KUALA LUMPUR: CGS-CIMB Equities Research retained its Add call on Public Bank as it believes the bank is the most defensive among the local banks against the risks of a spike in loan loss provisions (LLP) in 2H20.
The research house said on Monday although Public Bank increased its FY20F credit charge-off rate (CCOR) guidance from below 15bp to 20-25bp, this should still be among the lowest in the sector.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!