RHB BANK BERHAD

KLSE (MYR): RHBBANK (1066)

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Last Price

5.66

Today's Change

+0.03 (0.53%)

Day's Change

5.61 - 5.70

Trading Volume

1,983,800


2 people like this.

2,468 comment(s). Last comment by cwc1981 1 week ago

stockraider

29,819 posts

Posted by stockraider > 2 months ago | Report Abuse

Great undervalue bank to invest loh!

Good dividend yield loh!

Bullish mah!

Posted by TreeTopView > 2 months ago | Report Abuse

This appears to finally be reaching towards the crossroads on a technical analysis. The question is, how long or short will the time period be before it takes an up or down direction. The last time it was in this position (or reaching this position) was in December 2021 and early January this year. Eventually it broke out to the upside on January 11th.

As a holder I obviously have a natural bias and believe the break will be to the upside. Trying to be unbiased, I'd think that a break and close above 6.08 would indicate that the Rm6 "psychological barrier" has fallen.. As it possibly moves into uncharted waters, I've use Fibonacci to determine some reference price points:

TP1: 6.10
TP2: 6.18
TP3: 6.29
TP4: 6.46

To the downside, watch for any breaks at 5.90, then 5.82.

If I had to put me c*ck on the block and make a decision on the eventual direction then I'd say up, perhaps supported by the 25 cent dividend that should go Ex. Dividend somewhere around mid May. Currently, any softness between 5.90 and 6.00 might be an opportunity to buy in or top up.

Just my thoughts, don't shoot me as I'm only following the bus, not driving it :)

LouiseS

264 posts

Posted by LouiseS > 2 months ago | Report Abuse

RHB BANK: 大马市值第五大银行,值得投资吗?
RHB BANK BERHAD 2021 年度财报分析
https://youtu.be/ITEhIQC67qw

Posted by TreeTopView > 2 months ago | Report Abuse

The temptation was too great and I had to top up at 5.95 yesterday. I also have a couple of bids in at just below 5.90 but I'm very doubtful of them being hit.........but stranger things have happened :)
Bollinger bands are steadily getting tighter, so something has to eventually break.........up or down is the question.

stockraider

29,819 posts

Posted by stockraider > 2 months ago | Report Abuse

This is one of the most attractive bank in town loh!

alan55

30 posts

Posted by alan55 > 2 months ago | Report Abuse

I saw one investor or shareholder asking if last year AGM had any door gift.
What a joke, hoping to collect freebies when attending AGM. Informed investors attend AGM to ask quality questions and promote shareholder activism. Only pariahs attend with objective of collecting freebies.

Posted by Investfrog > 2 months ago | Report Abuse

How to attract Investor , door gift at AGM, EGM, MOU , Ceremony.

Posted by TreeTopView > 1 month ago | Report Abuse

Is this the wave that pushes through the 6.03 top Bollinger Band? It's had a few attempts in recent weeks but never been able to make the break. The MACD indicator is suggesting it possibly will, only time will tell. It's also being helped by reasonably strong volume.

Let's see how it unfolds.

Posted by Investfrog > 1 month ago | Report Abuse

It probably will break thru this time around, this week might be a crucial time

Posted by TreeTopView > 1 month ago | Report Abuse

They closed it right on 6.03, buying 1,052,000 at the closing auction. A nice little test for it tomorrow to attempt a break out.

Posted by TreeTopView > 1 month ago | Report Abuse

With overnight global markets crapping themselves, it seems that we will yet again have to wait for RHB to crack the 6.03 level..........ho hum ~~~~~~

Posted by prudentinvestor > 1 month ago | Report Abuse

Maybank, Public Bank and CIMB Bank investors had all received their final dividend payments and probably spent the money. Poor RHB Bank investors still don't know when they would receive their final dividend.

Posted by TreeTopView > 1 month ago | Report Abuse

If it looks like a breakout and smells like a breakout, then it might be a breakout :)

troy88

1,401 posts

Posted by troy88 > 1 month ago | Report Abuse

Congrats to those who were patient with RHB

stkoay

4,708 posts

Posted by stkoay > 1 month ago | Report Abuse

Finally.....

