RHB BANK BERHAD

KLSE (MYR): RHBBANK (1066)

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Last Price

6.40

Today's Change

-0.05 (0.78%)

Day's Change

6.36 - 6.45

Trading Volume

5,826,600


3 people like this.

3,922 comment(s). Last comment by pang72 5 days ago

Posted by prudentinvestor > 1 month ago | Report Abuse

From a low of 5.48 just one and a half months ago to RM6.25 today on top of a15 sen a share interim dividend, I have no complaint about its recent performance. Still a long way to go to match other banks.

pang72

51,451 posts

Posted by pang72 > 1 month ago | Report Abuse

Payment Date
30-Sep-2024

Bursino

314 posts

Posted by Bursino > 1 month ago | Report Abuse

DY is coming down fast. Now 6.34. If it goes down lower, to consider cash conversion.

Posted by prudentinvestor > 1 month ago | Report Abuse

DY is still a very high 6.4%, more than twice local banks' 12 month fixed deposit rates. PE is still lower than 10.

Posted by Tehkim1295 > 1 month ago | Report Abuse

NEXT 5 YEARS OUTLOOK NUMBERS

Retailers can use some basic mathematics to understand how management set the expectations on growth & payouts

i) ROE – widely used metric to indicate management efficiency. Let’s assume in the next business plan, a 10% sustainable, achievable target is set.

ii) EPS growth – Management to set. Let’s assume they look at 3 scenarios of high, medium, low growths.

iii) Dividend payout ratio – DPR is surprisingly a useful lever used to manage i) & ii)

We work out some calculations* below and notice the following EPS – DPR mapping:

EPS growth corresponding DPR
High 4.5% 55%
Med 3.5% 65%
Low 2.5% 75%

Calculations*:
DPR 55.00%
Target ROE BV EPS DV RE Implied EPS growth
10% 2024 7.20 72 40 32
10% 2025 7.52 75 41 34 4.5%
10% 2026 7.86 79 43 35 4.5%
10% 2027 8.22 82 45 37 4.5%
10% 2028 8.59 86 47 39 4.5%
10% 2029 8.97 90 49 40 4.5%
2030 9.38

DPR 65.00%
Target ROE BV EPS DV RE Implied EPS growth
10% 2024 7.20 72 47 25
10% 2025 7.45 75 48 26 3.5%
10% 2026 7.71 77 50 27 3.5%
10% 2027 7.98 80 52 28 3.5%
10% 2028 8.26 83 54 29 3.5%
10% 2029 8.55 86 56 30 3.5%
2030 8.85

DPR 75.00%
Target ROE BV EPS DV RE Implied EPS growth
10% 2024 7.20 72 54 18
10% 2025 7.38 74 55 18 2.5%
10% 2026 7.56 76 57 19 2.5%
10% 2027 7.75 78 58 19 2.5%
10% 2028 7.95 79 60 20 2.5%
10% 2029 8.15 81 61 20 2.5%
2030 8.35

cheeseburger

2,870 posts

Posted by cheeseburger > 1 month ago | Report Abuse

market is preparing share price adjustment after pay out next monday. First mover advantage, the rest will follow suit.

Posted by prudentinvestor > 1 month ago | Report Abuse

Too bad, unable to hold above its ex dividend price of RM6.15. Hope it doesn't drop further.

Reggie

49 posts

Posted by Reggie > 1 month ago | Report Abuse

Have anyone receive the dividend?

mf

29,107 posts

Posted by mf > 1 month ago | Report Abuse


Nikkei 225
38,042.50 38,441.00 37,898.50 -1,779.00 -4.47%

minichart

23 posts

Posted by minichart > 1 month ago | Report Abuse

https://www.minichart.com.sg/2024/09/30/rhb-bank-upgraded-to-buy-amid-strong-profit-growth-and-improved-asset-quality/

Pre-Provision Operating Profit: RHB Bank has demonstrated a strong trend in pre-provision operating profit, contributing to the upgrade in the stock’s rating.
Improving Asset Quality: RHB Bank’s asset quality has shown improvement, which supports the positive outlook for the bank’s future performance.

Thank you

Posted by prudentinvestor > 1 month ago | Report Abuse

When Maybank and CIMB Bank went up, RHB Bank seldom followed but when they dropped, it followed instantly and dropped even more sharply. Sad!

speakup

27,010 posts

Posted by speakup > 1 month ago | Report Abuse

drop = buying opportunity isn't it? yes? no?

Posted by prudentinvestor > 1 month ago | Report Abuse

Waiting for it to go up and then sell rather than for it to come down and then buy.

Posted by Tedinvestor > 1 month ago | Report Abuse

BUY? Are you confident that the bull is still intact? Unless Federal Reserves cut interests rate or else the ringgit will continue to slide.

Posted by prudentinvestor > 1 month ago | Report Abuse

Yes, buy! Around RM5.50 is a very good buy but that level is a dream price now.

Mytime

110 posts

Posted by Mytime > 1 month ago | Report Abuse

I made the right decision about selling Maybank and invested in RHB. Now I owned more units shares in RHB compared Maybank. Paper gains also 50% higher than Maybank. I hope future dividend can maintain at 40 cents

Posted by prudentinvestor > 4 weeks ago | Report Abuse

Moving up at a snail's speed. If it can consistently inch up by 1sen every week, that would be 52sen or 8% a year. Still not too bad.

