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Smartkarma Newswire

Public Bank (PBK) Earnings Reveal: 1Q Net Income hits 1.65B Ringgit amidst 13 Buys, 4 Holds, and 2 Sells

By | Earnings Alerts
  • Public Bank reported a net income of 1.65 billion ringgit in the first quarter of 2024.
  • The revenue for the same period is reported to be 6.79 billion ringgit.
  • Based on various opinions, there have been reported 13 buys, 4 holds, and 2 sells.

A look at Public Bank Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth4
Resilience2
Momentum3
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Public Bank Berhad, a leading provider of banking and financial services, has received positive scores across several key factors on the Smartkarma Smart Scores system. With strong scores in Dividend and Growth, as well as respectable scores in Value and Momentum, the company shows promising signs for long-term success. However, there is room for improvement in the Resilience factor, which received a lower score. Public Bank‘s diverse range of services, including leasing, broking, and financing, coupled with its international presence in countries like Hong Kong and Vietnam, positions the company well for future growth and stability.

Public Bank‘s high score in Dividend signifies its strong commitment to rewarding shareholders, while the favorable score in Growth points towards potential expansion and profitability. Despite facing challenges in Resilience, the company’s overall performance across the Smart Scores indicates a solid foundation for continued success in the banking and financial services sector. Investors may find Public Bank an attractive long-term investment opportunity given its strong performance in key areas, balanced by areas for potential enhancement.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Top 10 Highlights from the APAC PE, VC and Startup Ecosystem this Week – 19 May 2024

By | Private Markets, Smartkarma Newswire

Top ten highlights from the APAC PE, VC, and startup ecosystem this week:

  1. China Tech Giants’ Earnings: Companies like Alibaba, Tencent, Baidu, and JD.com reported mixed financial updates this week.
  2. Sea Ltd’s Q1 Earnings: Sea reported a net loss of $23 million in Q1 2024, with a 23% year-on-year revenue growth from its e-commerce arm, Shopee.
  3. Grab’s Revenue Growth: Grab’s revenue grew by 24% in Q1 to $653 million, prompting an upward revision of its full-year adjusted EBITDA guidance.
  4. Mubadala’s Asset Growth: Abu Dhabi’s Mubadala saw a 9.5% increase in assets under management in 2023, reaching 1.11 trillion dirhams.
  5. CapitaLand’s Investment Outlook: CapitaLand Investment anticipates a promising vintage for real asset investments in the Asia Pacific in 2025.
  6. Waterfield Fund of Funds Perspective: Waterfield Fund of Funds MD, Siddharth Jhunjhunwala, shared insights on India’s dealmaking scenario and its impact on capital flow from LPs.
  7. ShawKwei’s Investment Strategy: ShawKwei is actively considering investment opportunities in the secondary space due to favorable valuation landscapes.
  8. Saudi Venture Capital Investment: Saudi Venture Capital announced a $30 million investment in a PE fund managed by General Atlantic.
  9. China Life Insurance Fund: China Life Insurance established an RMB-denominated equity investment fund of 10 billion yuan for the country’s silver economy.
  10. Accion’s Financial Fund: Global non-profit Accion launched a $152.5 million fund to invest in financial institutions serving small businesses globally.

APAC Private Markets Research

Explore latest Insights on APAC Private Markets on Smartkarma


Disclaimer:This article by is general in nature and based on publicly available information and not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material. While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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