KUALA LUMPUR (Mar 17): Public Bank Bhd’s founder and chairman Tan Sri Teh Hong Piow has been honoured with three awards from Yazhou Zhoukan, The Asset, and Asia Pacific Brands Foundation (APBF) respectively, for his contributions and achievements in the banking arena.
Yazhou Zhoukan, a Chinese language international affairs magazine, honoured Teh with the ‘Yazhou Zhoukan Global Chinese Entrepreneur Lifetime Achievement Award 2015’; Finance and banking magazine The Asset presented ‘The Asset Banker Extraordinaire 2015 Award’; while APBF presented the ‘BrandLaureate ICON of ICONS - The King of Banking Award’.
The awards were presented to him on his 85th birthday last Saturday (March 14).
“Recognition from such prestigious publications are always an honour. This is all the more so when they are well acclaimed for their noble efforts in paying tribute to and celebrating entrepreneurial achievements which contribute towards the fostering of business excellence. Indeed, I am elated by the triple whammy,” Teh said in a statement today.
Yau Lop Poon, editor-in-chief of Yazhou Zhoukan, described Teh as a legend in the global Chinese business community who opened up a new chapter in the banking business, changing the power landscape in the banking community in the region that used to be dominated by Westerners.
Daniel Yu, The Asset’s editor-in-chief, praised Teh for the sustained profitability of Public Bank (fundamental: 2.8; valuation: 1.8), which he termed as “a world class institution that embodies excellence in customer service, prudence in risk management and exceptional corporate governance".
BrandLaureate president Dr KKJohan, complimented Teh for his effort growing Public Bank in the past 49 years.
“This award is exclusively conferred to only one individual for the year and the recipient must possess extraordinary attributes, one who exudes dynamism, personifies wisdom and integrity and is admired and respected by his country and the world,” he said.
As at 3:38pm, Public Bank was up eight sen or 0.44% to RM18.42 with 2.8 million shares traded, giving it a market capitalisation of RM70.8 billion.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)