Opportunity to accumulate Public Bank shares

PETALING JAYA: Investors should accumulate Public Bank Bhd (PBB) shares, which are currently experiencing some overhang due to the passing of its founder, the late Tan Sri Teh Hong Piow.

“We see this as an opportunity to accumulate on weakness as the bank’s strategic focus remains intact, led by a strong management team,” UOB Kay Hian (UOBKH) Research told its clients in a report.