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$EON Resources (EONR.US)$ when delisted?
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$PBBANK (1295.MY)$
Kuala Lumpur, 29th: The deadline for LPI (8621, Main Board Financial Stock) to divest its stake in Public Bank (PBBANK, 1295, Main Board Financial Stock) has been extended to June 3 this year. Analysts believe that if 70% of the proceeds are distributed as dividends, shareholders could receive a special dividend of up to RM1.84 per share.
Kenanga Investment Bank stated in its latest report that if LPI sells all of its Public Bank shares at RM4.78 per share and distributes 70% of the proceeds to shareholders, investors could receive a maximum special dividend of approximately RM1.84 per share, representing a 12.8% yield.
The company will reinvest 30% of the proceeds from the sale into new business opportunities.
Public Bank
Following Public Bank's acquisition of a 44.15% stake in LPI from the Cheng family in December 2024, making it a subsidiary, LPI is required to sell its 1.13% stake in Public Bank under Section 22(5)(b) of the 2016 Companies Act.
Meanwhile, LPI recently announced a net profit of RM99.54 million for the first quarter of the 2026 financial year (ended March), an increase of 1.59% year-on-year. Revenue amounted to RM547.70 million, a year-on-year growth of 6.33%.
Analysts stated that the first-quarter net profit of RM99.50 million accounts for approximately 25% of both internal and market full-year earnings forecasts, in line with expectations.
“Although insurance services performance grew by 14%, driven by fire insurance business, the company recorded fair value losses in the first quarter, and net investment income fell by 19% year-on-year, possibly due to...
Kuala Lumpur, 29th: The deadline for LPI (8621, Main Board Financial Stock) to divest its stake in Public Bank (PBBANK, 1295, Main Board Financial Stock) has been extended to June 3 this year. Analysts believe that if 70% of the proceeds are distributed as dividends, shareholders could receive a special dividend of up to RM1.84 per share.
Kenanga Investment Bank stated in its latest report that if LPI sells all of its Public Bank shares at RM4.78 per share and distributes 70% of the proceeds to shareholders, investors could receive a maximum special dividend of approximately RM1.84 per share, representing a 12.8% yield.
The company will reinvest 30% of the proceeds from the sale into new business opportunities.
Public Bank
Following Public Bank's acquisition of a 44.15% stake in LPI from the Cheng family in December 2024, making it a subsidiary, LPI is required to sell its 1.13% stake in Public Bank under Section 22(5)(b) of the 2016 Companies Act.
Meanwhile, LPI recently announced a net profit of RM99.54 million for the first quarter of the 2026 financial year (ended March), an increase of 1.59% year-on-year. Revenue amounted to RM547.70 million, a year-on-year growth of 6.33%.
Analysts stated that the first-quarter net profit of RM99.50 million accounts for approximately 25% of both internal and market full-year earnings forecasts, in line with expectations.
“Although insurance services performance grew by 14%, driven by fire insurance business, the company recorded fair value losses in the first quarter, and net investment income fell by 19% year-on-year, possibly due to...
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NSls : Will not be delisted. Get ready.![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
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