KUALA LUMPUR: Alliance DBS Research is maintaining its Buy call on RHB Capital with a target price of RM10, which is a 10% premium to the banking group’s fundamental valuation.
“Our target price implies 1.4 times FY14F book value. RHB Capital’s share price has reacted positively following the proposed merger announcement (of CIMB Group
, Malaysian Building Society Bhd (MBSB) and RHB Capital),” it said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
