June 27, 2011

RHBCap downgraded to 'hold'

Stock Name: RHBCAP
Company Name: RHB CAPITAL BHD
Research House: MAYBANKPrice Call: HOLDTarget Price: 9.40



RHB Capital Bhd, a Malaysian lender, was downgraded to "hold" from "buy" at Maybank Investment Bank Bhd, which reduced the stock's valuation after bank merger talks were scrapped.

The stock's share estimate was cut to RM9.40 from RM10.40, analyst Desmond Ch'ng wrote in a report today. -- Bloomberg

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