$PUBLIC FIN HOLD(00626.HK)
Context: I am going to talk about a not so popular HK stock, Public Finance Limited Bank which has the market capitalization of HK$2 billion. It is not listed as the top tier bank in Hong Kong. The parent company is Public Bank Berhad which listed in Malaysia and is the 3rd largest bank in that country. This bank offer finance with it's subsidiary Public Bank HK offering the depositing service$NVIDIA(NVDA.US)$Netflix(NFLX.US). The performances of this bank is not great:
2025: profit, HK$79.65 million
2024: loss, ~HK$999.39 million
2023: profit, HK$14.38 million
2022: profit, HK$328.70 million
2020: profit, HK$396.90 million
My trade: on 20th Aug, the share of this bank was halted and has yet to resume as of now
Takeaway: official announcement point to a major corporate exercise but unofficial information show that it will be privatised by it's parent company from Malaysia
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