ratio of
0.5%. Loan impairment allowances were lower by 98.5% to RM1.5 million
from RM99.7 million in the corresponding quarter of 2022.
Loans and Deposits Businesses
During the first quarter ended March 2023, the Public Bank Group
maintained a healthy loan growth momentum at an annualised growth
rate of 5.0% to RM381.6 billion, largely supported by the domestic loan
portfolios which grew by an annualised rate of 5.4% to RM356.8 billion.
Domestic loan growth was mainly contributed by residential properties
financing, hire purchase financing as well as SME financing, which grew
at an annualised rate of 6.1%, 11.5% and 2.7% respectively. This has
sustained the Group’s leading market share in the residential properties
financing, hire purchase financing and domestic SME lending, which
stood at 20.6%, 30.4% and 19.0% respectively.
The Group’s funding and liquidity position remained healthy, supported
by a commendable growth in customer deposits at an annualised rate of
9.1% to RM403.7 billion. Domestic deposits rose by 10.2% on an
annualised basis to RM376.5 billion, attributable to the consistent growth
in retail deposits.
Reflecting its healthy balance sheet, the Public Bank Group continued to
maintain a stable gross loan to fund and equity ratio of 80.4% as at the
end of March 2023.
Asset Quality
As at the end of March 2023, the Public Bank Group continued to achieve
and maintain sound and resilient asset quality as reflected in its low gross
impaired loans ratio of 0.5%, a level significantly lower than the domestic
banking industry’s average gross impaired loan ratio of 1.7%.
The Group’s loan loss coverage ratio stood comfortably at 217.8%, well
above the banking industry’s loan loss coverage ratio of 95.8%. Including
regulatory reserves, the Group’s loan loss coverage ratio was higher at
239.6%.
With the ongoing economic recovery, the Group has observed a stable
repayment trend from customers. However, amidst the expected
economic challenges in 2023, the Group will stay vigilant in managing its
loan portfolios and will continue to provide assistance to customers who
face repayment constraints.
Non-interest Income
In the first quarter of 2023, non-interest income increased marginally by
0.7% as compared with the corresponding quarter in 2022. The subdued
market conditions was cushioned by the Group’s higher foreign
exchange profit, stockbroking income as well as investment income.
The Public Bank Group’s unit trust business undertaken by its wholly
owned subsidiary, Public Mutual remained the main contributor to the
Group’s non-interest income. Public Mutual recorded a pre-tax profit of
RM192.6 million in the current quarter, contributing 8.7% to the Group’s
profit. With total assets under management of RM94.4 billion and 179
unit trust funds being managed, Public Mutual continued to capture a
large retail market share of 35.7% as at the end of March 2023.
Overseas Operations
In the first quarter of 2023, the Public Bank Group’s overseas operations
contributed 8.1% to the Group’s profit, mainly attributed to its Hong Kong
and Indochina operations.
Public Bank Vietnam and Cambodian Public Bank continued to deliver
strong profit performance, as reflected in the respective double-digit profit
growth of 24.5% and 59.8% year-on-year. Indochina will continue to be
the Group’s key focus growth area, with continued expansion of branch
network as well as broadening of products and services. The Group is
targeting to open another 8 new branches in Vietnam to reach a total of
40 branches by year end.
However, the operating environment for the Group’s Hong Kong
operations remain uncertain and challenging despite the lifting of COVID19
containment measures.
Capital and Liquidity Position
As at the end of March 2023, the Group remained well capitalised with
common equity Tier 1 capital ratio, Tier 1 capital ratio and total capital
ratio standing at 14.6%, 14.7% and 17.7% respectively. Liquidity
coverage ratio also remained stable and healthy at 137.1%.
The Group’s capital and liquidity position has remained sound and is
resilient to any potential stress condition. The Group will continue to
manage its balance sheet prudently in pursuit of its banking business
growth.
Group’s Prospects
The heightened volatility in the financial markets and rising concerns
about the health of banking sectors across the United States and Europe
raise question on the potential risk of contagion effects. This is likely to
further exert downward pressure on the world economy which is already
bracing for a challenging 2023 due to elevated inflation, tightening
financial conditions and geopolitical tensions. Malaysia as an open
economy, will continue to face these headwinds.
Nevertheless, firm domestic demand underpinned by improved
employment market, multi-year investment projects, Government’s policy
measures and recovery in China’s economy will continue to support the
Malaysian economy on the positive growth trajectory, providing a stable
and conducive business environment for banking business growth.
Tan Sri Tay concluded, “The Public Bank Group is cognisant of the
prevailing challenges and evolving landscape. The Group will
remain focused on cost discipline, preservation of sound asset
quality and upholding strong corporate governance to safeguard its
resilience against adversity. Notwithstanding, the Group will
continue to take a proactive approach in embracing growth
opportunities arising from the growing economy, digital
transformation as well as the growing ESG demand.”
