Highlights
KLSE: RHBBANK (1066)       RHB BANK BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
5.18   -0.02 (0.38%)  5.18 - 5.22  1,103,700
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Overview

Market Cap: 21,074 Million
NOSH: 4,068 Million
Avg Volume (4 weeks):1,771,730
4 Weeks Range:5.18 - 5.44
4 Weeks Price Volatility (%):
0.00%
52 Weeks Range:4.17 - 5.98
52 Weeks Price Volatility (%):
55.80%
Average Price Target: 6.37
Price Target Upside/Downside: +1.19

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2021 [#1]  |  27-May-2021
Next QR | Est. Ann. Date: 30-Jun-2021  |  28-Aug-2021
T4Q P/E | EY: 9.98  |  10.02%
T4Q DY | Payout %: 3.36%  |  33.51%
T4Q NAPS | P/NAPS: 6.5547  |  0.79
T4Q NP Margin | ROE: 17.26%  |  7.92%

Headlines

Date Subject
22-Jul-2021 暂缓还贷影响6%盈利 银行业下半年拨备料增加
22-Jul-2021 Banking - Gradual improvement in underlying interest margins, core fees and commission income
19-Jul-2021 RHB Bank - Chugging Along
16-Jul-2021 RHB Bank Bhd - Undeterred Confidence
09-Jul-2021 RHB Bank - Building up further provision buffers
05-Jul-2021 Banking - The Sun Will Shine Again
01-Jul-2021 Banking - Nothing alarming
01-Jul-2021 Banking - Stable loan growth; 10-year MGS yield trended higher
30-Jun-2021 Strategy - Malaysia: Navigating new landscape post-pandemic
29-Jun-2021 Banking - Moratorium Returns
29-Jun-2021 Banking - Wider coverage for loan moratorium
29-Jun-2021 BANKING - Automatic moratorium approvals for all opt-in individual loan borrowers
17-Jun-2021 数字银行执照抢翻天 传国油云顶杨忠礼虾皮母公司砂政府皆有意
08-Jun-2021 Banking - 1Q21 earnings review: Stronger top line but partially offset by additional provisions
04-Jun-2021 Banking - 1Q21 Report Card: A Good Beginning
03-Jun-2021 RHB Bank - A Fine Start
02-Jun-2021 Banking - Sustained loan growth; lower provisions
02-Jun-2021 1QCY21 Results Review - Within Expectation
02-Jun-2021 Malaysia Banks – April BNM Stats: Decent Before MCO 3.0
01-Jun-2021 Strategy - Malaysia: Recovery delayed, not derailed

Business Background

RHB Capital Bhd. is a financial services group in Malaysia. The group has five main subsidiaries: RHB Bank Berhad, RHB Investment Bank Berhad, RHB Islamic Bank Berhad, RHB Insurance Berhad, and RHB Asset Management Sdn Bhd. The largest subsidiary, RHB Investment Bank Berhad, provides capital market solutions, securities broking, asset management, and trustee services to a wide range of corporate, institutional, retail, and high net worth clients. The company also provides non-banking products such as general insurance, unit trust management, asset management/nominee, and custodian services. The bank has international presence with operations across multiple countries and offers solutions through personal and digital channels.
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  Jimmy Ng likes this.
 
yingzhe17 Rumors that cimb will be asked to take ammb .....
02/03/2021 1:35 PM
Riaz1954 CIMB will not take Ammb....for sure no need to.
04/03/2021 3:58 PM
DeepValueInvestor https://klse.i3investor.com/blogs/undervaluedbanks/2021-03-05-story-h1542034881-Uptrend_formed_next_target_for_KLFI_is_16200_16400.jsp
05/03/2021 5:17 PM
Choongling Who is the author of bank undervalued. Question.
25/02/2021 11:35 AM
06/03/2021 3:55 PM
Choongling Blog owner or who
06/03/2021 3:55 PM
vanbasten9 RM 1 upside potential in march.....watch out...buy as much as possible
10/03/2021 9:59 PM
FAIRnREASONABLE RHB is a good, solid and undervalued counter, considering the key figures shown in this i3 website:

