RHB BANK BERHAD
KLSE (MYR): RHBBANK (1066)
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Last Price
6.49
Today's Change
-0.01 (0.15%)
Day's Change
6.48 - 6.52
Trading Volume
3,498,800
Financial
Market Cap
Market Cap
28,293 Million
NOSH
4,359 Million
Latest Quarter
Latest Quarter
30-Jun-2024 [#2]
Announcement Date
27-Aug-2024
Next Quarter
30-Sep-2024
Est. Ann. Date
27-Nov-2024
Est. Ann. Due Date
29-Nov-2024
QoQ | YoY
-1.08% | -10.68%
T4Q Result
Revenue | NP to SH
17,435,047.000 | 2,688,338.000
RPS | P/RPS
399.93 Cent | 1.62
EPS | P/E | EY
61.67 Cent | 10.52 | 9.50%
DPS | DY | Payout %
39.46 Cent | 6.08% | 63.98%
NAPS | P/NAPS
7.20 | 0.90
QoQ | YoY
-3.11% | -11.65%
NP Margin | ROE
15.44% | 8.56%
F.Y. | Ann. Date
30-Jun-2024 | 27-Aug-2024
Latest Audited Result
Latest Audited Result
31-Dec-2023
Announcement Date
05-Apr-2024
Next Audited Result
31-Dec-2024
Est. Ann. Date
05-Apr-2025
Est. Ann. Due Date
29-Jun-2025
Annual (Unaudited)
Revenue | NP to SH
16,580,531.000 | 2,806,228.000
RPS | P/RPS
380.33 Cent | 1.71
EPS | P/E | EY
64.37 Cent | 10.08 | 9.92%
DPS | DY | Payout %
39.33 Cent | 6.06% | 61.10%
NAPS | P/NAPS
7.08 | 0.92
YoY
3.64%
NP Margin | ROE
16.95% | 9.09%
F.Y. | Ann. Date
31-Dec-2023 | 27-Feb-2024
Annualized Result
Revenue | NP to SH
17,640,376.000 | 2,904,956.000
RPS | P/RPS
404.64 Cent | 1.60
EPS | P/E | EY
66.64 Cent | 9.74 | 10.27%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
-0.54% | -7.51%
NP Margin | ROE
16.49% | 9.25%
F.Y. | Ann. Date
30-Jun-2024 | 27-Aug-2024
Business Process
| Trailing 4 Quarters | Trailing 8 Quarters | |||
|---|---|---|---|---|
| Available Quarters | 4 Quarters | 8 Quarters | ||
| Continuous Quarters Of Revenue Growth | 4 / 4 | 100.00% | 5 / 8 | 62.50% |
| Total Positive Profit Years | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Positive Profit | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Profit Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Adjusted EPS Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Total Dividend Years | 2 / 4 | 50.00% | 4 / 8 | 50.00% |
| Continuous Quarters Of Dividend | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Continuous Quarters Of Dividend Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Adjusted Dps Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Average ROE | 2.17% | 2.39% | ||
| Average Net Profit Margin | 15.44% | 17.62% | ||
| Last 5 Financial Years | Last 10 Financial Years | |||
|---|---|---|---|---|
| Available Years | 5 Years | 10 Years | ||
| Continuous Quarters Of Revenue Growth | 2 / 5 | 40.00% | 2 / 10 | 20.00% |
| Total Positive Profit Years | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Positive Profit | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Profit Growth | 3 / 5 | 60.00% | 3 / 10 | 30.00% |
| Continuous Quarters Of Adjusted EPS Growth | 3 / 5 | 60.00% | 3 / 10 | 30.00% |
| Total Dividend Years | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Dividend | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Dividend Growth | 3 / 5 | 60.00% | 3 / 10 | 30.00% |
| Continuous Quarters Of Adjusted Dps Growth | 3 / 5 | 60.00% | 3 / 10 | 30.00% |
| Average ROE | 9.02% | 10.72% | ||
| Average Net Profit Margin | 18.86% | 18.22% | ||
Key Result
| T4Q | Annualized | Annual (Unaudited) | Last 10 FY Average | Last 5 FY Average | |
|---|---|---|---|---|---|
| Revenue | 17,435,047 | 17,640,376 | 16,580,531 | 12,274,953 | 13,545,963 |
| NP to SH | 2,688,338 | 2,904,956 | 2,806,228 | 2,228,720 | 2,529,453 |
| Dividend | 1,720,085 | 1,296,996 | 1,714,539 | 948,752 | 1,400,903 |
| Adjusted EPS | 61.67 | 66.64 | 64.37 | 51.12 | 58.02 |
| Adjusted DPS | 39.46 | 29.75 | 39.33 | 21.76 | 32.13 |
NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share
All figures in '000 unless specified.
