Public Bank Berhad (1295 PBBANK) released its 2nd quarter financial result. Making first half net profit 1.419 billion (increased 18.28%). It also declared first interim dividend of 25% less 25% income tax @ RM0.25 based on par value @ RM1.00. The EX date is 03/08/2010, entitlement date and time: 05/08/2010 05:00 PM and payment date is 13/08/2010.
Past 1 year PBBANK stock performance
With current price at RM12.20, PBBANK has 4.51% interest yield. Public Bank Berhad target price from Maybank Investment Bank Research is RM12.50 (hold), OSK Research is RM13.00 (buy) and S&P Equity Research is RM14.00 (buy).
Public Bank Berhad is a good fundamental stock. Has good earning for past several years. It is one of the must have dividend stock counters.
Yup, Tanjong PLC rating was downgraded by S&P from ‘Strong Buy’ to ‘Buy’. Is Tanjong not performing already? Nope, Tanjong is still on the right track. S&P downgraded the rating but raised the target price from RM18.00 to RM19.00. Yeah… Same apply to Maybank Investment Bank Research, target price raised from RM18.60 to RM19.10. However, OSK Investment Research keeps the target price at RM18.60.
Hmm… Should I top up now with current price at RM16.58? Nope, I will wait until the price is below SMA (50) which is below RM15.80. 
Maybank Investment Bank wrote another company update on Tanjong PLC again today. It keeps the same target price @ RM18.60.
Succession planning, and more? Mr Yin Yee Yuen, COO of Pan Malaysian Pools, retains his position. He is nearing retirement age after sixteen years with the company. Mr Goh’s appointment could be seen as succession planning. It could also be read as a possible prelude to corporate restructuring now that Entertainment has been carved out as a separate division.
… from MIB.
Tanjong stock price hover around RM16.40 for 3 weeks. It ended at RM16.16 on November 2009 due to Dubai fear. So what is the best buying price for Tanjong? I set RM15.50 as the buying price on 10th November 2009. I will lower it to RM15.00 or RM14.50 if Dubai issue is getting worst. Let’s wait and see…
Buy stock when economy crisis; Sell stock when on good economy
Every investor always asks this question, ‘keep or sell’. For me, I have no confirmed answer to it too. I set a target price when I buy stock. And I will sell it when the stock hit my target price. However, you might earn less when you sell too early like my Mudajaya case. Or set too high target price like my INTC case. And end up earn nothing.
Tanjong PLC past 2 months performance
I have 2 target prices for Tanjong ~ RM16.02 and RM16.74. The first target price should be easily hit with sudden high volume. But men are greedy. So do I. Should I wait for RM16.74? Or sell it at RM16.02? I don’t want to end up like Mudajaya and INTC cases.
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