AmInvest Research retains buy on RHB Bank, FV RM6.80

AmInvest said RHB Banking group has seen positive results from its digital transformation journey.

KUALA LUMPUR: AmInvestment Research is maintaining its buy recommendation on RHB Bank with an unchanged fair value of RM6.80 a share.

In its research note on Wednesday, the research house continued to peg the stock to FY22 price-to book value (P/BV) of 0.9 times, supported by a return on equity (ROE) of 10.0%.