Posted by speakup > 3 weeks ago | Report Abuse

https://www.nst.com.my/news/nation/2024/08/1099174/rotiboy-klcc-closes-forever-21-year-legacy-ends-sept-8

Posted by prudentinvestor > 3 weeks ago | Report Abuse

@GreenTrade, 11 months ago, Both CIMB Bank and RHB Bank were trading at under RM5.50 a share. CIMB closed at RM8.20 two days ago.

Posted by prudentinvestor > 3 weeks ago | Report Abuse

Maybank the tiger is roaring forward but RHB Bank is already panting heavily after running for a few steps..

Posted by prudentinvestor > 3 weeks ago | Report Abuse

Kenanga has a buy call on RHB Bank with tp raised from RM7.25 to RM7.55. HLIB has also called for a buy on RHB Bank with tp of RM6.75. Only a very slight positive reaction from RHB Bank.😑😑

Posted by pang72 > 3 weeks ago | Report Abuse

[RHBBANK] Interim Dividend on 17-Sep-2024
Announcement Date: 28-Aug-2024
Related Stock:

RHBBANK
RHB BANK BERHAD
FY: 31-Dec-2024
Amount
RM 0.1500
Ex Date
17-Sep-2024
Entitlement Date
18-Sep-2024
Payment Date
30-Sep-2024

Posted by prudentinvestor > 2 weeks ago | Report Abuse

Banks are doing well today and RHB Bank is no exception but RHB Bank has a long journey to catch up.

Posted by Bursino > 2 weeks ago | Report Abuse

Is it a good idea to sell before ex-date? I see many counters drop drop drop more than the amount of dividend after ex.

Posted by prudentinvestor > 2 weeks ago | Report Abuse

RHB Bank only started to move up about 2 months ago from around RM5.50 a share whereas CIMB Bank started to move up from RM5.50 about 9 months ago. I think RHB still has a long way to go. I would sell some if it spikes by over 30 sen in a single day before it trades ex dividend. The choice is yours.

Posted by Mytime > 2 weeks ago | Report Abuse

Hopefully hit 7.00 soon

Posted by Bursino > 2 weeks ago | Report Abuse

Thank you @prudentinvestor

Posted by xiaochen > 2 weeks ago | Report Abuse

Haha, it turns out that RHB can also keep increase the share price by a few cents for days.

Posted by prudentinvestor > 2 weeks ago | Report Abuse

CIMB Bank the rabbit has already dashed to RM8.44, the highest in over 10 years. RHB Bank the tortoise is still struggling to overcome RM6.30.

Posted by xiaochen > 2 weeks ago | Report Abuse

As you said, CIMB nature like rabbit, always trade in high BETA. i have no surprise for CIMB break RM9 sooner or later.

But, as a turtle nature like RHB, this is already surprise me.

Posted by Mytime > 2 weeks ago | Report Abuse

Be positive. Think long-term

Posted by prudentinvestor > 2 weeks ago | Report Abuse

At long last, RHB Bank has managed to cross this important hurdle. Hopefully it continues with its slow uptrend.

Posted by Tedinvestor > 2 weeks ago | Report Abuse

Slow but steady. Not bad though

Posted by xiaochen > 2 weeks ago | Report Abuse

Walking with turtle really need lots of patience.
Every single cent forward, take a lots of effort.

Posted by prudentinvestor > 2 weeks ago | Report Abuse

The last time RHB Bank reached this level was almost two and a half years ago. So disappointing.

Posted by mf > 2 weeks ago | Report Abuse

1066 RHBBANK, RHB BANK BERHAD - +
OTHERS
10 Sep 2024, 18:09
OTHERS
OTHERS
RHB BANK BERHAD ("RHB BANK" OR "THE COMPANY")KUALA LUMPUR HIGH COURT
ORIGINATING SUMMONS NO. WA-24NCC-433-09/2024 AND NOTICE OF APPLICATION FOR
INTERIM INJUNCTION FILED BY TOKIO MARINE LIFE INSURANCE MALAYSIA BERHAD AGAINST
RHB BANK
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

Posted by Smokey Investor > 2 weeks ago | Report Abuse

@mf, very little material impact

Posted by prudentinvestor > 2 weeks ago | Report Abuse

Even if the judge rules in favour of Tokio Marine and RHB Bank has to pay a couple million of compensation, it won't make a dent in RHB Bank's bottom line. What is say RM3 million to RHB Bank's earnings of around RM2.9 billion?

