Bad news continued to surround financial sector and investor are staying away but Robie still compute RHBBank as 5/8*..
Fundamental for RHBBANK (1066). [Macq]
FA Ratings : 5/8*
PE = 9.22 **
ROE = 9.63 %
DIY = 2.19 % **
Mkt Cap: 22,897.4M (RM) in Large Cap, Financial Services, Main Market.
(3-Yrs CAGR: +3.7% p.a.)
Note: [s] = Syariah, ** = Good.
@ Trading at Fair Price (relative).
Intrinsic Valuation Desk
Intrinsic Value @ 10% disc rate = RM 5.96, IV @ 3.6% = RM 46.00, IV @ 7.5% = RM 10.60, IV @ 12% = RM 4.14,
Share is *Undervalued *, Safety Margin @ 10% disc rate = 4 % (Neutral ).
Target Price: 6.50 @ P/PE@ 10.5x, potential +13.8 %.
(Recommend Safety Margin > +40% or higher for undervalued share if negative safety margin, overvalued share.)
For FA Ratings (Best=8*), recommend to invest at 3* & above.
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