Posted by Brutus > 2023-05-21 22:01 | Report Abuse

@Mingshen Teow, DRP if exercise correctly is a good thing as RHB remains very low PE. If done incorrectly, the DRP is dilutive in nature.

Posted by prudentinvestor > 2023-05-22 10:28 | Report Abuse

I would prefer not to have DRP. Just look at Maybank, its eps has remained stagnant for over 10 years due to DRP issues.

Posted by kimchuant8 > 2023-05-22 23:54 | Report Abuse

Drp mean will get odd lot. Odd lot need to sell off line through reminser. Charge higher. If sell odd lot same day with lot shares; charges same as online charge. That’s what my rhb reminser told me.

Posted by Mingshen Teow > 2023-05-23 09:58 | Report Abuse

actually odd lot will not be a big problem right, because 100 odd lot = 1 lot, so if we keep the stock long enough and not selling it frequently, eventually the charges only one time charge only

Posted by Brutus > 2023-05-23 11:36 | Report Abuse

@kimchuant8. odd lots can be bought and sold online. No need to do it offline.

Posted by prudentinvestor > 2023-05-23 16:30 | Report Abuse

I suppose we still have to pay brokerage and other charges when we trade in odd lots. Won't be selling my odd lots. Just keep them to get dividends.

Posted by linges > 2023-05-24 12:35 | Report Abuse

nearing to QR…all falling..adui

Posted by linges > 2023-05-24 12:40 | Report Abuse

talking about odd lots..its very special for long2 term investor only..traders shouldn’t consider DRP at all..

worst case if u don’t sell odd lots, u may loss 99 units only..for RHB at current price tak sampai RM550 pun..

Posted by Cryptolover > 2023-05-24 14:13 | Report Abuse

klse everyday got foreign investor pull out..

Posted by troy88 > 2023-05-24 16:09 | Report Abuse

Banks getting beaten to a pulp. Come let it drop to RM5 for me to makan

Posted by Brutus > 2023-05-24 17:13 | Report Abuse

@prudentinvestor, yes it is the same. Usually for me buying or selling odd lots will be "tag" together with my standard lots transaction.

Posted by prudentinvestor > 2023-05-24 20:39 | Report Abuse

Just like Maybank, I believe RHB Bank's first quarter earnings should also improve over its October to December quarter.

Posted by Brutus > 2023-05-24 20:44 | Report Abuse

Nice drop today. Gave me the chance to add more position.

Posted by prudentinvestor > 2023-05-25 22:01 | Report Abuse

Want to buy at RM5.50 and below better act fast.

Posted by RWG > 2023-05-26 15:59 | Report Abuse

https://themalaysianreserve.com/2023/05/25/rhb-research-warns-malaysian-ringgit-could-surge-to-rm5-against-us-dollar/

Posted by linges > 2023-05-26 16:11 | Report Abuse

added sikit today 5.45 :)

Posted by prudentinvestor > 2023-05-26 16:22 | Report Abuse

An impressive earnings per share of 17.93 sen in the first quarter is still unable to excite investors. People prefer to speculate rather than to invest for long term. Best luck.

Posted by OnTime > 2023-05-26 17:41 | Report Abuse

added today

Posted by prudentinvestor > 2023-05-26 18:09 | Report Abuse

Added a bit at RM5.45 and RM5,46 too. You can't find more than five counters listed on Bursa with RHB Bank's low PE and high dividend yield.

Posted by moven00 > 2023-05-27 16:23 | Report Abuse

Added habis-habisan Liao. 5.46. Dunno la. Buy and keep only

Posted by prudentinvestor > 2023-05-27 22:10 | Report Abuse

If RHB Bank's earnings improve each quarter until the final quarter, just like last year, its full year earnings could be quite impressive at over 75 sen a share.

Posted by prudentinvestor > 2023-05-29 10:29 | Report Abuse

Unlikely to stay at below RM5.50 a share for long.

Posted by linges > 2023-05-29 12:25 | Report Abuse

Sharing from Maybank Investment


RHB Bank (RHBBANK MK, CP: MYR5.46, BUY, TP: MYR6.40):
RHB’s hefty NIM compression in 1Q23 was buffered by higher NOII and lower credit cost. While results were within expectations, we lower our NIM assumptions and cut FY23-25E earnings by 5-6%.

We maintain a BUY on RHB with a lower TP of MYR6.40, pegging FY23E PBV to a lower PBV of 0.9x versus 1x previously (9.5% ROE against management’s target of 10%). FY23E dividend yield is attractive at >7%. BUY maintained.

Posted by linges > 2023-05-29 15:51 | Report Abuse

5.41 opps..

Posted by prudentinvestor > 2023-05-29 16:56 | Report Abuse

Share price doesn't reflect impressive earnings. Never mind, seize the opportunity to buy cheap. AMMB is trading at a PE of only 7.

Posted by unicornbird > 2023-05-29 18:25 | Report Abuse

Any idea why RHB pay so high dividend, and yet the share price is so low?

Posted by linges > 2023-05-29 19:04 | Report Abuse

@unicornbird

There are few theories. The one i still remember is PE-based theory.

