PUBLIC Bank’s share price was hit by the turbulence in the global equity markets in the past two weeks despite announcing a strong set of third quarter results. However, analysts see the recent selldown as an excellent opportunity to accumulate on weakness. Of the nine brokerages which released research notes on Public Bank last week, five had a “buy” call on the stock, three had “outperform” and one recommended a “hold”. Target price for the stock ranged between RM8 and RM13.50.
PBBANK : [Stock Watch] [News]
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