UOB Kay Hian Research keeps Public Bank as Buy, target price of RM20.50


It said on Tuesday Public Bank is scheduled to release its results for the fourth quarter ended Dec 31, 2013 towards the end of next week.

“We expect earnings growth to remain resilient both on a on-year and on-quarter comparison. In view of increasing concerns over industry-wide asset quality and rising cost pressures, we believe that Public Bank will continue to outperform,” it said.

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