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 > 18 hours ago | Report Abuse

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