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RHB Research maintains Buy on BIMB, trims fair value

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RHB Research maintains Buy on BIMB, trims fair value Empty RHB Research maintains Buy on BIMB, trims fair value

Post by Cals Tue 01 Apr 2014, 13:49

RHB Research maintains Buy on BIMB, trims fair value
Business & Markets 2014
Written by theedgemalaysia.com   
Tuesday, 01 April 2014 08:04

KUALA LUMPUR (April 1): RHB Research has maintained its Buy rating on BIMB Holdings Bhd with a lower fair value of RM4.80 (from RM4.90) and said BIMB’s investor meetings garnered strong investor interest with its strategies to combat the changing regulatory landscape, which may impact the deposit products of Bank Islam (BI), its subsidiary.

In a note Tuesday, the research house said its diluted fair value was nudged lower to RM4.80 (from RM4.90), as it reduced its asset growth assumption in tandem with BI’s target.

“Maintain Buy, as we continue to see value in the bank given its better fundamentals and asset quality,” it said.
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