PBBANK – Fundamental Analysis (14 Feb 2016)

Fundamental Analysis as of FY15 – http://www.slideshare.net/lcchong76/pbbank-fundamental-analysis-fy15

Peer Comparison in Bank Industry (KLSE) –http://www.slideshare.net/lcchong76/bank-industry-klse-peer-comparison

Excel – http://1drv.ms/1PF9lZA

Latest Financial – Q4 2015 Financial Report (3 Feb 2016) http://www.bursamalaysia.com/market/listed-companies/company-announcements/4992905

FY15 Q4 Results Highlight:

MIDF’s analysis is very comprehensive, so I won’t write my analysis for FY15 Q4 results.

Valuation:

I think fair value of PBBANK is around 20. The uncertainty risk of fair value is close to High.

Going Forward:

Despite unexpected good results of PBBANK in FY15, moving forward, I believe that PBBANK result will be stable or a bit slow down. This is because loan applications will continue to be slow marginally and NIM compression will be higher in the future.

I will continue to hold this share, and accumulate it when there is a dip in the price.

At the time of writing, I owned shares of PBBANK.

3 thoughts on “PBBANK – Fundamental Analysis (14 Feb 2016)

  1. Thank you L.C, for always sharing your analysis with us. I’ve learned a lot from you.
    By the way, if it’s possible, would you be so kind as to show me how to create the “Fixed header” and the “Enlargeable “+” as shown in your excel file? (http://postimg.org/image/5fv9qdd1d/)
    Or link me a tutorial if you’re busy perhaps? They are very useful and convenient.
    Thank you very much.

    Like

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