RHB Bank (RHBBANK,1066) 

• RHB Bank gained 7 sen (1.3%) to close at RM5.45 yesterday.
• RHB's share price has declined 13.7% from its 52-week high to RM5.07 on 16 Aug following the announcement of Aabar Investment's intention to dispose of its stake in RHB. Since then, the share price has been picking up gradually.
• Recent reported quarterly result was in line with consensus without any nasty surprises. We expect some follow-through buying towards RM5.55 (R1) further to RM5.70 (R2).
• Meanwhile, support levels can be found at RM5.06 (S1) and RM4.99 (S2). 

Source: Rakuten Research - 5 Sept 2018