Analysts Lower Public Bank’s Earnings Outlook Amid Slower GDP Growth Forecast

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Analysts Lower Public Bank’s Earnings Outlook Amid Slower GDP Growth Forecast - Business Today

Quick Summary:

Amid expectations of slower economic growth, Maybank IB has trimmed its FY25E/26E net profit forecasts for Public Bank by 3.2%/3.7% and lowered the target price to MYR5.05 from MYR5.30.

It noted, however, Public Bank continues to offer exposure to a well-managed bank, with still sizeable management overlays of MYR1.

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