Posted by prudentinvestor > 2 months ago | Report Abuse

There is still a slight improvement in its eps over 2022. What is more important is that the final dividend is maintained at 25 sen a share.

Posted by prudentinvestor > 2 months ago | Report Abuse

At RM5.66 a share, it is trading at a PE of 8.6 and a dividend yield of over 7%. Wonder if there is another counter trading at such a low PE and such a high dividend yield.

Posted by dam82 > 2 months ago | Report Abuse

excatly that why thinking to exit and come back when its goes lower ....

Posted by goldenhope > 2 months ago | Report Abuse

Lower profit due to allowance for credit losses RM230 mil.

Posted by GT8989 > 2 months ago | Report Abuse

the point is QnQ YnY dropping and ROE dropping as well

Posted by prudentinvestor > 2 months ago | Report Abuse

@Rebecca40, kami di forum ini semuanya pelabur, bukan penjudi. Kami berpuas hati dengan pulangan tahunan dalam lenkongan 15%. Macam mana boleh capai pulangan mingguan empat angka? Cetak duit pun tak begitu cepat.

Posted by speakup > 2 months ago | Report Abuse

CI is artificially hold up to mask weakness in the broader market. Who is doing this? Epf? Kwap? Pnb?

Posted by diuleiloumei > 1 month ago | Report Abuse

Disappointed dividend and share price

Posted by prudentinvestor > 1 month ago | Report Abuse

Yes, we should be disappointed with its share price but not its dividend. This is the third time in three years RHB Bank investors would be receiving yearly dividends amounting to 40 sen a share, giving a yield of slightly over 7%.

Posted by Yolo1234 > 1 month ago | Report Abuse

the dividend is attractive, about 7%, and revenue is increasing Q-to-Q.

the average dividend of banking stock is about 5-6% (maybank >6%).

based on % of dividend, share price should be above RM6.50......there's little downside risk for RHB.

Posted by iscmob > 1 month ago | Report Abuse

Still learning/digesting HLB Research Rpt:

Outlook. We expect NIM to improve next quarter, coming as a result of active liability management to help optimize funding cost. Also, credit growth is seen to chug along, especially with potential lumpy business loan drawdown in 1H24. That said, net credit cost (NCC) may normalize down QoQ after stepping up for two consecutive quarters (3Q-4Q23). In any case, we are slightly concerned on its relatively low LLC of 72% (vs pre-pandemic level of c.85%) as buffers have thinned and, in our view, difficult to pad any potential deterioration in asset quality.
Forecast. Unchanged since 4Q23 results were in line.
Retain HOLD and GGM-TP of RM6.00, based on 0.79x FY24 P/B with assumptions of 9.3% ROE, 10.9% COE, and 3% LTG. This is in line to its 5-year average of 0.79x but beneath sector mean of 0.89x. We feel the valuation is fair since its ROE output is similar to pre-pandemic level. Moreover, it has always traded at a discount to industry average. Overall, RHB’s risk-reward profile appears to be balanced, as there are no new positive catalysts to spur share price upwards. In addition, the bank’s LLC of 72% is below pre-pandemic level of c.85% but peers are instead printing in above this rate, which makes us slightly concerned.

Posted by ahbah > 1 month ago | Report Abuse

Retain HOLD and GGM-TP of RM6.00, based on 0.79x FY24 P/B with assumptions of 9.3% ROE, 10.9% COE, and 3% LTG.

Posted by stkoay > 1 month ago | Report Abuse

PETALING JAYA: Malaysia is in a sweet spot to enter a prolonged bull market, says prominent fund manager Tan Teng Boo.

According to the founder and owner of icapital.biz Bhd, the benchmark FBM KLCI could potentially rise to 2,500 – 3,000 points in the next three to five years, citing it is a “realistic target”.

Speaking at a media briefing on the market outlook yesterday, Tan said his optimism over Malaysian equities was premised on the country’s strengthening economic fundamentals and political stability.

