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I was reading an article about Public Bank in TheStar on Tuesday. It was titled “OSK: Selldown in Public Bank overdone”. As I write this post PBBANK is trading at RM7.55, up around 50-60 sen from its recent low. Is the sell down really overdone? PBBANK has always traded at a premium to its peers. [...]
Not too long ago in 2007, stock market analysts were highly bullish on Bursa Malaysia. The KLCI was nearing 1,500 points and corporate earnings particularly in the Palm Oil and Banking sectors were looking rosey. A year on and everyone’s talking global recession. Earnings forecasts are slashed and stock valuation multiples have tumbled. My how [...]
I would normally agree with you but comeon, we are talking about...