Based on this, Kenanga raises its TP for Public Bank PBBANK (MP) to RM4.65 (from RM4.45) and Alliance Bank ABMB (OP) to RM4.20 (from RM4.00) from the newly awarded 4-star ESG rating. It believes these two names have a solid foundation in ESG efforts, namely for their strong involvement in sustainable financing. The call and TP for the rest of the coverage remain unchanged. Maintain OVERWEIGHT for the banking sector.