Price=5.51; P/E=10.87; DY=3.20%; P/NAPS=0.82

It is well-managed, consistently profitable and paying dividends. There is certainly much upside potential at the right time.
13/03/2021 2:17 PM
FAIRnREASONABLE I like RHB too. Instead of investing directly in RHB, I chose to invest indirectly through OSK Holdings that owns 10.13% of RHB - 2nd after EPF.

Just for goodwill sharing, let's look at some interesting figures:

RHB NOSH = 4010 million; OSK NOSH = 2095 million.
Each OSK share indirectly owns 0.1939 RHB share.

At Friday's closing prices, RHB = 5.51, OSK=0.915.
Instead of buying RHB directly, if one spends 5.51 to buy OSK, he owns indirectly (0.1939x5.51/0.915)=1.168 RHB shares worth (1.168*5.51) = RM6.43.

Not only you have more in RHB, the rest of OSK's profitable businesses all thrown in free.
13/03/2021 2:36 PM
FAIRnREASONABLE I declare that I have OSK shares for long-term investment and bought some recently because I am still attracted by the key figures below as extracted from this i3 website:

OSK Price=0.915; P/E=5.65; DY=4.26; P/NAPS=0.37

Obviously the numbers are very good. OSK has been consistently profitable and paying dividends. 0.915 price is still entitled to 3 sen dividend.

I am not asking people to buy OSK, but happy to share factual information in this forum as reference to assist one's decision process.

Bear in mind too the negative view of OSK minorities on the conservative OSK management - in not creating shareholders' value as reflected in the stagnant share price. I am not aware of goreng activities if any.
13/03/2021 2:56 PM
Choongling https://www.klsescreener.com/v2/announcements/view/3323471
14/03/2021 7:23 PM
limyuwei While some analysts point out that AMMB’s settlement has raised the possibility of a merger, with RHB Bank Bhd cited as the most probable partner, others feel that any M&A that takes place will likely not be at the banking level but at a subsidiary such as insurance or asset management.

https://www.theedgemarkets.com/article/cover-story-will-there-be-merger-proposals-ammb
19/03/2021 9:11 AM
Riaz1954 Undervalued stock for sure
28/03/2021 9:31 AM
Keyman188 More Than 528 Million Shots Given: Covid-19 Tracker

In the U.S., 140 million doses have been administered; rollout goes global

(Updated: March 28, 2021, 8:06 AM GMT+8)


The biggest vaccination campaign in history is underway. More than 528 million doses have been administered across 141 countries, according to data collected by Bloomberg. The latest rate was roughly 13.8 million doses a day.

In the U.S., more Americans have received at least one dose than have tested positive for the virus since the pandemic began. So far, 140 million doses have been given. In the last week, an average of 2.68 million doses per day were administered.


## https://www.bloomberg.com/graphics/covid-vaccine-tracker-global-distribution/
28/03/2021 2:04 PM
Keyman188 Israel successfully vaccinated...

