Showing posts with label Pbb. Show all posts
Showing posts with label Pbb. Show all posts

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


Average Growth Rates 
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

PBB 23.8.2017
5 Years Quarterly Report History
Qtr Financial Revenue PBT  PAT PBT 
No Quarter (RM,000) (RM,000) (RM,000) Margin
2 30-Jun-17 5,167,147 1,736,009 1,331,826 33.6%
1 31-Mar-17 5,028,185 1,631,472 1,247,981 32.4%
4 31-Dec-16 5,084,083 1,792,711 1,482,782 35.3%
3 30-Sep-16 5,031,100 1,558,242 1,238,150 31.0%
2 30-Jun-16 5,020,695 1,551,521 1,256,153 30.9%
1 31-Mar-16 5,037,628 1,651,558 1,229,790 32.8%
4 31-Dec-15 4,929,046 1,857,776 1,492,428 37.7%
3 30-Sep-15 4,914,523 1,613,794 1,201,395 32.8%
2 30-Jun-15 4,737,678 1,531,147 1,196,810 32.3%
1 31-Mar-15 4,600,303 1,488,678 1,171,519 32.4%
4 31-Dec-14 4,528,585 1,567,278 1,253,981 34.6%
3 30-Sep-14 4,324,008 1,552,183 1,191,521 35.9%
2 30-Jun-14 4,059,101 1,367,694 1,056,396 33.7%
1 31-Mar-14 3,948,377 1,327,100 1,016,932 33.6%
4 31-Dec-13 3,918,673 1,341,286 1,025,617 34.2%
3 30-Sep-13 3,869,542 1,358,164 1,047,260 35.1%
2 30-Jun-13 3,802,871 1,340,558 1,023,505 35.3%
1 31-Mar-13 3,673,214 1,269,976 968,301 34.6%
4 31-Dec-12 3,630,057 1,305,502 992,469 36.0%
3 30-Sep-12 3,588,750 1,312,536 983,294 36.6%
5 Years Trailing 4 Quarters
No. Financial ttm-Rev ttm-PBT  ttm-PAT ttm-PBT 
Qtr. Quarter (RM,000) (RM,000) (RM,000) Margin
2 31-Dec-17 20,310,515 6,718,434 5,300,739 33.1%
1 31-Dec-17 20,164,063 6,533,946 5,225,066 32.4%
4 31-Dec-16 20,173,506 6,554,032 5,206,875 32.5%
3 31-Dec-16 20,018,469 6,619,097 5,216,521 33.1%
2 31-Dec-16 19,901,892 6,674,649 5,179,766 33.5%
1 31-Dec-16 19,618,875 6,654,275 5,120,423 33.9%
4 31-Dec-15 19,181,550 6,491,395 5,062,152 33.8%
3 31-Dec-15 18,781,089 6,200,897 4,823,705 33.0%
2 31-Dec-15 18,190,574 6,139,286 4,813,831 33.7%
1 31-Dec-15 17,511,997 5,975,833 4,673,417 34.1%
4 31-Dec-14 16,860,071 5,814,255 4,518,830 34.5%
3 31-Dec-14 16,250,159 5,588,263 4,290,466 34.4%
2 31-Dec-14 15,795,693 5,394,244 4,146,205 34.2%
1 31-Dec-14 15,539,463 5,367,108 4,113,314 34.5%
4 31-Dec-13 15,264,300 5,309,984 4,064,683 34.8%
3 31-Dec-13 14,975,684 5,274,200 4,031,535 35.2%
2 31-Dec-13 14,694,892 5,228,572 3,967,569 35.6%
1 31-Dec-13 14,357,861 5,128,331 3,896,762 35.7%
4 31-Dec-12 14,058,097 5,103,926 3,869,273 36.3%
3 31-Dec-12 13,749,673 4,961,691 3,753,791 36.1%
5 Years Adjusted EPS, DPS, NTA and ttm-EPS for capital changes
Shrs m 3861.5 adj adj adj adj adj
Qtr Financial EPS  DPS NTA ttm-EPS ttm-DPS
No Quarter (Cent) (Cent) (RM) (Cent) (Cent)
2 30-Jun-17 34.49 27.0 9.20 137.27 59.00
1 31-Mar-17 32.32 0.0 8.86 135.31 58.00
4 31-Dec-16 38.40 32.0 8.86 134.84 58.00
3 30-Sep-16 32.06 0.0 8.50 135.09 58.00
2 30-Jun-16 32.53 26.0 8.40 134.14 58.00
1 31-Mar-16 31.85 0.0 8.06 132.60 56.00
4 31-Dec-15 38.65 32.0 8.09 131.09 56.00
3 30-Sep-15 31.11 0.0 7.68 124.92 55.01
2 30-Jun-15 30.99 24.0 7.59 124.66 55.01
1 31-Mar-15 30.34 0.0 7.27 121.03 51.87
4 31-Dec-14 32.47 31.0 7.26 117.02 51.87
3 30-Sep-14 30.86 0.0 6.70 111.11 48.07
2 30-Jun-14 27.36 20.9 5.55 107.37 48.07
1 31-Mar-14 26.34 0.0 5.28 106.52 47.15
4 31-Dec-13 26.56 27.2 5.29 105.26 47.15
3 30-Sep-13 27.12 0.0 4.99 104.40 47.16
2 30-Jun-13 26.51 19.9 4.91 102.75 47.16
1 31-Mar-13 25.08 0.0 4.64

4 31-Dec-12 25.70 27.2 4.64

3 30-Sep-12 25.46 0.0 4.38

Capital changes
No. Financial No of
Qtr. Quarter Shrs (m)
2 30-Jun-17 3861.5
1 31-Mar-17 3861.3
4 31-Dec-16 3861.4
3 30-Sep-16 3862.0
2 30-Jun-16 3861.5
1 31-Mar-16 3861.2
4 31-Dec-15 3861.4
3 30-Sep-15 3861.8
2 30-Jun-15 3861.9
1 31-Mar-15 3861.3
4 31-Dec-14 3862.0
3 30-Sep-14 3737.5
2 30-Jun-14 3502.6
1 31-Mar-14 3501.8
4 31-Dec-13 3501.6
3 30-Sep-13 3502.5
2 30-Jun-13 3501.6
1 31-Mar-13 3502.0
4 31-Dec-12 3502.0
3 30-Sep-12 3501.8
2 30-Jun-12 3502.6
1 31-Mar-12 3502.7
4 31-Dec-11 3502.3
3 30-Sep-11 3502.7