RHB Capital Bhd, the parent company of RHB Bank, continued to attract strong interest over the past weeks on potential merger and acquisition (M&A) play. Mayban Securities, in a recent note, advised investors to take up position in this stock, ahead of a likely group revamp, which it expects to happen over the next six months. Another brokerage concurred, citing restructuring expectations. RHB Capital recently released its results for six months ended June 30, which came in within analysts' estimates.
RHBCAP : [Stock Watch] [News]