Bursa Malaysia Stock Watch

RHB Capital: Maintain Sell - Subdued 1Q12, OSK Terms In Line

kltrader
Publish date: Tue, 29 May 2012, 11:33 AM
kltrader
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SELL maintained. RHB Cap's 1Q12 results were within our expectations and consensus, while the pricing and acquisition terms for OSK too were not far from our estimates. Our forecasts are maintained, as is our SELL call. Our TP of MYR7.20 tags on a FY12 P/BV of 1.3x on a prospective FY12 ROE of 14%.

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Source: Maybank Research - 29 May 2012
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