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KUALA LUMPUR: Bank Negara Malaysia's suprise move to cut the overnight policy rate (OPR) by 25 basis points to 2.75% – the lowest since 2011 – prompted investors to cut their holdings in banks and sent the FBM KLCI into the red.
KUALA LUMPUR: Selling of Public Bank, Hong Leong Bank and Tenaga Nasional pushed the FBM KLCI deeper into the red in late trade on Tuesday – the final trading day of 2019.
KUALA LUMPUR: Public Bank, Hong Leong Bank and Tenaga Nasional reversed their losses and nudged the FBM KLCI into the positive zone at the close of trade on Tuesday after a volatile day.
KUALA LUMPUR: Foreign selling of banks especially Public Bank dragged the FBM KLCI into the red on the first day of the second quarter on Monday while other key Asian markets advanced.
KUALA LUMPUR: Blue chips got off to a cautious start on Monday, the start of the second quarter, weighed down by losses in Public Bank, Hong Leong Bank and Tenaga Nasional.
PETALING JAYA: The domestic banking sector’s core earnings are expected to grow at a slightly slower pace in 2018, according to AmInvestment Bank Research.
The alternative view by M. Shanmugam
A QUESTION popped up during a dinner conversation with a group of bankers – Who owns Public Bank Bhd?