Public Bank: INVESTORS holding out for Public Bank Bhd's generous dividend payout and steady share buy-backs kept the stock near record-high price level over the past weeks despite profit-taking activities elsewhere in the market. A poll of 13 brokerages put the stock target price at between RM7.20 and RM8.50 after it announced a record profit and dividend for the year ended Dec 31, 2004. According to a disclosure in mid-January, foreigners owned 36.7% of Public Bank shares as at the end of 2004. Public Bank is also rated the highest among the country’s 10 banks by international rating agency Standard & Poor's.
PBBANK : [Stock Watch] [News]