Posted by TreeTopView > 1 month ago | Report Abuse

I'd like to repost an extract from a previous post I made, mainly for the relevance of the Fibonacci numbers mentioned. This was posted on April 9 and I think the figures remain relevant.

**************************************************************
Apr 9, 2022 12:00 PM | Report Abuse

This appears to finally be reaching towards the crossroads on a technical analysis. The question is, how long or short will the time period be before it takes an up or down direction. The last time it was in this position (or reaching this position) was in December 2021 and early January this year. Eventually it broke out to the upside on January 11th.

As a holder I obviously have a natural bias and believe the break will be to the upside. Trying to be unbiased, I'd think that a break and close above 6.08 would indicate that the Rm6 "psychological barrier" has fallen.. As it possibly moves into uncharted waters, I've use Fibonacci to determine some reference price points:

TP1: 6.10
TP2: 6.18
TP3: 6.29
TP4: 6.46

kllady_fidah

1,610 posts

Posted by kllady_fidah > 1 month ago | Report Abuse

top candidate for Dig Banking ...HUAT CHAI!!!!

Posted by TreeTopView > 1 month ago | Report Abuse

Murmurs of the Digital Banking Licence being announced today.

https://klse.i3investor.com/web/blog/detail/ceomorningbrief/2022-04-29...

gohku

368 posts

Posted by gohku > 1 month ago | Report Abuse

Rhb bank is a good bank to invest now, because still undervalue and have growth prospect.

Posted by TreeTopView > 1 month ago | Report Abuse

Clearly the perception of winning a digital banking license is seen by the market as a plus.
However, imo, if RHB were not to be one of the successful bidders I don't believe that it would dent its future growth prospects.

Do I want them to win a licence? Yes.
Is it a deal breaker if they don't get it? No.

Posted by TreeTopView > 1 month ago | Report Abuse

BNM awards digital banking licence to RHB-Boost, GXS Bank-Kuok Brothers, YTL-SEA, AEON Credit, KAF Consortium

Posted by TreeTopView > 1 month ago | Report Abuse

1) The above Company's securities will be traded and quoted "Ex - Dividend” as from: 17 May 2022
2) The last date of lodgement : 18 May 2022
3) Date Payable : 16 Jun 2022

On 28 February 2022, RHB Bank had announced a single-tier final dividend for the financial year ended 31 December 2021 of RM0.25 per RHB Bank Share ("Final Dividend") of which the shareholders of RHB Bank may elect to reinvest a portion of the Final Dividend comprising RM0.10 per RHB Bank Share ("Electable Portion") into new RHB Bank Shares to be issued pursuant to the DRP ("DRP Shares") with the remaining portion of the Final Dividend of RM0.15 per RHB Bank Share ("Remaining Portion") to be paid in cash. If only part of the Electable Portion is reinvested, the balance of the Electable Portion not reinvested and the Remaining Portion will be paid in cash.

Following the above, the issue price of the DRP Shares had been fixed today at RM5.17 per DRP Share.

Posted by prudentinvestor > 1 month ago | Report Abuse

RHB Bank's share price should hold at above RM6 a share when it trades ex-dividend on the 17th of next month. At an issue price of RM5.17 per DRP share, even those holding 2,000 shares should be able to make some money.

Posted by TreeTopView > 1 month ago | Report Abuse

prudentinvestor, I think any readjustment of the price when it goes ex dividend will probably be short lived, perhaps a bit similar as to how Maybank's price reacted to going ex dividend on March 16.
We also have to consider what the price will be the day prior to the ex date. By closing on its daily high on Friday at 6.25, my next target level is 6.29 if it keeps following its Fibonacci path.

Beyond that, we should be looking at 6.46 as a further Fib. point. It would be very bullish if it could reach there before the ex date.......but perhaps I'm setting my short term hopes a bit high :)

Although anything is possible with its current positive sentiment.

