CIMB retains Add for RHB Capital

KUALA LUMPUR: CIMB Equities Research is maintaining its Add recommendation for RHB Capital and its top pick for the sector due to its robust loan growth, market share gains in its investment banking business, and swift expansion in Singapore.     

It said on Monday that the current RHB Capital Group managing director Kellee Kam who will be leaving the group on May 4, had stated in news report the group does not have immediate plans for M&As.