The research house kept the banking stock an Add and its top pick for the sector as it regards the bank as the most defensive amid its expected industry-wide rise in gross impaired loan (GIL) ratio in 2021F as a result of the Covid-19 pandemic.
KUALA LUMPUR: Shares of Public Bank rose to a high of RM4.97 in early trade on Tuesday as the record four-for-one shares went ex.
At 11.18am, its share price was up 28 sen to RM4.54, after adjusting for the bonus issue.
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