Posted by mf > 2 weeks ago | Report Abuse

S&P 500 falls as traders deal with new inflation data, September volatility

Posted by prudentinvestor > 2 weeks ago | Report Abuse

10 years ago, KLCI was slightly above 1,800 points, S&P was around 2,000 points. Today, S&P has gone up to over 5,500 points but our KLCI is still struggling at 1625 points. Nasdaq has performed much better. Falls in the US won't have any lasting effect on our market.

Posted by JJPTR > 2 weeks ago | Report Abuse

10 years ago, Dow components were different from today.
They kick out counters about to go trend lower, replace with new uptrend counters. CHEATING, to give u impression Dow is long term uptrend.
If they put back the original Dow component of 10 years ago, like GE, Dow will be about half of now

Posted by pang72 > 2 weeks ago | Report Abuse

Next Tuesday 17sep Rhb turns for ex dividend 17c..

Today, cimb gao up 10c over exdate bring confident to banking stock again

Posted by prudentinvestor > 2 weeks ago | Report Abuse

@JJPTR, they kicked out only 8 non performing Dow component counters over the past 10 years. Even if those counters were reinstated, they won't cause Dow to drop by 50%. This is possible if we exclude gains achieved by Amazon, Apple and Microsoft over the past 10 years. It is a fact that many US stocks, especially Nasdaq counters have gone crazy.

Posted by prudentinvestor > 1 week ago | Report Abuse

RHB Bank has declared an interim dividend of 15 sen a share, not 17 sen a share. Hopefully it would declare 17 sen a share next financial year.

Posted by pang72 > 1 week ago | Report Abuse

OK. Typo error 15c dividend...
As per closing at $6.30 so the opening price is $6.15..

Hopefully can cover the dividend in one day...

Posted by prudentinvestor > 1 week ago | Report Abuse

RHB Bank's adjusted price is RM6.15. If it could rise to last Friday's closing price of RM6. 30 tomorrow, I am sure its share price would gain further ground.

Posted by pang72 > 1 week ago | Report Abuse

Tmr, Rhb in focus.
It shld outperform like CIMB

Posted by pang72 > 1 week ago | Report Abuse

Cimb has covered dividend gap within one week making shortest days in record.
Next be Rhb, pbb, maybank..

Let's fly

Posted by prudentinvestor > 1 week ago | Report Abuse

Unable to hold on to its recent gains. What a pity!

Posted by pang72 > 1 week ago | Report Abuse

Up 1c is awesome

Posted by prudentinvestor > 1 week ago | Report Abuse

CIMB Bank the rabbit has gone further ahead. It is now RM2.20 higher than RHB Bank.

Posted by pang72 > 1 week ago | Report Abuse

Rhb with 7% yield is supported by long term dividend lovers..
I don't see any unusual but I strongly feel it can be at $7

Posted by prudentinvestor > 1 week ago | Report Abuse

At RM5.70 a share recently, its yield was 7%. Now at RM6.20, its yield has dropped to 6.45%. It has to increase its dividend payout to maintain a yield of 7%. Well, it has the capacity to do so.

Posted by prudentinvestor > 1 week ago | Report Abuse

Excluding sharp rebounds after sharp falls in 2020, RHB Bank's performance over the last 5 weeks is the best in many, many years. Still it pales in comparison with CIMB Bank's performance. Maybank, AmBank and Public Bank have all performed better also.

Posted by Tehkim1295 > 1 week ago | Report Abuse

PREDICTION: A 10% IMPROVEMENT IN DPS, THAT ALIGNS WITH THAT OF EPS, TO BE ANNOUNCED IN Q1 25’

Prediction is based on the following 3 OBSERVATIONS:

OBSERVATION 1. Employee SGS (share grant scheme) initiated in June 22’ source: (1)-(4)
Date Shares offered Vesting period
July 22’ 4.7 mil / (0.3 mil) July 25’
May 23’ 5.4 mil / (0.3 mil) June 26’
Mar 24’ 4.7 mil / (0.3 mil) June 27’
Jul 24’ 0.1 mil June 27’
(for ceo)

•With impending vesting dates, there’s incentive alignment to drive up prices sustainably in next few years.

