December 21, 2010

RHBCAP - RHBCap cut to 'hold' at BNP Paribas

Stock Name: RHBCAP
Company Name: RHB CAPITAL BHD
Research House: OTHER



RHB Capital Bhd was cut to "hold" from "buy" at BNP Paribas, which said the company's relative valuation to larger peers has narrowed "substantially" and there's "less exciting" earnings growth prospects in 2011.

The brokerage raised the share-price estimate to RM8.70 from RM8.40, according to a report by analyst Ng Wee Siang. -- Bloomberg




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