EPS & DPS's figures in Cent.
Growth
| LQ QoQ | LQ YoY | CQ YoY | LQ vs Average of T4Q | LQ vs Average of T8Q | |
|---|---|---|---|---|---|
| Revenue | 0.35% | 9.15% | 10.73% | 1.36% | 7.64% |
| NP to Owner | -1.08% | -10.68% | -7.51% | 7.47% | 0.82% |
| Dividend | 0.00% | 1.31% | 1.31% | 50.81% | 51.76% |
| Adjusted EPS | -1.08% | -10.68% | -7.51% | 7.47% | 0.82% |
| Adjusted DPS | 0.00% | 1.31% | 1.31% | 50.81% | 51.76% |
LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year
| T4Q vs LFY | T4Q vs AL5FY | T4Q vs AL10FY | AQR vs LFY | AQR vs AL5FY | AQR vs AL10FY | LFY YoY | LFY vs AL5FY | LFY vs AL10FY | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.15% | 28.71% | 42.04% | 6.39% | 30.23% | 43.71% | 24.87% | 22.40% | 35.08% |
| NP to Owner | -4.20% | 6.28% | 20.62% | 3.52% | 14.85% | 30.34% | 3.64% | 10.94% | 25.91% |
| Dividend | 0.32% | 22.78% | 81.30% | -24.35% | -7.42% | 36.71% | 1.26% | 22.39% | 80.72% |
| Adjusted EPS | -4.20% | 6.28% | 20.62% | 3.52% | 14.85% | 30.34% | 3.64% | 10.94% | 25.91% |
| Adjusted DPS | 0.32% | 22.78% | 81.30% | -24.35% | -7.42% | 36.71% | 1.26% | 22.39% | 80.72% |
T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year
Discussions
3 people like this. Showing 50 of 3,923 comments
DY is coming down fast. Now 6.34. If it goes down lower, to consider cash conversion.
1 month ago
DY is still a very high 6.4%, more than twice local banks' 12 month fixed deposit rates. PE is still lower than 10.
1 month ago
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
1 month ago
market is preparing share price adjustment after pay out next monday. First mover advantage, the rest will follow suit.
1 month ago
Too bad, unable to hold above its ex dividend price of RM6.15. Hope it doesn't drop further.
1 month ago
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
1 month ago
When Maybank and CIMB Bank went up, RHB Bank seldom followed but when they dropped, it followed instantly and dropped even more sharply. Sad!
1 month ago
Waiting for it to go up and then sell rather than for it to come down and then buy.
1 month ago
BUY? Are you confident that the bull is still intact? Unless Federal Reserves cut interests rate or else the ringgit will continue to slide.
1 month ago
Yes, buy! Around RM5.50 is a very good buy but that level is a dream price now.
1 month ago
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
1 month ago
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.
1 month ago
Moving up faster now after HLIB raised its TP to RM7.30 but still a long, long way to catch up with CIMB Bank.
1 month ago
I would be ecstatic if it could reach RM8 a share. Would likely start selling even before it reaches RM8, haha!
1 month ago
Friend, if you think you have a deep understanding of stocks, you can join me to discuss it.
1 month ago
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.....
1 month ago
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.
1 month ago
Some investment banks had predicted a drop when the market opened this morning but it was not the case, fortunately.
1 month ago
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 😁
4 weeks ago
Rhb is lagging to other big bank like mbb, cimb...
It is time to catch up in term of 6%+++ attractive dividend yield
4 weeks ago
RM6.51 now. Incidentally it is also the highest in nearly 10 years but still a long way to catch up with CIMB.
4 weeks ago
Rhb shall at least stand at nta $7.20 which is the only one below nta. Undervalued sia!
4 weeks ago
Congrats to the patient holders of this dividend stock. Should be gunning for RM7 soon..
4 weeks ago
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.
4 weeks ago
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.
2 weeks ago
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.
2 weeks ago
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.
1 week ago
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. 🤔
1 week ago
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.😲😲😲
1 week ago
Creeping up slowly ahead of the announcement of its latest quarterly financial results. Perhaps is an indication that it would be better than the previous two quarters. Hope I am right🤣🤣
3 days ago
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