OBSERVATION 2. In Aug 24’, Management indicated confidence in reaching > 10% ROE for FY2024. source: (5)

•This implies an EPS of > 0.70 for FY24, as recent quarters NAPS stood steadily above 7.0.
•With FY 23 EPS @ 0.65, the obvious target headline is to have 10% improvement in earnings, from 0.65 to 0.72+

OBSERVATION 3. Soon-ending of Together We Progress 2024 (‘TWP24’) corporate strategy. source: (5)-(6)

•A major milestone with completion of current strategy and unveiling of new strategy in Q1 25’

Sources:
(1)https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3461043
(2)https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3428075
(3)https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3353731
(4)https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3273812
(5)https://klse.i3investor.com/web/blog/detail/ceomorningbrief/2024-08-28-story-h-153233927-RHB_Bank_Confident_of_Achieving_Over_10_ROE_in_2024_as_Operating_Landsc
(6)https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=229377&name=EA_FR_ATTACHMENTS

Posted by GreenTrade > 1 week ago | Report Abuse

Hope you guys are enjoying 500%+ gains on RHBC53 :)

Although warrants are risky, but if you know, you know.

Posted by treasurehunter > 1 week ago | Report Abuse

RHBC53 current gearing is less than 10, and expired soon, may consider to switch to Maybank C1R, which gearing x25 and maturity period with 6 months period

Posted by pang72 > 1 week ago | Report Abuse

I still prefer low risk mother share but it is much dependant your risk appetite to opt for warrant.
Congrate for big win

Posted by prudentinvestor > 1 week ago | Report Abuse

Better to invest in something that you are familiar with rather than something that you know little or completely don't know.

Posted by pang72 > 1 week ago | Report Abuse

$6.25 closing rxtreamly strong and steady.
Next week shall close the dividend gap to $6.30

Posted by prudentinvestor > 1 week ago | Report Abuse

From a low of 5.48 just one and a half months ago to RM6.25 today on top of a15 sen a share interim dividend, I have no complaint about its recent performance. Still a long way to go to match other banks.

Posted by pang72 > 3 days ago | Report Abuse

Payment Date
30-Sep-2024

Posted by Bursino > 3 days ago | Report Abuse

DY is coming down fast. Now 6.34. If it goes down lower, to consider cash conversion.

Posted by prudentinvestor > 3 days ago | Report Abuse

DY is still a very high 6.4%, more than twice local banks' 12 month fixed deposit rates. PE is still lower than 10.

Posted by Tehkim1295 > 2 days ago | Report Abuse

NEXT 5 YEARS OUTLOOK NUMBERS

Retailers can use some basic mathematics to understand how management set the expectations on growth & payouts

i) ROE – widely used metric to indicate management efficiency. Let’s assume in the next business plan, a 10% sustainable, achievable target is set.

ii) EPS growth – Management to set. Let’s assume they look at 3 scenarios of high, medium, low growths.

iii) Dividend payout ratio – DPR is surprisingly a useful lever used to manage i) & ii)

We work out some calculations* below and notice the following EPS – DPR mapping:

EPS growth corresponding DPR
High 4.5% 55%
Med 3.5% 65%
Low 2.5% 75%

Calculations*:
DPR 55.00%
Target ROE BV EPS DV RE Implied EPS growth
10% 2024 7.20 72 40 32
10% 2025 7.52 75 41 34 4.5%
10% 2026 7.86 79 43 35 4.5%
10% 2027 8.22 82 45 37 4.5%
10% 2028 8.59 86 47 39 4.5%
10% 2029 8.97 90 49 40 4.5%
2030 9.38

DPR 65.00%
Target ROE BV EPS DV RE Implied EPS growth
10% 2024 7.20 72 47 25
10% 2025 7.45 75 48 26 3.5%
10% 2026 7.71 77 50 27 3.5%
10% 2027 7.98 80 52 28 3.5%
10% 2028 8.26 83 54 29 3.5%
10% 2029 8.55 86 56 30 3.5%
2030 8.85

DPR 75.00%
Target ROE BV EPS DV RE Implied EPS growth
10% 2024 7.20 72 54 18
10% 2025 7.38 74 55 18 2.5%
10% 2026 7.56 76 57 19 2.5%
10% 2027 7.75 78 58 19 2.5%
10% 2028 7.95 79 60 20 2.5%
10% 2029 8.15 81 61 20 2.5%
2030 8.35

Posted by cheeseburger > 2 days ago | Report Abuse

market is preparing share price adjustment after pay out next monday. First mover advantage, the rest will follow suit.

Posted by prudentinvestor > 16 hours ago | Report Abuse

Too bad, unable to hold above its ex dividend price of RM6.15. Hope it doesn't drop further.