According to a research reprot from Affin Inv Bank, Public Bank or PBBANK will announce its 4th quarter and FY2010 result tomorrow during lunch break. Here's some of the information that you may find useful...
a. Market expectation for FY2010:
Revenue: RM6958m
Net income: RM2962m
Earnings per share or EPS to be 89.4 sen per share
b. Average analyst target price: RM13.86
c. My view:
Check out the Bursa announcement tomorrow during lunch break to see whether there is any major earnings surprise. Normally any earnings surprise of more than 10% will be positive. In this case, if PBBANK EPS turns out to be more than 98.3 sen, then it is positive. Also you may apply the BUY AHEAD OF DIVIDEND strategy, as PBBANK should announce dividend during tomorrow lunch break. AFFIN INV BANK is expecting PBBANK to deliver FY2010 full year gross dividend of 58 sen per share. (which indirectly hinting towards expecting 33 sen gross dividend to be announced tomorrow).
This blog is related to observations regarding stocks traded in Malaysia. Disclaimer: The company analysis that appear in this blog is merely facts gathered from different sources and the author's personal view. It is not a buy or sell recommendation. The author do not guarantee the accuracy of the facts being presented. Please consult your investment advisors before acting on any information provided by the analysis above.
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