High returns: Public Bank, which is 22.8-owned by Teh, is trading at 2.45 times its book value.
ASIDE from Indonesia’s PT Bank Central Asia Tbk, which is trading at 4.32 times price-to-book value (P/BV), Public Bank Bhd
is easily one of the most expensive banks in this part of the world, and possibly beyond.
The bank, which is 22.8%-owned by tycoon Tan Sri Teh Hong Piow, is trading at 2.45 times its book value.
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