KUALA LUMPUR: CIMB Equities Research has upgraded RHB Capital from Neutral to Outperform and raised the target price from RM9.50 to RM10.50.
It said on Thursday the higher target price was due to the potential catalysts of (1) attractive valuations, (2) potential investment banking market share gains, and (3) the possibility of being taken private by the Employees Provident Fund (EPF).
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