Posted by moven00 > 2023-09-06 21:16 | Report Abuse

Beli dan simpan Diam-Diam lo. Ini RHB character simpan dividend. Like now don’t buy lo. When very negative/ full of pessimism we buy if prices keep dropping. Price no drop, we no action lo.

Posted by NatsukoMishima > 2023-09-07 08:41 | Report Abuse

Digital bank coming , all the tradisional bank profits will drop significantly ! Good luck to all shareholder ! I will prefer digital bank higher deposit rate !

Posted by Hemsley > 2023-09-07 13:25 | Report Abuse

Hello, RHBBank is 1 of the 5 digital bank licenses winner la.

Posted by observatory > 2023-09-07 14:37 | Report Abuse

Digital bank asset: capped at RM3b
RHB asset: >RM300b
Maybank, about RM1 trillion
Another nonsense, as usual

Posted by speakup > 2023-09-10 21:31 | Report Abuse

Mediocre Banking Sector Results: NIM And NOII Centre Of Discussion
By
Editor -
September 10, 2023

The banking sector saw a mediocre season with earnings entirely within expectations, this is despite some surprises in tailwinds and headwinds. NIM compression this time was a lot heavier than previously guided for (recall that banks were guiding for “stable-to-minor” compression in 1Q23). NOII improvement was expected, being guided for as a core earnings driver (which came true, but it was unevenly distributed).

MIDF analysts give their guidance for the sector and it’s more skewed towards the negative, largely due to the slower-than-expected NIM recovery and potential asset quality irritation. Nearly all banks revised their NIM guidance downward.

However, on a more positive note, future quarters may see possible positive revisions to NCC guidance (they were initially too conservative). Earnings: Relatively stable, NIM and NOII are central focus. Aggregate Core Net Profit (Core NP) up by +0.6%qoq. It was a good quarter for topline – despite NIM compression, NII largely remained stable to slightly negative while NOII did mostly see solid improvement, mostly on the side of treasury income (though in some cases disappointed).

Provisioning did pick up from last quarter’s softer activity, with a few banks amping up on credit costs for a poorer macroeconomic outlook and asset quality irritation. There was a minor issue of slightly elevated tax rates in the quarter, due to higher provisioning and investment-related gains that are less tax deductible.

As for the balance sheet, growth was poor but expected to pick up. Weaker corporate loan growth offered downside pressure. Retail contributions – particularly solid mortgage and hire purchase growth – were bolstered by strong unsecured loan offerings. Unfortunately, this was not enough to offset weaker growth coming from the non-retail side – though the industry has guided for a much healthier post-election pipeline in 2H, maintaining their far-from-target loan growth forecasts. Deposit growth was more mixed, but liquidity remains ample.

CASA attrition on the other hand took a light breather as pricier FDs matured without renewal but should resume in subsequent quarters. Different banks took different approaches to managing NIM optimisation, hence reporting varying quarterly deposit growth figures.

Increasing impairment pressure within certain brackets, but heavy write-offs keep GILs manageable. Asset
quality pressure mainly came from the residential mortgages and SMEs linked to RA loans, though there was some
irritation already coming from riskier overseas and unsecured segments. Few banks have guided that GIL ratio is close to
peaking (or has already peaked). While LLC values have come down, some banks are looking at chunkier recoveries in the
coming quarters to keep this manageable while refraining from making larger allocations.

Among the banks, Maybank saw an unexpected, massive non-fee income gain within the quarter, CIMB displayed
exceptional performances in almost all aspects, especially loan growth. But Affin saw an abnormally sharp sequential drop in NIMs, which dragged earnings. RHB brought in decent quarterly earnings, but this was largely driven by overlay writebacks – while everything else was lacklustre.

From a pure valuation perspective, BIMB remains the most attractive while Affin is the least. Moving forward, the house is neutral for 2H outlook and doubts that ROE outlook is going to be that much better than 1H. Loan growth outlook is positive – banks are very optimistic about 2H’s non-retail pipeline. NIM outlook is more neutral – i.e. most banks are guiding stable to positive movement, though MIDF is cautious of year-end deposit competition.

On the other hand, more banks are opting for full-cash dividends. BNM doesn’t seem likely to exercise any additional leniency in capital ratio levels soon. Regardless, several banks have already guided for higher dividend payouts and halting DRP programmes – signalling that they are happy with current CET1 levels.

Posted by Kicapmanis > 2023-09-11 18:32 | Report Abuse

Rhb never announced exdate?

Posted by jooortp > 2023-09-13 14:43 | Report Abuse

Any idea which day ex-dividend

Posted by jacksonkhs888 > 2023-09-14 10:36 | Report Abuse

Thanks for the dividend RHB. You are my pillar of support through many thick and thin moments. Never let me down (:

Posted by speakup > 2023-09-14 21:13 | Report Abuse

https://theedgemalaysia.com/node/682578
what did RHB do?

