Stock With Momentum: RHB Bank
Page 1 of 1
Stock With Momentum: RHB Bank
Stock With Momentum: RHB Bank
By Asia Analytica / The Edge Financial Daily | June 30, 2016 : 10:31 AM MYT- STOCK WITH MOMENTUM, LATEST NEWS, CORPORATE
- FROM THE EDGE
[size]
Stock With Momentum: RHB Bank
[/size]
- [You must be registered and logged in to see this image.]
- [You must be registered and logged in to see this image.]
- [You must be registered and logged in to see this image.]
- Previous
- Next
[size]
This article first appeared in The Edge Financial Daily, on June 30, 2016.
RHB Bank Bhd (-ve)
SHARES in RHB Bank Bhd (fundamental: 1.1/3, valuation: 1.65/3) triggered our momentum algorithm yesterday for the fourth time this year. The counter closed up 24 sen or 4.96% at RM5.08 yesterday, with some 2.74 million shares traded.
RHB Bank assumed the listing status of RHB Capital Bhd on June 28, completing the restructuring of the financial services group. The restructuring was done to create efficiencies and synergies within the group, as well as to bring more cost savings.
RHB managing director Datuk Khairussaleh Ramli was reported as saying that the group could potentially save RM160 million a year on completion of the restructuring, apart from a projected RM180 million savings per year from the massive career transition scheme the group conducted last year.
Thus, going forward, RHB is potentially looking at total yearly savings of up to RM340 million.
The stock is currently trading at 0.7 times its book value
[/size]
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics
» Hot Stock UEM Sunrise shines after Bank Negara OPR cut
» Alliance is HwangDBS top bank stock pick
» China Construction Bank stock in HK soars
» Hot Stock ManagePay up 4.5% on Bank Negara, UnionPay contracts
» Hot Stock Public Bank among top gainers ahead of 1Q results
» Alliance is HwangDBS top bank stock pick
» China Construction Bank stock in HK soars
» Hot Stock ManagePay up 4.5% on Bank Negara, UnionPay contracts
» Hot Stock Public Bank among top gainers ahead of 1Q results
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|