PETALING JAYA: The anticipated losses and goodwill impairment of Public Bank Bhd
’s (PBB) Hong Kong-listed subsidiary, Public Financial Holdings Ltd (PFH), is expected to have a neutral impact on the banking group.
On Dec 23, 2024, PFH issued a profit warning and is expected to incur a net loss of HK$800mil to HK$1.1bil for financial year 2024 (FY24). This was said to be mainly on account of goodwill impairment of HK$600mil to HK$900mil.