25 May 2023
For more information, please contact:
Ms Chang Siew Yen Ms Yik Sook Ling
Senior Chief Operating Officer Chief Financial Officer
Tel: (603) 2176 7461 Tel: (603) 2177 3310
Fax: (603) 2163 9925 Fax: (603) 2164 9002
Email: changsiewyen@publicbank.com.my Email: yiksookling@publicbank.com.my
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=136962&name=EA_GA_ATTACHMENTS
Saturday, 17 December 2022
Public Bank Berhad
Fiscal year is January-December. All values MYR Millions.
2021 2020 2019 2018 2017 5-year trend
INCOME STATEMENT
Interest Income 15,092 15,500 17,565 17,330 16,282
Interest Income Growth -2.63% -11.76% 1.36% 6.44% -
Total Interest Expense 5,160 7,004 8,857 8,698 7,861
Total Interest Expense Growth -26.34% -20.92% 1.83% 10.65% -
Net Interest Income 9,932 8,495 8,708 8,632 8,420
Net Interest Income Growth 16.92% -2.45% 0.88% 2.52% -
Loan Loss Provision 1,201 1,106 154 169 203
Loan Loss Provision Growth 8.58% 616.21% -8.75% -16.74% -
Net Interest Income after Provision 8,731 7,389 8,554 8,463 8,217
Net Interest Inc After Loan Loss Prov Growth 18.17% -13.62% 1.08% 2.99% -
Net Interest Margin 2.20%
Non-Interest Income 3,601 3,588 3,113 3,011 3,143
Non-Interest Expense 4,966 4,672 4,587 4,424 4,246
Operating Income 7,367 6,305 7,080 7,050 7,114
Operating Income Growth 16.83% -10.94% 0.43% -0.91% -
Pretax Income 7,367 6,285 7,134 7,096 7,121
Pretax Income Growth 17.21% -11.90% 0.54% -0.35% -
Pretax Margin 39.41%
Net Income 5,657 4,872 5,512 5,591 5,470
Net Income 5,657 4,872 5,512 5,591 5,470
Net Income Growth 16.11% -11.61% -1.41% 2.20% -
Net Margin 30.26%
F
CASH FLOW STATEMENT
Funds from Operations 6,985 6,496 6,329 5,989 6,204
Funds from Operations Growth 7.52% 2.64% 5.69% -3.48% -
Net Operating Cash Flow 7,889 4,744 6,564 5,679 6,700
Net Operating Cash Flow / Interest Income 52.27% 30.60% 37.37% 32.77% 41.15%
Capital Expenditures (143) (373) (205) (218) (312)
Free Cash Flow 7,746 4,370 6,358 5,461 6,389
Free Cash Flow Growth 77.24% -31.27% 16.43% -14.52% -
Free Cash Flow Yield 4.66%
Cash Dividends Paid - Total (3,979) (1,553) (2,717) (2,555) (2,278)
Cash Dividend Growth - 156.25% 42.86% -6.35% -12.15% -
BALANCE SHEET
ASSETS
Total Cash & Due from Banks 6,691 5,689 15,213 14,298 13,421
Investments - Total 80,572 78,225 72,162 72,246 61,157
Investments Growth 3.00% 8.40% -0.12% 18.13% -
Net Loans 366,114 357,947 337,383 325,981 313,156
Real Estate Other Than Bank Premises 807 904 931 845 796
Loans - 1 Yr Growth Rate 2.28% 6.10% 3.50% 4.10% -
Net Property, Plant & Equipment 2,577 2,697 2,570 1,567 1,564
Other Assets (Including Intangibles) 5,316 5,612 4,370 4,604 5,076
Total Assets 462,739 451,257 432,831 419,693 395,276
Assets - Total Growth 2.54% 4.26% 3.13% 6.18% -
Return On Average Assets 1.24% - - - -
LIABILITIES & EQUITY
Total Deposits 380,394 365,871 353,340 339,160 319,259
Total Debt 26,506 29,501 28,370 32,561 31,081
Other Liabilities 6,197 6,533 6,193 5,671 6,325
Total Liabilities 413,314 402,830 388,084 377,597 356,831
Common Equity (Total) 48,163 47,248 43,594 40,973 37,365
Accumulated Minority Interest 1,263 1,178 1,152 1,123 1,081
Total Equity 49,425 48,427 44,746 42,096 38,446
Liabilities & Shareholders' Equity 462,739 451,257 432,831 419,693 395,276
Public Bank Bhd
Past Five Years
Ending 12/31/2021 (Fiscal Year)
Revenue
-0.75%
Net Income
+0.68%
Earnings Per Share
-15.89%
Capital Spending
-10.82%
Gross Margin
-
Cash Flow
+4.25%
KEY STOCK DATA
P/E Ratio (TTM)
14.69(12/16/22)
EPS (TTM)
RM0.30
Market Cap
RM85.02 B
Shares Outstanding
19.41 B
Public Float
11.82 B
Yield
4.50%(12/16/22)
Latest Dividend
RM0.0399999991(12/23/22)
Ex-Dividend Date
12/14/22
?
SHORT INTEREST ()
N/A
Wednesday, 23 August 2017
PBB (Public Bank Berhad) 23.8.2017
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subscribe to:
Posts (Atom)