Posted by TreeTopView > 1 month ago | Report Abuse

BNM surprisingly raises rates earlier than expected.

https://www.theedgemarkets.com/article/bnm-raises-opr-2-record-low-175

Choongling

186 posts

Posted by Choongling > 1 month ago | Report Abuse

Interest rate up. So next month and onwards is secured. At least same as last quarter.

Posted by TreeTopView > 1 month ago | Report Abuse

RHB goes ex dividend on Tuesday after the public holiday. With the current price of 6.04 I obviously expect to see it go to 5.80 due to the 25 cent dividend.
I'd expect it to return to above Rm6 in the not too distant future.

Posted by Investfrog > 1 month ago | Report Abuse

RHB recently is a hot cake of digital banking. Will it convert to better bank ranking and replace CIMB ?

LouiseS

264 posts

Posted by LouiseS > 1 month ago | Report Abuse

大马九大银行股哪一家最值得投资?
https://youtu.be/Q6Hw0ITlkvQ

Yt Chong

50 posts

Posted by Yt Chong > 1 month ago | Report Abuse

hello all the sifu, RHB dividend, reinvestment or cash out better?

Posted by Thirai Thiraviam > 1 month ago | Report Abuse

It depends on how many shares you have, and what platform you use. If you have at least 1,500 shares, then reinvest. If less, take the dividend.

If suppose you have 1,500 shares, you'd be entitled to 1,500 x RM0.25 = RM375 dividend. Of this, 1,500 x RM0.10 = RM150 could be reinvested at RM5.17 per share for 29 shares. Add RM13 stamp charges, etc., and your per-share cost would become RM5.62, which is slightly lower than the current market price. If you only have 1,000 shares, your per-share cost would become RM5.94.

Yt Chong

50 posts

Posted by Yt Chong > 1 month ago | Report Abuse

ya i just got 1,000 shares, confusing. thanks for sharing ya

Posted by prudentinvestor > 4 weeks ago | Report Abuse

RHB is trading at a PE of just over 9 and a dividend yield of almost 7%. Should be trading at a PE of at least 12.

Posted by smallseller > 4 weeks ago | Report Abuse

can expect good quarterly results to be released today

Posted by TreeTopView > 4 weeks ago | Report Abuse

The chart is showing early signs of a move up, following the drop in price since it went ex. dividend recently. No doubt we'll get confirmation one way ot the other with the upcoming quarterly report.
I'd be comfortable with a quarterly EPS around the 16 cent mark and anything else would be a bonus.

Fingers crossed.

Posted by TreeTopView > 3 weeks ago | Report Abuse

Headline results a little lower than I had hoped for but nothing fatal.
Need to spend a bit of time going though the report.

apprentice

781 posts

Posted by apprentice > 3 weeks ago | Report Abuse

PBT for 1Q22 is higher than 1Q21. With the cukai makmur, most banks will have reduced PAT for 2022.

Posted by TreeTopView > 3 weeks ago | Report Abuse

Yes, tax costs have increased plus booking payments of deferred taxes.

Posted by prudentinvestor > 3 weeks ago | Report Abuse

Should be able to maintain earnings at above 60 sen a share this financial year. Still trading at a cheap valuation.

Posted by bullmarket1628 > 3 weeks ago | Report Abuse

Walaoeh, what happened?
Super damn hot man RHBBank today !
RHBBank closed at=> RM6.08 (+0.17) (+2.88 %) !

Heng ah, Ong ah, Huat ah !

Posted by prudentinvestor > 3 weeks ago | Report Abuse

Those who had bought RHB on Friday 13/5 at RM6.04/05 before it went ex-dividend the following Monday had made a correct decision. Now a cool RM0.25 gain.

Posted by prudentinvestor > 1 week ago | Report Abuse

I think EPF's 42% controlling stake in RHB Bank is way too high. It should pare down its stake to around 30%.

nicholas99

6,452 posts

Posted by nicholas99 > 1 week ago | Report Abuse

wait 2am powell announcement.

cwc1981

394 posts

Posted by cwc1981 > 1 week ago | Report Abuse

Seems like EpF only buying bank stock lately

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