RHB Bank

[winston]

Preserving growth momentum

Managing growth

With core net profit up 9% YoY in 1Q26, management hopes to preserve the momentum through the preservation of loan growth, NIMs and NOII, while improving cost efficiencies.

With a potential CET1 enhancement from Jan 2028 onwards, we would not rule out the possibility of capital management measures.

BUY maintained alongside our TP of MYR9.40 (CY26E PBV: 1.15x, COE: 9.3%, ROE: 10.1%).

FY26E dividend yield of ~5.7% is attractive.

Source: Maybank

https://mkefactsettd.maybank-ke.com/PDFS/546916.pdf