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Business

Public Bank is a Buy at AllianceDBS Research

KUALA LUMPUR: AllianceDBS Research has a Buy recommendation on Public Bank and a target price of RM22.60 after adjusting for the rights issue.

“Our target price is derived from the Gordon Growth Model. Sustainable growth trends support its premium valuation vs peers. Public Bank remains our top pick among our Malaysian banks coverage,” it said on Tuesday.

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Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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