US faster than expected...
28/03/2021 2:05 PM
numberone Post removed. Why?
31/03/2021 9:25 PM
Riaz1954 Tide Will change soon.....for sure matter of time
09/04/2021 10:37 AM
Riaz1954 Vaccination is the way out ...it needs to accelerated. Some people quote Israel and NZ as examples.......check their population numbers? Also Israel is urban population as most migrated from Europe to take arab land
09/04/2021 10:39 AM
getingreal AGM 25th May to confirm final Div 7.5c will announce just after.
27/04/2021 1:57 PM
Choongling What happened to the special dividend for sale of RHB (labuan ) or something to Pacific trustee or something.
29/04/2021 7:07 PM
stockraider Buy loh!
29/04/2021 9:33 PM
Riaz1954 RHB a good buy....results will good.
21/05/2021 4:28 PM
Bgt 9963 Good luck...!
21/05/2021 4:48 PM
gcke https://www.theedgemarkets.com/article/rhb-bank-1q-net-profit-grows-14-yoy-boosted-higher-net-fundbased-and-nonfundbased-incomes
27/05/2021 3:51 PM
gcke Good QR performance as appended and shared above.
27/05/2021 3:52 PM
gcke Ex-date 9 JUne2021 for final dividend 7.65 cents.Read - https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=1066
27/05/2021 3:58 PM
Riaz1954 Well done RHB. RHB is due rerating for sure ...it should move up, supported by reasonable dividend
27/05/2021 4:26 PM
gcke Good and great price uptrend. Up 0.22 cents today. Rewards to investors holding the value stock through up and down cycles. Cheers.
28/05/2021 8:15 PM
Bgt 9963 Good luck...!
28/05/2021 8:22 PM
shearer202 All malaysians need 6 months moratorium !
28/05/2021 9:43 PM
gcke Axiata, RHB Bank to jointly bid for digital bank licence — sources
SINGAPORE (May 31): Malaysian telco Axiata Group Bhd has teamed up with RHB Bank Bhd to apply for a digital bank licence, two sources familiar with the matter told Reuters on Monday.

The sources declined to be identified as they were not authorised to speak to the media.

Malaysia's central bank has called for digital bank applications by June 30 and said it may issue up to five licences for online-only banks.

Across Asia, regulators are opening up banking for digital players, encouraged by a boom in mobile connectivity and the prospect of tech firms offering low-cost financial services. The Covid-19 pandemic has increased the need for digital transactions.

Axiata declined to comment on the digital bank application with RHB but said in an email it would hold a news conference with the bank on Wednesday "on significant partnerships that will expand collaborations between both parties."

RHB had no immediate comment.
31/05/2021 4:17 PM
gcke From The Edge,Malaysia - Axiata unit Boost and RHB ink deal to jointly bid for digital banking licence

/
June 02, 2021 13:21 pm +08
KUALA LUMPUR (June 2): Axiata Group Bhd's subsidiary Boost Holdings Sdn Bhd and RHB Banking Group have signed a heads of agreement to form a consortium to apply for a digital banking licence from Bank Negara Malaysia (BNM).

In a filing with Bursa Malaysia, Axiata said Boost Holdings would own a majority stake of 60% in the digital bank, while RHB would hold the remaining 40%.

"Celcom Axiata Bhd has signed up as a major commercial partner on joint go-to-market activities with the digital bank for products and services which will benefit customers of both parties," it said.

More to come
02/06/2021 2:17 PM
Zackmeiser Anyone will go for DRP? Compared to 7c DRP at 4.61 is no brainer? Unless something i am not seeing. Its 1 to 1 right?
03/06/2021 5:20 PM
getingreal I don't think the DRP entitlement numbers have been announced yet. 'Zackmeiser' where did you get your info, and is it correct?
04/06/2021 12:59 PM
wsb_investor DRP will result in odd lots right?
04/06/2021 3:28 PM
getingreal You will be able to nominate how many DRP shares you take up to your maximum. So if you don't want to end up with odd lots you only nominate to take full lots. The balance will be paid in cash.
04/06/2021 4:32 PM
getingreal Does anyone have a clue as to when RHB is going to set out its DRP detail strike price
and offer?
12/06/2021 10:51 AM
getingreal I hope RHB mail out the offer early. Maybank posted their DRP forms on the 2nd June and I still have not received the forms. Post in Malaysia is not prompt or reliable! Maybanks DRP closes on the 16th, so I have run out of time. No choice, I will have to print out a blank form, do the calculations manually and hope I get it right and then courier it to them. Troublesome, risky and expensive!
12/06/2021 11:00 AM
Brutus Check with Boardroom Registry should be way faster than waiting for mail in form. If not mistaken the DRP price is set up to 10% discount to the average 5-Day closing prices before Ex-Date.
12/06/2021 7:14 PM
getingreal Thanks Brutus, but 9th June was the Ex date so its already gone Ex. Still no information as to DRP price.
13/06/2021 12:43 PM
Choongling If we don’t reply to the DRP letter meaning don’t subscribe DRP share or what ? In case don’t get the letter,just understand what mean to me.
14/06/2021 9:34 AM
Brutus The details of DRP is up in Boardroom Registry already:

