LPI Capital to tap into Public Bank’s network

Kenanga Research said it maintains its forecasts on LPI Capital for now, with its assumptions yet to reflect any synergistic gains from Public Bank.

PETALING JAYA: Analysts are mostly positive about LPI Capital Bhd’s prospects, following the recent acquisition of the insurer’s 44.15% stake by Public Bank Bhd.

LPI Capital posted a net profit of RM124mil for the third quarter of financial year 2024 (3Q24) on the back of RM499.8mil in revenue.