shares, which are currently experiencing some overhang due to the passing of its founder, the late Tan Sri Teh Hong Piow.
In the report, the research house said PBB’s share price had modestly underperformed the KL Finance index since the passing of its founder. “As such, we can only hypothesise a number of potential scenarios and attempt to draw a conclusion as to how it may impact the strategic direction and consequently, share price performance.”
Scenario three is where the stake is sold to a foreign banking group and lastly, the stake is disposed of to another domestic banking group, which will then launch an offer to acquire and merge with the entire Public Bank group. “A potential merger with another domestic bank could be seen as dilutive to the group’s operating metrics and hence, its return on equity. “
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