Bursa Malaysia Stock Watch

RHBCAP - RHBCap a 'buy', says HwangDBS

kltrader
Publish date: Tue, 30 Nov 2010, 10:36 AM
kltrader
0 20,638
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.
Stock Name: RHBCAP
Company Name: RHB CAPITAL BHD
Research House: HWANGDBS



RHB Capital's (RHBCap) 15 per cent loan growth as at September 10 has met HwangDBS' financial year 2010 forecast.

Given the solid loan growth and lower provisions, it raised financial year 2010-2011(forecast) loan growth to 15-18 per cent from 12-15 per cent, HwangDBS said.

Our target price of RM10 assumes 5 per cent long term growth rate, 10.5 per cent cost of equity, and 16 per cent return on equity.

RHB Cap remains one of the cheapest large cap banks in Malaysia. - Reuters

 
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment