RHB BANK BERHAD

KLSE (MYR): RHBBANK (1066)

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Last Price

5.31

Today's Change

-0.02 (0.38%)

Day's Change

5.29 - 5.37

Trading Volume

4,011,400

Financial

Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
2 people like this. Showing 50 of 2,883 comments

prudentinvestor

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.

1 week ago

OnTime

added today

1 week ago

prudentinvestor

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.

1 week ago

moven00

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

1 week ago

prudentinvestor

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.

1 week ago

prudentinvestor

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

1 week ago

linges

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.

1 week ago

linges

5.41 opps..

6 days ago

prudentinvestor

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

6 days ago

unicornbird

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

6 days ago

linges

@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.

6 days ago

speakup

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

6 days ago

moven00

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.

6 days ago

unicornbird

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

6 days ago

Berlin

@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.

6 days ago

speakup

@Berlin TQ

6 days ago

prudentinvestor

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

6 days ago

Berlin

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.

6 days ago

unicornbird

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

6 days ago

moven00

Result ok. Unfortunately sector downtrend for now

5 days ago

prudentinvestor

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.

5 days ago

moven00

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.

5 days ago

prudentinvestor

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.

4 days ago

unicornbird

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

4 days ago

unicornbird

Is RHB heavily exposed to any sector?

4 days ago

prudentinvestor

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%.

4 days ago

Cryptolover

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

4 days ago

unicornbird

good, hope they continue to dump

4 days ago

HUNTER

i ready to collect,let them dump

4 days ago

prudentinvestor

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

4 days ago

prudentinvestor

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

4 days ago

unicornbird

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%

4 days ago

prudentinvestor

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.

4 days ago

moven00

Put out our laddering. Buy stages by stages.

4 days ago

cwc1981

Debts ceiling raised. So hope tomorrow will be better

3 days ago

unicornbird

prudent, what's the max EPF can own?

3 days ago

prudentinvestor

EPF holds about 66% of MBSB's paid up capital. The more RHB Bank shares EPF holds, the more illiquid it becomes. I really don't know the max number of RHB Bank shares EPF is allowed to hold. The government has the final say.

3 days ago

Beast

every 10 sen drop i buy 1000 unit. almost all in

2 days ago

troy88

i would not be surprised will drop below 5.20 looking at PBB and CIMB. Foreign funds spooked by fear of Anwar's govt will tumbang with the romours about GPS betrayal

2 days ago

moven00

You love RHB? Your RHB die hard fan? You hav confidence RHB will bounce back? You like their dividend? You believe in RHB management? Now…now is the time it will test you. 5.20? Nah….
It will tank even below 4.74 if the whole market crash. You dare to average down? It’s down to our emotion and mental strength to stick to our plan.

2 days ago

i3lurker

3 EPF subcontractors sold, [those in 100Ks]
EPF itself been doing massive buying, [those millions millions one], much more than EPF subcontractors sold.

its totally up to you whether you believe there will be a change in gobermen

believe SELL
dun believe BUY

market crash SELL
no market crash BUY

go ahead and VOTE with your money
every vote counts

2 days ago

prudentinvestor

@moven00, worried about a blue chip bank counter which has consistently made profits for the past 10 years, with an average eps of over 58 sen, a PE of less than 9 and a dividend yield of over 7% dropping to RM5.20 and may be to below RM4.74? Just name me 5 counters listed on Bursa which have comparable PEs and dividend yields to RHB Bank. Yet you were prepared to buy Bursa at RM6. Bursa has a PE of over 20 and a dividend yield of just above 4.

1 day ago

moven00

@prudentinvestor, that is what I try to say, no need to worried. Only plan our entry. Not everyday you’ll be presented with an opportunity to buy good company at a bargain.

1 day ago

OnTime

sometimes one has to take advantage of market irrationality.

1 day ago

speakup

Problem is ppl wan to buy cheapest as if they got a crystal ball to show them the cheapest.
From my own experience, I bought cimb rm3.80 it went as low as rm3 then rebound as high as rm5.80

1 day ago

i3lurker

Like I said before FF will continue to sell down marginal markets globally to dump into AI engines.

With a small AI Engine costing minimum USD250 million, there is a lot of dumping going to happen globally.

FF are forming up AI consortiums to build their own engines even as we speak.

RHB is good
except that FF is reaching out for the miracle sparkling object.
Americans see this USD250 million AI engine as equivalent in significance and yet much more important than the birth of the IBM PC.

21 hours ago

Up_down

Bank sector valuation has been shifted from P/B to PER. Market is rather consistent nowadays.

Singapore banks, UOB, OCBC & DBS, are traded at PER 8.8x.

Maybank - PER 12.2x
PBBank & RCECap - PER 11.4x & 11x
HLBank - PER 10x
CIMB - PER 9x
ABMB, BIMB & RHBank & (Affin forward PER) - PER 7.7x
AMBank, HLFG & AeonCr - PER 7x

19 hours ago

i3lurker

banking valuation also varies by geographical location

18 hours ago

unicornbird

Up_down, sg banks will likely to have negative net interest margin.
The Fixed deposit rate is about 3.8%, but the mortgage is 3.7%. the banks could be subsidizing the property market to prevent a sharp correction.

7 hours ago

OnTime

banks are at the forefront for a.i. application and the banking sector should do very well when this technology is widely adopted (hence higher valuation is warranted?).

6 hours ago

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