RHB Capital Bhd - Dragged down by a margin squeeze

Stock Name: RHBCAP
Company Name: RHB CAPITAL BHD

Research House: CIMB

Price Call: HOLD

Target Price: 7.50

Target RM7.50

FY11 net profit met our expectations as it accounted for 97% of our forecast and consensus. However, net profit growth at only 5.7% was slow, impacted by a margin squeeze that offset the positive effects of swift loan growth.

Source: CIMB Daybreak February 29, 2012, Full PDF Report