Posted by prudentinvestor > 4 weeks ago | Report Abuse

Moving up faster now after HLIB raised its TP to RM7.30 but still a long, long way to catch up with CIMB Bank.

stkoay

6,479 posts

Posted by stkoay > 4 weeks ago | Report Abuse

@prudentinvestor, Congratulation !

Posted by prudentinvestor > 4 weeks ago | Report Abuse

I would be ecstatic if it could reach RM8 a share. Would likely start selling even before it reaches RM8, haha!

Posted by SilverJoyce > 4 weeks ago | Report Abuse

hi

Posted by GoodBrother > 4 weeks ago | Report Abuse

Friend, if you think you have a deep understanding of stocks, you can join me to discuss it.

xiaochen

534 posts

Posted by xiaochen > 4 weeks ago | Report Abuse

Even turtle can fly high...outside of my expectation.

alyson97

27 posts

Posted by alyson97 > 4 weeks ago | Report Abuse

Mr GreenTrade, the gain is now 740% compared to my purchase price lol. But I am not that greedy la.... satisfied with almost 200% gain. It was such a good opportunity to have an undervalued bank stock + warrant below its intrinsic value. Not sure if there is such opportunity again.....

Posted by prudentinvestor > 3 weeks ago | Report Abuse

Smart investor. Can get rich fast if you invest in a big way.

xiaochen

534 posts

Posted by xiaochen > 3 weeks ago | Report Abuse

The push is ready for coming fall.
No eye to see on Monday.

xiaochen

534 posts

Posted by xiaochen > 3 weeks ago | Report Abuse

Will joint neighbor stock market for the very first time.

Posted by prudentinvestor > 3 weeks ago | Report Abuse

Over the past one year, RHB Bank has just risen by 14.64% (from 5.60 to 6.42) whereas CIMB Bank has gone up by 45.02% (from 5.62 to 8.15). If your forecast is accurate, CIMB investors should be more worried.

Posted by jeffrey1166 > 3 weeks ago | Report Abuse

tp can set 8 above

Posted by jeffrey1166 > 3 weeks ago | Report Abuse

mm accumulating

xiaochen

534 posts

Posted by xiaochen > 3 weeks ago | Report Abuse

Haha, no impact at all.

Posted by prudentinvestor > 3 weeks ago | Report Abuse

Some investment banks had predicted a drop when the market opened this morning but it was not the case, fortunately.

Bursino

314 posts

Posted by Bursino > 3 weeks ago | Report Abuse

RHB share price hit my TP of 6.50. Since investment banks have upgraded RHB's TP to 7.50, I am now adjusting my TSP to 6.80 accordingly 😁

Posted by Tedinvestor > 3 weeks ago | Report Abuse

Nice

pang72

51,451 posts

Posted by pang72 > 3 weeks ago | Report Abuse

Rhb is lagging to other big bank like mbb, cimb...
It is time to catch up in term of 6%+++ attractive dividend yield

pang72

51,451 posts

Posted by pang72 > 3 weeks ago | Report Abuse

Rhb tp7. 50 still lagging to cimb at $8.20 today 23Oct24

Posted by prudentinvestor > 3 weeks ago | Report Abuse

RM6.51 now. Incidentally it is also the highest in nearly 10 years but still a long way to catch up with CIMB.

pang72

51,451 posts

Posted by pang72 > 3 weeks ago | Report Abuse

Rhb shall at least stand at nta $7.20 which is the only one below nta. Undervalued sia!

troy88

3,007 posts

Posted by troy88 > 3 weeks ago | Report Abuse

Congrats to the patient holders of this dividend stock. Should be gunning for RM7 soon..

pang72

51,451 posts

Posted by pang72 > 3 weeks ago | Report Abuse

The only 6% dividend yield bank below $10

Posted by prudentinvestor > 3 weeks ago | Report Abuse

HLIB has lifted its net profit estimates for RHB Bank by 4%-5% or around 3sen a share for the financial year ending Dec 31, 2024. This means it's EPS would come in at around 70sen a share. Assuming a conservative PE of 10, this would mean RHB is worth at least RM7 a share.

pang72

51,451 posts

Posted by pang72 > 3 weeks ago | Report Abuse

Rhb is cheapest bank...
70c eps is amazing

Posted by prudentinvestor > 1 week ago | Report Abuse

Should be trading at above RM7 a share instead of below RM6.50. Hopefully this is achievable after the release of its third quarter financial results.

Posted by prudentinvestor > 1 week ago | Report Abuse

Since climbing above RM6 a share two months ago, it has not dropped before RM6 again. Good chance that its share price could scale higher.

pang72

51,451 posts

Posted by pang72 > 1 week ago | Report Abuse

Under new president Trump must hide inside dividend stock

Posted by prudentinvestor > 6 days ago | Report Abuse

Banks should do well this year. DBS bank has turned in a record third quarter profit, with an eps of SGD0.98 despite a 1 for 10 bonus issue earlier this year.

Bursino

314 posts

Posted by Bursino > 6 days ago | Report Abuse

Sell RHB to add AmBank. AmBank traditionally announce dividend with Q3 results. any upwards gain in price from both of them is likely to be at par. 🤔

Posted by prudentinvestor > 6 days ago | Report Abuse

Only 6sen a share for the past two years. RHB Bank's yield is still much better though AmBank has a lower PE. It is OK if there is no brokerage. I would commit fresh capital rather than sell my RHB in exchange for another bank counter.😲😲😲

Bursino

314 posts

Posted by Bursino > 6 days ago | Report Abuse

Sensible. Thanks.

pang72

51,451 posts

Posted by pang72 > 5 days ago | Report Abuse

Yes! Agreed.

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