“Now is the time to buy Malaysian stocks. We are looking at the beginning of a major bull market,” Tan said.

“Our market is cheap and our currency is cheap,” he added, noting that he expects a greater inflow of foreign funds to the Malaysian equity market in the coming days to further lift the FBM KLCI.

Posted by observatory > 1 month ago | Report Abuse

Could anyone trust Tan Teng Boo’s prediction?

This guy has parked half of iCAP’s fund as FDs. Not for one year. Not for two or three years. But for over a decade! He has been waiting for the market crash for as long as I can remember.

During this long period, we had 1MDB, the collapse of oil price in 2015 and in 2020, five prime ministers since 2018, and the Covid pandemic. Yet he picked up no bargain.

During those intervening years, on dividend adjusted basis,
1. QL was up from RM1 in 2011 in almost RM6 today
2. Allianz was up from RM3 to RM19
3. United Plantation was up from RM3 to RM21 (yes, iCAP did buy into UP lately, currently a tiny 2% of its portfolio)

Even Maybank was up from RM3.7 to RM9.5 during the period.

How much did iCAP’s earn from the cash that it locked in bank FD’s? Not to mentioned 1.5% was handed over as management fee every year.

TTB is also a big fan of China. What is China stock market return over these years?

With such track records, I’m actually worried that now he has a U-turn and starts predicting Bursa's bull run!

Posted by GT8989 > 1 month ago | Report Abuse

More likely harbor around Rm5... until improving ROE

Posted by sheldon > 1 month ago | Report Abuse

Looks like according to Teng Boo, I'm poised to become super rich - long overdue!
I better get ready to become snobbish & snooty to look the part hehe

Posted by prudentinvestor > 1 month ago | Report Abuse

At RM5 a share, RHB Bank would be trading at a PE of 7.5 and a dividend yield of 8 and would become the sole counter listed on Bursa to trade at such a low PE and high dividend yield. Do you think this is possible?

Posted by prudentinvestor > 1 month ago | Report Abuse

Even at RM5.62 a share, I still find this pathetic. 5 months ago, it was still higher than CIMB bank, today it more more than 80 sen lower.

Posted by 1288Go > 1 month ago | Report Abuse

Yes, prudentinvestor,
this one also looks very no eenergy. For so long can't even cross $6 meaningfully.

Posted by 1288Go > 1 month ago | Report Abuse

Remember whatever TTBoo says is a grain of truth. Investing has risks. With WW3 looming, a big crash (surely coming, but dunno when !) is always lurking in the corner.
Therefore you can't put all your funds in equities !
20% ...in Holding positions.
Then some amounts to get in and out for some profits..
Investing has risks. Good luck to all of us, including me ! 😊

Posted by yielder > 1 month ago | Report Abuse

Anyone know why Maybank & RHB net interest margin drop so much yoy?
they are profiting from other income, to make up from the fall in NIM

Posted by Xcalibre > 1 month ago | Report Abuse

Kenanga Research target prices
RHBBANK (1066)
📈 Beat FY23 earnings expectations
Outperform with target price – RM7.25

Posted by sgnewguy > 1 month ago | Report Abuse

I have invested in RHB, Maybank and CIMB past few years. is anything wrong with RHB counter? the dividend is great. price didn't move much so no big paper gain. my question is why maybank and cimb go up but not RHB?

Posted by prudentinvestor > 1 month ago | Report Abuse

Totally no capital gain for my investments in RHB Bank for the past two over years. With Maybank, I still have a capital gain of RM1.20 to RM1.30.

Posted by Shines > 1 month ago | Report Abuse

Plan to sell and buy PBB first for the 9 sen Div. Will come back to RHB after PBB xd

Posted by speakup > 1 month ago | Report Abuse

Insiders know something wrong with Rhb. Anybody can share what is it?

