Latest news with #PublicBankBerhad
Malaysiakini
a day ago
- Business
- Malaysiakini
Apex court orders Public Bank to pay RM90m to NFCorp
The Federal Court today ordered Public Bank Berhad to pay RM90 million in damages to National Feedlot Corporation (NFCorp), its chairperson Salleh Ismail, and three subsidiary companies for breach of contract to protect their bank account confidentiality. A three-member bench comprising Chief Judge of Malaya Hasnah Hashim, Chief Judge of Sabah and Sarawak Abdul Rahman Sebli and Federal Court judge Abu Bakar Jais awarded RM30 million each in equitable, exemplary and aggravated damages.
Malaysiakini
a day ago
- Business
- Malaysiakini
Apex court orders Public Bank to pay RM90m to NFCorp
The Federal Court has ordered Public Bank Berhad to pay RM90 million in damages to National Feedlot Corporation (NFCorp) for breach of contract involving the protection of confidential bank account information. According to a report by New Straits Times today, the three-member bench, led by Chief Judge of Malaya Hasnah Hashim, set the award following its previous decision to dismiss the bank's appeal and allow NFCorp's cross-appeal for exemplary and aggravated damages.
Yahoo
24-05-2025
- Business
- Yahoo
Public Bank Berhad Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Last week, you might have seen that Public Bank Berhad (KLSE:PBBANK) released its first-quarter result to the market. The early response was not positive, with shares down 2.2% to RM4.40 in the past week. Revenues of RM3.6b were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at RM0.09, missing estimates by 5.3%. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. After the latest results, the 17 analysts covering Public Bank Berhad are now predicting revenues of RM14.7b in 2025. If met, this would reflect a satisfactory 3.0% improvement in revenue compared to the last 12 months. Statutory per-share earnings are expected to be RM0.38, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of RM14.9b and earnings per share (EPS) of RM0.39 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results. Check out our latest analysis for Public Bank Berhad The analysts reconfirmed their price target of RM5.06, showing that the business is executing well and in line with expectations. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic Public Bank Berhad analyst has a price target of RM5.77 per share, while the most pessimistic values it at RM4.40. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Public Bank Berhad is an easy business to forecast or the the analysts are all using similar assumptions. Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We would highlight that Public Bank Berhad's revenue growth is expected to slow, with the forecast 4.1% annualised growth rate until the end of 2025 being well below the historical 6.8% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 6.1% per year. Factoring in the forecast slowdown in growth, it seems obvious that Public Bank Berhad is also expected to grow slower than other industry participants. The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Public Bank Berhad's revenue is expected to perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates. With that in mind, we wouldn't be too quick to come to a conclusion on Public Bank Berhad. Long-term earnings power is much more important than next year's profits. We have forecasts for Public Bank Berhad going out to 2027, and you can see them free on our platform here. We don't want to rain on the parade too much, but we did also find 1 warning sign for Public Bank Berhad that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
01-03-2025
- Business
- Yahoo
Public Bank Berhad (KLSE:PBBANK) Is Increasing Its Dividend To MYR0.11
Public Bank Berhad's (KLSE:PBBANK) dividend will be increasing from last year's payment of the same period to MYR0.11 on 24th of March. Based on this payment, the dividend yield for the company will be 4.9%, which is fairly typical for the industry. See our latest analysis for Public Bank Berhad Unless the payments are sustainable, the dividend yield doesn't mean too much. Public Bank Berhad has established itself as a dividend paying company with over 10 years history of distributing earnings to shareholders. Based on Public Bank Berhad's last earnings report, the payout ratio is at a decent 57%, meaning that the company is able to pay out its dividend with a bit of room to spare. The next 3 years are set to see EPS grow by 16.0%. Analysts forecast the future payout ratio could be 60% over the same time horizon, which is a number we think the company can maintain. Although the company has a long dividend history, it has been cut at least once in the last 10 years. Since 2015, the dividend has gone from MYR0.104 total annually to MYR0.22. This implies that the company grew its distributions at a yearly rate of about 7.8% over that duration. It's good to see the dividend growing at a decent rate, but the dividend has been cut at least once in the past. Public Bank Berhad might have put its house in order since then, but we remain cautious. Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. It's encouraging to see that Public Bank Berhad has been growing its earnings per share at 5.3% a year over the past five years. Earnings are on the uptrend, and it is only paying a small portion of those earnings to shareholders. Overall, it's great to see the dividend being raised and that it is still in a sustainable range. While the payout ratios are a good sign, we are less enthusiastic about the company's dividend record. The payment isn't stellar, but it could make a decent addition to a dividend portfolio. It's important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For example, we've picked out 1 warning sign for Public Bank Berhad that investors should know about before committing capital to this stock. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
