The proposed acqusition for the collectively 44.2% stake at RM1.72b or RM9.80/share of LPI Capital Berhad by Public Bank Berhad (PBBank) entails a valuation of 1.7x FY23 PBV, a discount from its recent closing valuation of 2.3x PBV and our applied 2.6x PBV for LPI. Given the steep discount, analysts do not believe the Management […]
The proposed acqusition for the collectively 44.2% stake at RM1.72b or RM9.80/share of LPI Capital Berhad by Public Bank Berhad (PBBank) entails a valuation of 1.7x FY23 PBV, a discount from its recent closing valuation of 2.3x PBV and our applied 2.6x PBV for LPI. Given the steep discount, analysts do not believe the Management […]