RHB price is around at PEx8, while Maybank price is PEx12, even though both bank EPS is about the same.

Higher the PE, translates the investor’s confidence, on how many years the bank could maintain the similar performance.

MBB - 12yrs
RHB - 8yrs

Usually major banks would priced at PEx12, and other banks lower.

My 2sen only. Please correct me.

Posted by speakup > 2023-05-29 19:18 | Report Abuse

EPF owns a lot RHB & MBSSB. Think they may merge both banks in the future?

Posted by moven00 > 2023-05-29 21:58 | Report Abuse

Mr Market is sometimes irrational. Very good example will be YTLPower. It was hovering below 70cents for quite sometime. Presenting an opportunity to buy. In our case her is RHB. But if the dividend payout of RHB is sustainable, I’m quite happy to collect and sit while waiting for the price to shoot up.

Posted by unicornbird > 2023-05-30 08:44 | Report Abuse

but large pension fund should have spotted this. It can't stay so cheap?
especially the book value is over $7. it's like lelong price now

Posted by Berlin > 2023-05-30 08:59 | Report Abuse

@speakup; EPF may want to merge MBSB with RHB in its own interest being substantial shareholders of both but minority shareholders of RHB who can vote independently are unlikely to agree. There is no obvious benefit to RHB in such a merger; it still remains #4 in asset ranking after Maybank, CIMB and Public Bank while existing shareholders are diluted. MBSB is too small and brings little to the table.

Posted by speakup > 2023-05-30 09:27 | Report Abuse

@Berlin TQ

Posted by prudentinvestor > 2023-05-30 10:20 | Report Abuse

Bank stocks used to command the highest PE ratios on KLSE but now they are trading at the lowest PE ratios among listed counters.

Posted by Berlin > 2023-05-30 11:13 | Report Abuse

There is a lot of trepidation about impact of digital banking and how
entry of new players will affect traditional business of existing banks. In Malaysia, I would say not that soon and not that much.

Posted by unicornbird > 2023-05-30 15:27 | Report Abuse

Is there any advantage for EPF to be the largest shareholder for RHB?

Posted by moven00 > 2023-05-30 18:24 | Report Abuse

Result ok. Unfortunately sector downtrend for now

Posted by prudentinvestor > 2023-05-31 11:08 | Report Abuse

With an average EPS of 58.4 sen over the last 12 years and a dividend per share of 40 sen a share for the past two years, investors shouldn't have any qualms about putting their money into RHB Bank. RM5.42 is fire sale price.

Posted by moven00 > 2023-05-31 12:51 | Report Abuse

20th Aug 2014 RHB reach 9.23 High. After that sudah tidur 9tahun. But if dividend is paid like 0.40cents a year. We buy and keep only. Imagine a long compress spring will bounced very high. Anyway it also pretty much depends on the sector recovery and sustainable of RHB EPS.

Posted by prudentinvestor > 2023-05-31 15:38 | Report Abuse

Remember one Warren Buffet's famous quotes, be "fearful when others are greedy, and greedy when others are fearful.” Fearful sellers are dumping RHB Bank irrationally.

Posted by unicornbird > 2023-05-31 16:35 | Report Abuse

RHB so weak? fallen so much compared to Maybank & PBB.
PBB has lower dividend & poorer growth rate. even that can beat RHB

the market is really irrational

Posted by unicornbird > 2023-05-31 16:36 | Report Abuse

Is RHB heavily exposed to any sector?

Posted by prudentinvestor > 2023-05-31 18:28 | Report Abuse

If dividend is included, Maybank has stilled gained 2% since the beginning of the year, RHB Bank has now lost 2% (from a gain of 1.4% a week ago), Public Bank has lost 9% and CIMB Bank has lost over 10%.

Posted by Cryptolover > 2023-05-31 20:24 | Report Abuse

such big amount of dumping, unlikely cause by retail investor, looks like some institutions are also dumping

Posted by unicornbird > 2023-06-01 08:15 | Report Abuse

good, hope they continue to dump

Posted by HUNTER > 2023-06-01 09:22 | Report Abuse

i ready to collect,let them dump

Posted by prudentinvestor > 2023-06-01 09:48 | Report Abuse

Yesterday's volume was over 14 million shares. It has to be the work of institutions, very likely foreign institutions.

Posted by prudentinvestor > 2023-06-01 10:28 | Report Abuse

Should be trading at above RM6.50 a share but now struggling at below RM5.40. Market is irrational.

Posted by unicornbird > 2023-06-01 14:28 | Report Abuse

prudent, why dont EPF buy more of RHB, it's paying 7% dividend. it can easily make 1%, if the payout to EPF holder is 6%

Posted by prudentinvestor > 2023-06-01 15:27 | Report Abuse

EPF already holds about 41% of RHB Bank's issued capital, much higher than the 33% threshold that requires it to make a mandatory takeover offer to other smaller shareholders. I suppose it has secured exemption from the government. As RHB Bank's largest shareholder, it can actually influence the bank to allocate a much higher percentage of profit, say over 80% to be distributed as dividends.

Posted by moven00 > 2023-06-01 15:32 | Report Abuse

Put out our laddering. Buy stages by stages.