Sunday, March 22, 2009

Slow & "Steady" Win the Race?

Public Bank always in the winner mode infront of the eyes of investor, shareholder & customer. High devident, High ROE, Low NPL......etc is what Public Bank stand for.
FYI, Public bank recorded average 10%+ grow of the capital over pass 20 yrs. Amazing result ! Yet "Steady"...at an unbelievable trend.
Pbb, 1295 recent disappointed drop in shares price inply "something". Something maybe similar to the Bernard Madoff's case? Maybe. I said Maybe......
Something very suspicious here :
1) Their "fund management", We called it Mutual, Almost always be one of their top 3 holdings over "Mother's equities". Can this be done SC? Corporate integrity & Conflict of interest not an issues?
2) How the hell the NPL is so slow while others is high? Logical? - MBB's NPL > 10%. Gap is too big! Mainly Pbb's customer is Chinese - Good at payment generally. But, the gap is still not logical to me.
3) Transparency of the Mutual Fund. No 3rd party investment advisers allowed to "kacau" the management.
Afterall, I still a fan of PBB. Overall GOOD SERVICES from them in almost every single aspect! My housing loan is from PBB. Ha..... Great Weekend everybody.

1 comment:

chengyk said...

NPL is low because the underwriting is doing good. As PBB not easily approve loans is the main point why PBB NPL is low.

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