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NewsRHB Research upgrades MBSB to Buy, fair value RM3.70
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RHB Research upgrades MBSB to Buy, fair value RM3.70
by Cals Thu 01 Aug 2013, 09:28
RHB Research upgrades MBSB to Buy, fair value RM3.70
Business & Markets 2013
Written by theedgemalaysia.com
Thursday, 01 August 2013 09:21
KUALA LUMPUR (August 1): RHB Research has upgraded MALAYSIA BUILDING SOCIETY BHD [] to a Buy and said the company’s 1HFY13 core profit of RM330.8 million exceeded the research house’s and consensus expectations.
In a note Thursday, the research house said the near two-fold surge in core profit was mainly due to a boost in personal financing (PF-i) and improved net interest margins (NIMs).
“We revise our FY13/FY14 EPS forecast upwards by 10%/13%, as we are reassured by the Company’s strategy.
“Upgrade to Buy with fair value revised to RM3.70,” it said.
Business & Markets 2013
Written by theedgemalaysia.com
Thursday, 01 August 2013 09:21
KUALA LUMPUR (August 1): RHB Research has upgraded MALAYSIA BUILDING SOCIETY BHD [] to a Buy and said the company’s 1HFY13 core profit of RM330.8 million exceeded the research house’s and consensus expectations.
In a note Thursday, the research house said the near two-fold surge in core profit was mainly due to a boost in personal financing (PF-i) and improved net interest margins (NIMs).
“We revise our FY13/FY14 EPS forecast upwards by 10%/13%, as we are reassured by the Company’s strategy.
“Upgrade to Buy with fair value revised to RM3.70,” it said.
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