Public Bank rebounds from early low

KUALA LUMPUR: Public Bank rebounded from its early low of RM19.22 on Thursday on fund support based on its strong fundamentals.

At 11.02am, it was up eight sen to RM19.44. There were 1.059 million shares traded at prices ranging from RM19.22 to RM19.50.

The FBM KLCI fell 5.01 points or 0.28% to 1,815.96. Turnover was 664.38 million shares valued at RM482.87mil. There were 264 gainers, 316 losers and 289 counters unchanged.

According to Bloomberg data, five analysts have a Buy, 12 have a Hold and eight have a Sell call on Public Bank.

At RM19.46, it is trading at a trailing price-to-earnings of 15.58 times and forward P/E of 15.9 times.