Bursa Malaysia Stock Watch
OSK Research maintains overweight on banks
kltrader
Publish date: Mon, 13 Sep 2010, 03:53 PM
kltrader
0 20,412
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
KUALA LUMPUR: OSK Research is maintaining its Overweight on banks with CIMB, Maybank and RHB Capital as its Top Buys.
The research house issued the report on Monday, Sept 13 after the Basel committee decided to raise minimum common equity requirement from 2% to 4.5% by 2015 with an additional 2.5% buffer by end 2018. The longer term target as of 1 Jan 2019 is 7%
"This 7% longer term target is at the lower end of the 6%-9% range the market was expecting. So everyone can breathe a sigh of relief. All banks under our coverage, even if we assume full deduction of regulatory adjustments, meet the 4.5% shorter term target," it said.
OSK Research said Public Bank will have to raise capital but only to meet the longer term 7% goal.
"CIMB and Maybank are the biggest beneficiaries as they have excess capital which can be returned as dividends or used to generate faster asset growth," it said.
The research house maintained its Overweight on Banks with CIMB (fair value: RM8.70), Maybank (FV: RM9.25) and RHBCap (FV: RM7.85).
The research house issued the report on Monday, Sept 13 after the Basel committee decided to raise minimum common equity requirement from 2% to 4.5% by 2015 with an additional 2.5% buffer by end 2018. The longer term target as of 1 Jan 2019 is 7%
"This 7% longer term target is at the lower end of the 6%-9% range the market was expecting. So everyone can breathe a sigh of relief. All banks under our coverage, even if we assume full deduction of regulatory adjustments, meet the 4.5% shorter term target," it said.
OSK Research said Public Bank will have to raise capital but only to meet the longer term 7% goal.
"CIMB and Maybank are the biggest beneficiaries as they have excess capital which can be returned as dividends or used to generate faster asset growth," it said.
The research house maintained its Overweight on Banks with CIMB (fair value: RM8.70), Maybank (FV: RM9.25) and RHBCap (FV: RM7.85).
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
2
3
BFM Podcast
5
Good Articles to Share
6
7
BFM Podcast
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
