RHB BANK BERHAD

KLSE (MYR): RHBBANK (1066)

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Last Price

5.49

Today's Change

-0.04 (0.72%)

Day's Change

5.49 - 5.54

Trading Volume

6,138,300

Financial

T4Q

31-Mar-2021

2020

31-Mar-2021

2019

31-Mar-2021

2018

31-Mar-2021

2017

31-Mar-2021

Total assets

238

-1.64%

1000

+11.55%

110

+81.66%

900

-13.16%

600

+235.36%

Total current assets

238

1000

110

900

600

Cash & equivalents

238

1000

110

900

600

Short term investments

238

1000

110

900

600

Total receivables, net

238

1000

110

900

600

Accounts receivable - trade, net

238

1000

110

900

600

Other receivables

238

1000

110

900

600

Total inventory

238

1000

110

900

600

Inventories - work in progress

238

1000

110

900

600

Inventories - progress payments & other

238

1000

110

900

600

Inventories - finished goods

238

1000

110

900

600

Inventories - raw materials

238

1000

110

900

600

Total non-current assets

238

1000

110

900

600

Long term investments

238

1000

110

900

600

Note receivable - long term

238

1000

110

900

600

Investments in unconsolidated subsidiaries

238

1000

110

900

600

Other investments

238

1000

110

900

600

Net property/plant/equipment

238

1000

110

900

600

Gross property/plant/equipment

238

1000

110

900

600

Accumulated depreciation, total

238

1000

110

900

600

Deferred tax assets

238

1000

110

900

600

Net intangible assets

238

1000

110

900

600

Other current assets, total

238

1000

110

900

600

Total liabilities

238

-1.64%

1000

+11.55%

110

+81.66%

900

-13.16%

600

+235.36%

Total current liabilities

-238

-1000

-110

-900

-600

Total non-current liabilities

-238

-1000

-110

-900

-600

Long term debt

238

1000

110

900

600

Long term debt excl. lease liabilities

238

1000

110

900

600

Capital and operating lease obligations

238

1000

110

900

600

Provision for risks & charge

-238

-1000

-110

-900

-600

Deferred tax liabilities

-238

-1000

-110

-900

-600

Other liabilities, total

-238

-1000

-110

-900

-600

Total equity

-238

-1.64%

-1000

+11.55%

-110

+81.66%

-900

-13.16%

-600

+235.36%

Total liabilities & shareholders' equities

238B

1000B

110B

900B

600B

Total debt

238

1000

110

900

600

Book value per share

-238

-1000

-110

-900

-600

Discussions
3 people like this. Showing 50 of 3,472 comments

diuleiloumei

Agree, something really wrong with rhb. Serbad 2.0 in making ?

1 week ago

speakup

Sometimes I dunno why ppl so simple mind. U think every stock will goreng like Francis goreng Ytl?

6 days ago

Tedinvestor

Just sell your holding. Don't waste time and money

6 days ago

invest8912

Undervalue stocks can stay undervalue for years. Holding stocks like this has opportunity cost. I have disposed it and eyeing for CIMB and Ambank.

6 days ago

prudentinvestor

"Agree, something really wrong with rhb. Serbad 2.0 in making ?"
EPF dividend rate will be lowered to 2% for 2024.

6 days ago

prudentinvestor

Selling RHB Bank now and switch to CIMB Bank? The price differential is just too much now. The is the last thing I would do.

6 days ago

SeekUndervalued

@prudentinvestor, I agree. Price difference is too much and the dividend yield at CIMB will be much lower compared to RHB at the current pricing. If me, I would sell CIMB and switch to RHB. Hahaha, that’s me. I already sold one round of CIMB and shifted to RHB. Not sure is the correct decision or not. RHB has been sideways for quite some time… I am curious why it won’t go up, PE is low and ROE is okay as well. Not to mention the dividend yield, which is good.

6 days ago

skybursa

Just keep it for long-term and benefit from the dividend. Investment needs to be patient. Public bank, Hong Leong and RHB will eventually catch up because the valuation is getting cheaper compared to cimb and maybank. For RM 100,000, how many units can you get maybank shares? But for the same amount of cost you can buy more units un RHB. Beside yearly dividend are much higher. Blue chip are long-term investment.The risks are lower for blue chips stock.

5 days ago

hw0706

NPL IS GROWING... WHICH IS NOT HEALTHY...

5 days ago

invest8912

Dividend is not a sure thing. Check how much dividend RHB paid before 2021.

5 days ago

i3gambler

CIMB and MAYBANK already gone up, but why can't RHB also fly?
Why ha? Dun know lah,
But base on yesterday closing,
CIMB Real DY = 6.2%
MAYBANK Real DY = 6.0%,
RHBBANK Real DY = (30+10*15%) / 550 = 5.7%.

