RHB BANK BERHAD

KLSE (MYR): RHBBANK (1066)

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Last Price

5.61

Today's Change

+0.01 (0.18%)

Day's Change

5.60 - 5.64

Trading Volume

1,510,100


2 people like this.

3,173 comment(s). Last comment by sgnewguy 4 minutes ago

Posted by prudentinvestor > 3 weeks ago | Report Abuse

Few small investors buy this kind of counter, preferring instead to lose money on speculative counters.

Posted by prudentinvestor > 2 weeks ago | Report Abuse

Just unable to gather sufficient momentum to move up. Pity that it has now lagged behind CIMB bank by over 60 sen.

Posted by prudentinvestor > 2 weeks ago | Report Abuse

While other banks like Maybank, Public Bank and CIMB Bank surge ahead, RHB Bank struggles to even maintain at above RM5.60.

speakup

24,497 posts

Posted by speakup > 2 weeks ago | Report Abuse

Swap to Cimb lor

Posted by prudentinvestor > 2 weeks ago | Report Abuse

Not after it has gone up by RM1.50 (over 30%).

speakup

24,497 posts

Posted by speakup > 2 weeks ago | Report Abuse

Maybank and Cimb is used to push up the CI

speakup

24,497 posts

Posted by speakup > 2 weeks ago | Report Abuse

PMX pushing up the CI to show the world Malaysia has reformed, but really it hasn't as shown by Najib pardon & Zahid DNAA

Posted by prudentinvestor > 2 weeks ago | Report Abuse

Between Maybank and CIMB Bank, I still prefer the former.

smartly

6,342 posts

Posted by smartly > 2 weeks ago | Report Abuse

soon will be BPP as well...

Posted by diuleiloumei > 2 weeks ago | Report Abuse

Maybank and cimb already move up alots, rhb still very laggard behind like no tomorrow

Posted by Investor128 > 2 weeks ago | Report Abuse

Rhb-C51 cheap RM5.62-RM5.50= RM0.12 / 3 = RM0.04 vs current price RM0.035 at least 14% upside

speakup

24,497 posts

Posted by speakup > 2 weeks ago | Report Abuse

is there something wrong with Rhb which we retailers are not aware of?

Hemsley

324 posts

Posted by Hemsley > 2 weeks ago | Report Abuse

OK, switch counter after collect the dividend for the last time.

Posted by prudentinvestor > 2 weeks ago | Report Abuse

RHB Bank's share price hasn't dropped, it just refuses to go up. We would know whether something is wrong with the bank in another two weeks.

Posted by SN Steven Ng > 1 week ago | Report Abuse

SN Steven Ng

Market is your Servant to serve you. Market is not your Master to guide you. All in.

speakup

24,497 posts

Posted by speakup > 1 week ago | Report Abuse

? Tak paham

Posted by prudentinvestor > 1 week ago | Report Abuse

Counters must go up after we have bought and go down after we have sold. This stock exchange is operated by Santa Claus.

GT8989

22 posts

Posted by GT8989 > 1 week ago | Report Abuse

next week critical break >Rm6 or down <Rm5.20

calvintaneng

52,882 posts

Posted by calvintaneng > 4 days ago | Report Abuse

Blog: A LOOK AT DIVIDEND PERFORMANCE BETWEEN PALM OIL & BANKS, Calvin Tan

https://klse.i3investor.com/web/forum/forum-thread/608619778

dam82

2,145 posts

Posted by dam82 > 3 days ago | Report Abuse

why no result annouced i throught its today

Posted by prudentinvestor > 3 days ago | Report Abuse

@Calvin TP Tan, Maybank has consistently paid yearly dividends in excess of 50 sen per share for over 10 years, translating into a dividend yield of over 6%. Name me one plantation counter that can come close to this feat.

Posted by lechewai1963 > 3 days ago | Report Abuse

Tmr. Result......

Posted by prudentinvestor > 3 days ago | Report Abuse

Possible over lunch break today. Share price quite stable over the past few days. Nothing unexpected would happen.

Posted by new2stockmarket > 3 days ago | Report Abuse

Results out

smartly

6,342 posts

Posted by smartly > 3 days ago | Report Abuse

q-o-q drop 10%
y-o-y drop 24%

smartly

6,342 posts

Posted by smartly > 3 days ago | Report Abuse

still manage to declare 25sen dividend.

dam82

2,145 posts

Posted by dam82 > 3 days ago | Report Abuse

ermm not a good result for me but divident maintain may be exit and come back when low price ...dilema

Posted by prudentinvestor > 3 days 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 days 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.

dam82

2,145 posts

Posted by dam82 > 2 days ago | Report Abuse

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

goldenhope

239 posts

Posted by goldenhope > 2 days ago | Report Abuse

Lower profit due to allowance for credit losses RM230 mil.

GT8989

22 posts

Posted by GT8989 > 2 days ago | Report Abuse

the point is QnQ YnY dropping and ROE dropping as well

Posted by prudentinvestor > 2 days 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.

speakup

24,497 posts

Posted by speakup > 2 days 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 > 2 days ago | Report Abuse

Disappointed dividend and share price

Posted by prudentinvestor > 2 days 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%.

Yolo1234

95 posts

Posted by Yolo1234 > 2 days 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.

iscmob

13 posts

Posted by iscmob > 2 days 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.

ahbah

5,727 posts

Posted by ahbah > 2 days 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.

stkoay

5,727 posts

Posted by stkoay > 2 days 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.

observatory

1,001 posts

Posted by observatory > 1 day 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!

GT8989

22 posts

Posted by GT8989 > 1 day ago | Report Abuse

More likely harbor around Rm5... until improving ROE

sheldon

1,378 posts

Posted by sheldon > 1 day 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 day 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 day 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.

1288Go

65 posts

Posted by 1288Go > 22 hours ago | Report Abuse

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

1288Go

65 posts

Posted by 1288Go > 22 hours 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 ! 😊

yielder

8 posts

Posted by yielder > 18 hours 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

Xcalibre

462 posts

Posted by Xcalibre > 3 hours ago | Report Abuse

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

Posted by sgnewguy > 4 minutes 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?

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