Public Bank is the safest bet against the rise in the industry’s gross impaired loans (GILs) and dent in loan demand due to the virus outbreak, CGS-CIMB said in a report.
PETALING JAYA: A strong track record and stringent lending practices make Public Bank Bhd
(PBB) the most defensive stock among its peers and, therefore, the best bet for investors amid the current Covid-19 outbreak.
The bank is the safest bet against the rise in the industry’s gross impaired loans (GILs) and dent in loan demand due to the virus outbreak, CGS-CIMB said in a report.
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