The new RHB Bank Shares will be issued to you at the issue price of RM4.61 per new RHB Bank Share (“Issue Price”) as determined by our Board on 25 May 2021 (“Price Fixing Date”). The Issue Price is based on the 5-day VWAP of RHB Bank Shares of RM5.1930 up to and including 24 May 2021, being the last trading day before the Price Fixing Date, after adjusting for the following:
(i) the Final Dividend of RM0.0765 per RHB Bank Share to the 5-day VWAP of RHB Bank Shares (“Ex-Dividend VWAP”); and
(ii) a discount of RM0.5065 which is approximately 10% discount to the Ex-Dividend VWAP of RM5.1165.

Done subscribing via Boardroom. Super easy and fast. Now just patiently wait till next month for the shares to be credited.
14/06/2021 2:07 PM
stockinvestorbest RHB and Axiata analysis

https://www.youtube.com/watch?v=lHpwJFq9VBs
15/06/2021 8:55 PM
tollebunsmith Closing embargo trance was 7.5 mil done against 4,3 mil done at 4.45 for MBB
Closing embargo trance was 23 mil done against 12.1mil done at 4.45 for PBB

so someone was exixitng (foreign) and someone was grabbing (local)

i suspect cos of the 2022/2023 probable rate hike by Powell
18/06/2021 9:02 PM
stockraider BUY LAH!
19/06/2021 11:03 AM
wsb_investor https://www.nst.com.my/news/nation/2021/06/703091/6-month-bank-loan-moratorium-individuals-micro-entrepreneurs
28/06/2021 6:03 PM
getingreal Interest deferred it not free. So bottom line will be slightly affected due to slow cash flow, but it will not affect NTA, or even P&L much.
28/06/2021 8:43 PM
Choongling https://www.chinapress.com.my/20210629/%e8%b4%a2%e9%95%bf%e5%a3%b0%e6%98%8e-%e6%9a%82%e7%bc%93%e8%bf%98%e8%b4%b7%e6%b2%a1%e5%85%8d%e6%81%af/
29/06/2021 11:11 PM
Choongling Just saw a clip, Euro cup now is a big step in opening up. European countries are confident now. Be prepared for opening up soon.
01/07/2021 12:57 AM
stkoay Retain our OVERWEIGHT stance on the sector with our top BUYs on RHB Bank (fair value RM6.90/share), Maybank (FV RM10.40/share) and CIMB Group (RM5.60/share). We favour banks with expected improvement in regional performance from the gradual economic recovery and banks with undemanding valuations.

Source: AmInvest Research - 1 Jul 2021
01/07/2021 5:57 PM
Choongling RHB BANK BERHAD ("RHB BANK") DISPOSAL BY RHB BANK (L) LTD ("RHBBL"), A WHOLLY-OWNED SUBSIDIARY OF RHB BANK, OF ITS ENTIRE EQUITY INTEREST IN RHB INTERNATIONAL TRUST (L) LTD ("RHBIT") TO PACIFIC TRUSTEES BERHAD ("PACIFIC TRUSTEES") FOR A CASH CONSIDERATION OF APPROXIMATELY USD173,490 ("DISPOSAL"). For such sale of sub company, should it give out a special dividend ?? Just curious
01/07/2021 9:09 PM


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