KUALA LUMPUR: Maybank Investment Bank Research says RHB Bank’s operational performance to date has been decent and it expects the momentum to continue amid stable operating parameters.
In its research note issued on Tuesday, it said in particular, the group’s large FVOCI (fair value through other comprehensive income) reserve could provide support to earnings if realised.
“Meanwhile, there is room for higher dividend payouts in the future, in our view. We maintain a BUY on RHB with an unchanged TP of MYR6.50 (FY20 PBV of one time, returns on equity: 9.7%), ” it said.
...