Posted by BudiLee > 2023-09-15 10:26 | Report Abuse

Their target price is RM6.10

Posted by prudentinvestor > 2023-09-19 11:15 | Report Abuse

RHB Bank's share price has hardly moved over the past few months, unlike Maybank and CIMB.

Posted by Shines > 2023-09-20 03:47 | Report Abuse

Always towards closing, some throwing, is it the work of shorties

Posted by prudentinvestor > 2023-09-20 12:43 | Report Abuse

People sell, we buy. Dividend yield is above 7% and PE is around 8.5. Nothing venture nothing gain.

Posted by linges > 2023-09-20 13:40 | Report Abuse

for some reasons institutions do not prefer RHB even though low PE & high DY.
Kita enjoy generous dividend selagi ade..😎

Posted by prudentinvestor > 2023-09-20 16:45 | Report Abuse

These days I only dare to invest in high dividend paying counters like Maybank and RHB Bank. Would pick up some CIMB bank shares as well later.

Posted by Shines > 2023-09-26 17:52 | Report Abuse

Tomorrow x15 sen, after x you say up or down, haha just guess

Posted by derricksyl > 2023-10-12 09:51 | Report Abuse

div received ...... yeahhhh

Posted by prudentinvestor > 2023-10-12 21:56 | Report Abuse

Better earnings but no increase in interim dividend, unlike Maybank. Hope the final dividend could be revised upwards.

Posted by serbatipu > 2023-10-13 23:52 | Report Abuse

US bank earnings surge, kemon rhb ini Kali la

Posted by prudentinvestor > 2023-10-19 12:26 | Report Abuse

RHB Bank's earnings per share should exceed 70 sen this financial year. Hoping to be rewarded with a dividend of 45 sen a share this year.

Posted by prudentinvestor > 2023-10-19 16:53 | Report Abuse

Closed at RM5.59 for six consecutive days. My take is it is a good sign.

Posted by serbatipu > 2023-11-06 20:24 | Report Abuse

Maybank already 9.11
Rhb die standing at 5.63

Posted by mf > 2023-11-10 10:46 | Report Abuse

Price Target

Ranhill Utilities - Everything Is Falling Into Place; Keep BUY
Source : RHB-OSK, Price Call : BUY, Price Target : 1.09
Last Price : 0.955, Upside/Downside : +0.135(14.14%)

Posted by prudentinvestor > 2023-11-10 15:52 | Report Abuse

RHB Bank investors are not interested in Ranhill Utilities. Don't waste your time here.

Posted by prudentinvestor > 2023-11-17 10:50 | Report Abuse

Have been stuck within RM5.50 to RM5.65 range for over 2 weeks now. This is really boring.

Posted by dam82 > 2023-11-20 11:20 | Report Abuse

Sama here very stagnant the movement lately

Posted by prudentinvestor > 2023-11-20 15:28 | Report Abuse

Should RHB Bank be able to maintain its earnings at the current level or even improve on it, its share price may get a much needed boost.

Posted by GT8989 > 2023-11-21 12:27 | Report Abuse

PNB keeps cashing out ...

Posted by prudentinvestor > 2023-11-22 15:07 | Report Abuse

Sometimes disposals by substantial shareholders can make small investors worry.

Posted by prudentinvestor > 2023-11-22 16:21 | Report Abuse

Full year earnings should increase by more than 10%, judging from earnings in the half way mark. Share price has not moved at all.

Posted by GTMS > 2023-11-23 11:35 | Report Abuse

strange behavior foreign funds are not buying ? !

Posted by prudentinvestor > 2023-11-24 12:06 | Report Abuse

Foreign funds prefer banks with larger market capitalizations like Maybank, Public Bank and CIMB Bank.

Posted by prudentinvestor > 2023-11-27 16:00 | Report Abuse

Earnings just drop a little bit but share price drops more. Even if it maintains its earnings at 15 16 sen again in the final quarter, its full year eps is still over 67 sen a share, translating in to a PE of less than 9.

Posted by Hong Wei Phoon > 2023-11-27 16:08 | Report Abuse

Rumah Hantu Berhad.

Posted by Investor128 > 2023-11-27 19:17 | Report Abuse

EPS 15.16 x 4 x PE 10 times = RM6.06 👍

One of the cheapest banks

Dividend better than FD interest.

Posted by GT8989 > 2023-11-27 20:54 | Report Abuse

CPF disposing not without a reason !

Posted by prudentinvestor > 2023-11-27 23:05 | Report Abuse

EPF often buys and sells shares for no apparent reason.