EPF own RHBBANK 1.77B * 5.50 = <10B.
EPF Total NAV is now >1000B
If RHBBANK screwup, EPF Dividend will be lowered to 2%???
You must be joking.

5 days ago

Unfair

In other words, RHB valuation like my ID? Why i3 members never attend AGM to complain?

5 days ago

i3gambler

RHBBANK dividend before 2021 were lower because no DRIP.
When there is DRIP, the hard Cash flowing out from the company is less.
If RHBBANK really want to paint a picture of very high DY, it can actually declare a yearly dividend of 100 sen.

Simple job, just make the whole lot of that 100 sen dividend can be DRIP,
The Fake DY= 100 / 550 = 18%
But the Real DY = 100 * 15% / 550 = 2.7%

Then some simple minded will grumbling even louder why DY = 18% but price can not move up?

5 days ago

skybursa

If you hate rhb and prefer maybank & cimb than better focus on those counters. It's your choice and stop wasting times in rhb forum.

5 days ago

Value Investor Coo1eo

I am amazed why majority here are speaking like punters, instead of long term inv3stors.
A punter will want the price to fly…but when price fly, DY will drop
Investors like mt have a long term view, so the low price (and I hope it stays this way for long time) is a blessing that gives you the opportunity to accumulate at such a good DY.

5 days ago

SeekUndervalued

@valueinvestor, must fly a bit mah. If above 6 will be better. At least got some buffer mah. The shares you buy, definitely you want it to appreciate it a long run, right? 😆

5 days ago

SeekUndervalued

When share price flys, if the EPS is growing in tandem, of course the dividend will increase as well.

5 days ago

jeffrey1166

keep buying

5 days ago

Value Investor Coo1eo

@seekundervalue Then do focus on analysis of RHB’s earnings growth…is the EPS increasing?
If EPS goes up, price will follow right?
So I hope many here start to understand why the price is not going up…and why RHB is trading even below its book value.

5 days ago

SeekUndervalued

@ValueInvestor, the EPS has slight increment from 2021 onwards. Not major hike. But in the long run, RHB should be worth at least 6 above. But as other members have mentioned, the DRP might have caused the suppression of share price I guess. We should see how it goes.

4 days ago

prudentinvestor

"If RHBBANK screwup, EPF Dividend will be lowered to 2%???
You must be joking."
You don't believe that EPF would declare a dividend of just 2% but I suppose you believe that it might one day become Serba Dinamik2.

4 days ago

prudentinvestor

@i3gambler, as your pseudonym suggests, you are only a gambler. I doubt a gambler knows what dividend yield is.

4 days ago

i3gambler

Don't you know that for conventional account, EPF must pay at least 2.5% dividend?
Unless you are saying both EPF and the Malaysia government become bankrupt? You said it, I dare not to say that.
You are so ignorant meh?

3 days ago

skybursa

Gamblers not good at maths. 5.7% dividend? Go back to primary school to start all over. If you think the dividend doesn't match than move on to others counter & stop wasting your brain here

3 days ago

invest8912

pay high dividend and sacrifice growth

3 days ago

prudentinvestor

EPF will never become another Serba Dinamik as someone had jokingly suggested, so it will never pay a dividend as low as 2%. Stop all your nonsensical comments about RHB Bank's dividend yield.

3 days ago

prudentinvestor

Maybank pays out over 80% of its earnings as dividends versus RHB Bank's over 60%. Maybank's eps in the first quarter has improved.

3 days ago

jeffrey1166

rhb undervalue

3 days ago

i3gambler

The 2.5% dividend guaranteed by the Malaysia government is only applicable to the conventional account.
No such guarantee for the Shariah account.

I think prudentinvestor don't know about this, if he know, he would have said 2.5% instead of 2.0%.

3 days ago

Value Investor Coo1eo

@jeffrey1166 - shhh…don’t say so openly!

3 days ago

prudentinvestor

"I think prudentinvestor don't know about this, if he know, he would have said 2.5% instead of 2.0%."
I am certainly better informed than a gambler. I quoted 2% because someone claimed RHB Bank could become Serba Dinamik 2, which is impossible. EPF paying 2% dividend is also impossible. You failed to understand my argument.

2 days ago

i3gambler

prudentinvestor
Do not pusing pusing like a snake, please lah.

2 days ago

prudentinvestor

It takes some intelligence to understand my reasoning. I doubt you have it.

2 days ago

i3gambler

Come on lah, you can't even understand what is dilution due to DRIP.
RHB could give you 100 sen dividend with all DRIP,
And you would believe the DY =18%.

