RHB Research lifted projections for Axiata Group Bhd and Time dotCom Bhd (TDC) and kept its estimates on OCK Group Bhd.
KUALA LUMPUR: Kenanga Research is optimistic over Axiata Group Bhd
and RHB Bank Bhd's joint bid to secure a digital banking licence from Bank Negara, and projects the digital bank will begin operations in 2HFY22.
The research house said the partnership will likely be successful in its bid as Celcom already serves the underbanked while RHB will benefit the consortium with its expertise and guidance, and Axiata already has the framework to operate a digital bank.
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