Posted by weibozai > 2023-11-27 23:08 | Report Abuse

Posted by prudentinvestor > 1 minute ago | Report Abuse

EPF often buys and sells shares for no apparent reason.

^

FYI, EPF constitute of several funds, they have multiple funds or sub-funds that focuses on long term investment, hence deploying a holding strategy, and there are funds that are opt for trading. However, EPF, as the same UBO as the funds, need to announce such investment/trading activities.

Posted by GT8989 > 2023-11-28 09:28 | Report Abuse

Well said Weibozai

Posted by SharehlderOppression > 2023-11-28 11:56 | Report Abuse

If you buy RHB because of its dividends, you should be contented because RHB still maintains its dividend. You've achieved your objective.

But if you buy RHB because you expect its dividend yield will help attract more investors, thereby pushing up share price so that you may exit with a handsome capital gain, well, it has not worked out that way, not yet. Such an expectation means you depend on the market to come to your view. However currently the market doesn't just look at dividends, but also factors like growth, asset quality and others.

Observatory made the best point.

Posted by prudentinvestor > 2023-11-29 22:02 | Report Abuse

EPF is the second largest shareholder of GLC such as MAH, IHH and MISC with a 13% shareholding in MAH, 12% in MISC and just under 10% in IHH. MISC is trading at a PE of above 15 and a dividend yield I believe of under 5%. For years IHH trades at a PE of over 30 and a yield of around 2%. MAH lost a total of about RM1.8 billion in 2020 and 2021. Yet both MAH and MISC are trading at above RM7 a share while IHH is above RM5.80. Non has earnings and dividend yields comparable to RHB Bank but EPF is just unwilling to support RHB to a price that RHB Bank deserves.

Posted by prudentinvestor > 2023-11-30 16:52 | Report Abuse

There is still quite a lot of selling pressure which I believe is from institutions. Small investors should not take their cue from them.

Posted by prudentinvestor > 2023-12-03 16:28 | Report Abuse

When RHB Bank reported much improved quarterly earnings for the first and second quarters, its share price hardly moved up. When it reported slightly poorer results for the third quarter, its share price immediately dropped. There is really no logic. For much of this year, it was 30 to 50 sen higher than CIMB bank but now it is 30 sen lower.

Posted by observatory > 2023-12-03 23:13 | Report Abuse

The market is not just looking at last quarter earning or current dividend yield. It is also responding to some negative developments. Among others:

1. Loan loss coverage (LLC) has declined from 109% (1Q23), to 83% (2Q23), to the latest 75% (3Q23), lower than pre-pandemic level
2. Management has guided higher cost income ratio at 47%-47.5%, from 44.6% previously
3. Management has guided lower ROE at 10%, from 11% previously.

Posted by prudentinvestor > 2023-12-05 12:39 | Report Abuse

You only look at the negative aspects of RHB Bank. The views of some IBs are more balanced. Ignoring the IBs with the highest and lowest TPs, CIMB and AmInvest still have buy calls on RHB with a commendable TP of around RM6.50 a share.

Posted by observatory > 2023-12-05 19:56 | Report Abuse

Yes, I only picked up the negative aspects because I tried to explain why the market might not be giving RHB a higher price despite the earning and dividends you mentioned

Posted by observatory > 2023-12-05 19:56 | Report Abuse

If you believe in the collective wisdom of analysts, this is the latest concensus for the six large and mid size banks.
Maybank, 8 buy/ 11 hold/ 2 sell, consensus TP RM9.38, upside 4%
Public Bank, 14 buy/ 5 hold/ 2 sell, consensus TP RM4.73, upside 11%
CIMB, 16 buy/ 3 hold/ 0 sell, consensus TP RM6.31, upside 10%
Hong Leong Bank, 14 buy/ 1 hold/ 1 sell, consensus TP RM22.50, upside 17%
RHB, 6 buy/ 8 hold/ 3 sell, consensus TP RM6.08, upside 11%
AM Bank, 12 buy/ 3 hold/ 0 sell, consensus TP RM4.37, upside 8%

Posted by observatory > 2023-12-05 19:58 | Report Abuse

Dividend seekers choose Maybank and RHB. For asset quality, Public Bank and Hong Leong Bank. For growth, Hong Leong Bank. For those who are not sure, just take a small position in each bank when valuation isn't demanding.

Posted by prudentinvestor > 2023-12-07 17:00 | Report Abuse

After dropping to a low of RM5.42 on Monday, it has staged a mild recovery. Hopefully the worst is over and the recovery process would last until end of the month. Cheers!

Posted by observatory > 2023-12-07 21:27 | Report Abuse

For long term investors, just enjoy the dividend and don't be overly concerned about share price. If management is capable and company fundamentals are good, it will show in future results and share price shall follow. Time will tell.