KUALA LUMPUR: AffinHwang Capital Research is maintaining its Buy call for Public Bank with an unchanged target price of RM21.80, which is 15.5% above the last traded price of RM18.88.
It said on Friday Public Bank’s 1H15 net profit of RM2.4bil (+14% on-year) outperformed its expectation due to lower impaired loan allowances and stronger non-interest income.
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