KUALA LUMPUR: RHB Investment Bank Bhd (RHB IB) said the trading suspension requested by Public Bank Bhd
and LPI Capital Bhd of their respective shares lends credence to media reports of a deal being struck.
In a research note today, RHB IB said that based on its estimation, an all-cash deal would be earnings and return of equity (ROE) accretive, and would move Public Bank’s Common Equity Tier 1 (CET-1) ratio to a more optimal level, in line with the management’s recently stated objective of "optimising capital to maximise ROE”.
