Stock Name: RHBCAP
Company Name: RHB CAPITAL BHD
Research House: CREDIT SUISSE
Company Name: RHB CAPITAL BHD
Research House: CREDIT SUISSE
RHB Capital Bhd was given an “outperform” rating in new coverage by Credit Suisse Group AG, which said there is “huge potential upside” for the company’s market share and profitability.
Credit Suisse is “bullish” because RHB Capital retail banking strategy may lead to “positive” earnings surprises; the company is “well positioned” to be among those benefiting most from Malaysia’s Economic Transformation Programme; its stock is the cheapest among large-cap banks while it is also “under-owned” by foreign investors, analyst Danny Goh wrote in a report today. -- Bloomberg
The stock was given a 12-month target price of 11.80 ringgit, implying 46 percent upside, the note said.
Credit Suisse is “bullish” because RHB Capital retail banking strategy may lead to “positive” earnings surprises; the company is “well positioned” to be among those benefiting most from Malaysia’s Economic Transformation Programme; its stock is the cheapest among large-cap banks while it is also “under-owned” by foreign investors, analyst Danny Goh wrote in a report today. -- Bloomberg
The stock was given a 12-month target price of 11.80 ringgit, implying 46 percent upside, the note said.
No comments:
Post a Comment