Bursa Malaysia Stock Watch
RHBCAP - Kenanga raises RHB Cap earnings forecast
kltrader
Publish date: Wed, 25 Aug 2010, 12:24 PM
kltrader
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Stock Name: RHBCAP
Company Name: RHB CAPITAL BHD
Research House: KENANGA
Kenanga Research today raised its earnings forecast for RHB Capital Bhd's FY10-11 by five and seven per cent respectively, but maintained a "hold" rating on the share.
"We rolled forward our valuation year to FY11 with a new target price of RM7.00 with a 15.4 per cent return on equity estimate," it stated.
Meanwhile, OSK Research in a note said it is maintaining a buy call on RHB Capital at a target price of RM7.85.
It said that the group's near term operational outlook remains intact, with 2QFY10 loans growth momentum remaining strong at 4.1 per cent quarter-on-quarter.
"1HFY10 return on equities came in at 15.3 per cent versus our full year forecast of 14.2 per cent, signalling compelling growth traction," OSK added. -- Bernama
Company Name: RHB CAPITAL BHD
Research House: KENANGA
Kenanga Research today raised its earnings forecast for RHB Capital Bhd's FY10-11 by five and seven per cent respectively, but maintained a "hold" rating on the share.
"We rolled forward our valuation year to FY11 with a new target price of RM7.00 with a 15.4 per cent return on equity estimate," it stated.
Meanwhile, OSK Research in a note said it is maintaining a buy call on RHB Capital at a target price of RM7.85.
It said that the group's near term operational outlook remains intact, with 2QFY10 loans growth momentum remaining strong at 4.1 per cent quarter-on-quarter.
"1HFY10 return on equities came in at 15.3 per cent versus our full year forecast of 14.2 per cent, signalling compelling growth traction," OSK added. -- Bernama
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