External broker reports(aggregated public sources), Public Investment Bank Bhd

Public Investment Bank Bhd

Public Investment Bank Berhad provides investment banking services. The Company offers corporate finance, banking, securities financing, capital market, treasury, and advisory services.

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External broker reports(aggregated public sources)

Equity Bottom-Up

Alliance Bank Malaysia / Equity Bottom-Up

<ul><li>The Group reported a sequentially weaker 4QFY22 net profit of RM103.0m (+105.8% YoY, -31.8% QoQ), the large variances in numbers due mostly to loan loss provisions however as topline growth was relatively stable.</li><li>Cumulative FY22 net profit of RM572.8m (+59.7% YoY) is ahead of our expectations at 107% of fullyear estimates though within consensus at 101%, the major discrepancy in numbers being our more pessimistic credit cost assumptions.</li><li>We remain affirmed of the Group’s prospects, as it is evidently reaping rewards from its balance sheet optimization exercise in recent years. Our Outperform call is retained with a slightly higher dividend-based target price of RM4.00 (RM3.80 previously).</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The Group reported a sequentially weaker 4QFY22 net profit of RM103.0m (+105.8% YoY, -31.8% QoQ), the large variances in numbers due mostly to loan loss provisions however as topline growth was relatively stable.Cumulative FY22 net profit of RM572.8m (+59.7% YoY) is ahead of our expectations at 107% of fullyear estimates though within consensus at 101%, the major discrepancy in numbers being our more pessimistic credit cost assumptions.We remain affirmed of the Group’s prospects, as it is evidently reaping rewards from its balance sheet optimization exercise in recent years. Our Outperform call is retained with a slightly higher dividend-based target price of RM4.00 (RM3.80 previously).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Alliance Bank Malaysia Berhad - Stronger Years Ahead