2 days ago

prudentinvestor

Still insisting that you are right. So pathetic. I suggest you go and enroll yourself for a Mathematics tuition class as soon as possible.

2 days ago

prudentinvestor

If I had bought RHB Bank at RM5.50 a share and should its management decide to increase its dividend per share this year to 100 sen and I reject the DRIP (of course this is not sustainable), then its yield for this year would become 18.18%.

2 days ago

jackjason

currently price still attractive with dividend yield above 7%.

2 days ago

jeffrey1166

still cheap

2 days ago

jooortp

Dream is beautiful lol 100 sen world funds would buy RHB

2 days ago

jooortp

Best scenario would be full cash dividend without DRIP but if EPS keeps growing then not too big issue. We shall see

2 days ago

prudentinvestor

Every gambler has big dreams and that is to win big money.

1 day ago

i3gambler

In the BOD meeting,
CFO reported that the best dividend amount to pay out should be around 31.5 sen per share.
Director A asked: Can we pay out higher dividend, say 40 sen per share?
CFO replied: If we pay out 40 sen, next year we may face some cash flow problem.
Director B said: We don't care, you are highly paid, you go and think of a way.
CFO suggested: May be we can pay 40 sen with DRIP, the actual cash dividend payment will be 31.5 sen only.
Director C asked: How sure are you that shareholders will opt for DRIP?
CFO answered: Just give maximum discount.

Finish meeting, and all go for happy hours.


1 day ago

prudentinvestor

RHB Bank has implemented DRP for the past three years and yet the total amount of dividend paid in each calendar year has remained at 40 sen a share. This shows a slight dilution has no effect on the company's ability to maintain its dividend payment at 40 sen a share. How much do you think RHB Bank's dividend yield is?

1 day ago

skybursa

Maybank dropped the drip recently because their stock price was too high and they believed proposing drip will definitely fail to attract subscribers. This practice is being implemented by Maybank and cimb. Where Public Bank, Hong Leong, Alliance seldom have drip. Yes drip indeed save cash reserves but to shareholders for getting cheap shares was not so bad either.

1 day ago

jeffrey1166

agree in sky view

1 day ago

Multibagger

just to share my take on DRIP...if you think RHB can grow your cash better than you can find elsewhere, take DRIP at discount and let them retain your cash and grow your wealth.
If you think you can find a better investment with better return, take the cash dividend and invest in this investment. By taking cash dividend does not necessarily mean you lose out due to dilution in your RHB holdings if you can still put the cash received in same or better return than RHB's return. The advantage of DRIP to investors is get additional shares at discounted price, without brokerage :)
I could not find any literature on dividend yield by incorporating diluted effect. Just as someone keep calculating gross profit margin using gross profit divide by cost, not revenue...and still think he is right while the standard used by the whole world is gross profit divide by revenue.

23 hours ago

i3gambler

It is OK if the company want to pay out less cash because of want to use it some where else for better purpose.
1) It is OK to declare 31.5 sen, everyone understand that the DY = 5.72%.
2) It is also OK to declare 40 sen with DRIP, as long as we understand the Real DY is still the same 5.72%.

However, there are some problem with DRIP:
1) Unfair to the relatively small shareholders, it create unnecessary odd lot, if you opt to round down to the nearest 100 units, then you lost out some value.
2) Worst for the very small shareholders, for example, Last time I read prudentinvestor wrote that he never opted for Maybank DRIP because not worth it. Not worth because of the troublesome or odd lot? Or not worth it because the stamp duty plus service charged by Boardroom = RM15.00 is greater than the discount?
3) For my case for RHB DRIP, I opted for DRIP because after round down to the nearest 100 units, my take up rate is 97.6%, which is much higher than the overall 85% take up rate., I did not calculate but I think worth the RM15.00 cost.

However, if the company already confirm paying dividend with DRIP. Unless your holding is small that not worth the cost of doing so, please go for the DRIP, then decide whether to keep or dispose the extra DRIP units.




19 hours ago

prudentinvestor

"2) It is also OK to declare 40 sen with DRIP, as long as we understand the Real DY is still the same 5.72%."
My real dividend yield is slightly more than 7.27% because I can dispose of my DRP shares for a slight gain. Your dividend yield is 5.72% because your DRP shares are worth nothing, just fictitious shares credited to your CDS account.

14 hours ago

i3gambler

Hahaha.......prudentinvestor,
If you want, without DRIP you also can dispose part of your shares and claim DY = 7.27%.

11 hours ago

prudentinvestor

Without DRP, I would have received RM400 dividend in total and RHB Bank's dividend yield for 2023 was 7.27%., assuming I had bought my RHB Bank shares at RM5.50 a year ago. Why do I need to dispose part of my shares? Are you confused or you just refuse to admit your mistake?

8 hours ago

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