Posted by prudentinvestor > 1 month ago | Report Abuse

RHB Bank is unlikely to have any problems. It should be trading at a PE of at least 10 to 12 or at least RM6.60 a share but its major shareholders are unwilling to support it at this price. It is so frustrating to see other GLC KLCI Index component counters trade at PEs of above 20 or even 30 like MISC, IHH, Airport, Tenaga etc while RHB Bank struggles at below RM6.

Posted by Yolo1234 > 1 month ago | Report Abuse

should accumulate while the price is still attractive. fair value should be above RM6.50 based on 3 years dividend (NAPS ~RM7).

even if there's no capital gain, at least 7% guaranteed dividend. better than FD or EPF.

Posted by TTD1990 > 1 month ago | Report Abuse

Hello, have been here for a long time. Can anyone tell me when is the ex date for Rhb dividen please. Thanks in advanced

Posted by Brutus > 1 month ago | Report Abuse

@TTD1990, there is DRP applicable to this round of dividend announcement, hence the ex-date and listing date are not yet announced.

Posted by TTD1990 > 1 month ago | Report Abuse

@Brutus, sorry to ask, but what is DRP? Can pls explain, thank u

Posted by iscmob > 1 month ago | Report Abuse

You can find DRP from RHB report at Bursa Malaysia:
"Second Interim Dividend
• The Group declared a second interim dividend of 25 sen per share, consisting a cash payout of 15 sen per share and an electable portion under a Dividend Reinvestment Plan of 10 sen per share."

Posted by Shines > 1 month ago | Report Abuse

Is it that if we dont opt for DRP, we still get the 10sen as div?

Posted by speakup > 1 month ago | Report Abuse

Yes u will

Posted by Shines > 1 month ago | Report Abuse

Bro Speakup, appreciated and tqvm.

Posted by prudentinvestor > 1 month ago | Report Abuse

RHB Bank investors have to accept this harsh reality. You invest in the bank for its generous dividends, there would be practically little or no capital gains.

Posted by invest8912 > 1 month ago | Report Abuse

Better switch to Maybank, dividend and capital gain.

Posted by happybuying > 1 month ago | Report Abuse

Pathetic... MBB giving me dividends and yet i get 12% capital gain. RHB dividends but no capital gain. Only 1.4% gain over the year

Posted by prudentinvestor > 1 month ago | Report Abuse

Hope it could spring a surprise, but this is empty hope only.

Posted by prudentinvestor > 1 month ago | Report Abuse

A word of advice: Don't invest in counters where EPF is the largest shareholder, eg RHB Bank, MRCB. Invest in counters where Khazanah is the largest shareholder, eg CIMB Bank, Tenaga, Malaysia Airport Holdings etc.

Posted by JT1601 > 1 month ago | Report Abuse

Will it drop further before EX date? Want to enter 5.40-5.50

Posted by prudentinvestor > 1 month ago | Report Abuse

Buy this counter and be prepared for its price to be stuck at this level for the next two years.

Posted by smartly > 1 month ago | Report Abuse

buy for dividend ok lah

Posted by prudentinvestor > 1 month ago | Report Abuse

Capital gain plus dividend, just like Maybank and CIMB Bank, would be much better.

Posted by prudentinvestor > 1 month ago | Report Abuse

Has been trading at below RM5.70 a share for over a year now. Already lost hope on RHB Bank.

Posted by speakup > 1 month ago | Report Abuse

Unfortunately rhbbank is not used by govt funds to manipulate the CI to make the Malaysia market look better than it actually is

Posted by speakup > 1 month ago | Report Abuse

Cimb and Tenaga are among the shares that are used everyday to push up the CI

Posted by prudentinvestor > 1 month ago | Report Abuse

Looks slightly more promising this morning but I am not so confident. Still believe it might drop back to around RM5.60 again at the end of trading.

Posted by icecool > 1 month ago | Report Abuse

RHB is a good dividend stock

Posted by kokchengkai > 1 month ago | Report Abuse

lady and gentlement waiting for dividen x date when annouce ..hahaha ma se li oledi booking