<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on February 13, 2018</span></p></div><div class=newsTextDataWrapInner><p><strong>RHB Bank Bhd<br />
(Feb 12, RM5.17)&nbsp;<br />
Maintain buy with an unchanged fair value (FV) of RM6:</strong> RHB Investment Bank Bhd will be acquiring the remaining 51% stake (6,885,000 shares of Vietnamese dong [VND] 10,000 [RM1.73] each) that it does not own in Vietnam Securities Corp (VSC) from Chu Thi Phuong Dung, Truong Lan Anh and Viet Quoc Insurance Broker Joint Stock Co.</p></div>

<div class=newsTextDataWrapInner><p>The additional shareholdings will be acquired for US$5.36 million (RM21.29 million). The acquisition is expected to be completed by the second quarter of financial year 2018 (2QFY18), consequently turning VSC into a wholly-owned subsidiary of RHB Investment Bank. Payment will be satisfied by cash.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>VSC’s financials for the year ended Dec 31, 2009 showed a net profit of VND3.2 billion.</p></div>

<div class=newsTextDataWrapInner><p>Earnings accretion from the deal to RHB Bank is expected to be minimal for the additional 51% stake.</p></div>

<div class=newsTextDataWrapInner><p>As the acquisition cost is not substantially large, the impact to the group’s capital will be minimal. We maintain our forecast for RHB Bank. We kept our “buy” call on the stock with an unchanged FV of RM6 per share based on FY18 price-to-book-ratio of one time supported by a return on equity of 9.1%. &nbsp;— AmInvestment Bank, Feb 12.</p></div>


RHB Bank Bhd
(Feb 12, RM5.17) 
Maintain buy with an unchanged fair value (FV) of RM6: RHB Investment Bank Bhd will be acquiring the remaining 51% stake (6,885,000 shares of Vietnamese dong [VND] 10,000 [RM1.73] each) that it does not own in Vietnam Securities C...

Earnings accretion from VSC deal to RHB Bank expected to be minimal

JRG Minerals Sdn Bhd is collaborating with Shandong Huaxin Industry Co Ltd for a development project in Kuantan, Pahang, with an estimated value of some RM15 billion.

JRG Minerals teams up with Shandong Huaxin for RM15b development project in Pahang

The Malaysian Anti-Corruption Commission (MACC) has never stopped investigation into the construction of the littoral combat ships (LCS), said its chief commissioner Tan Sri Azam Baki.

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Luxchem Corp Bhd’s net profit for the first quarter ended March 31, 2024 (1QFY2024) surged over 54% to RM11.56 million or 1.08 sen per share from RM7.5 million or 0.7 sen per share a year earlier on the back of stronger earnings from both its trading and manufacturing segments.

The industrial chemical and material group’s revenue rose 19.8% to RM183.15 million versus RM152.83 million a year ago as driven by its trading and manufacturing segments, according to a bourse filing on Thursday.

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THE price of gold, which had ignored the persistent US dollar strength last week, pushing past the record US$2,300 threshold, is expected to maintain its upward trajectory due to expectations of global monetary easing, central banks’ continued buying of the precious metal as well as a play on its...

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CGS International has cut its earnings estimate for Inari Amerton Bhd as recent data flagged weakened smartphone demand, according to its research note on Thursday.

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PARIS (April 25): BNP Paribas (BNPP) reported a fall in first-quarter profit and revenue on Thursday but beat analyst forecasts, as lower expenses and a strong performance in its corporate banking business offset flat or falling revenues elsewhere.

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KUALA LUMPUR (April 25): theedgemalaysia.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close on Thursday (April 25). One stock showed positive momentum, while eight stocks showed negative momentum.

The stock with positive momentum was:

  &nb...

RGT, Notion, BMGreen, Plytec, AlAqar, Sasbadi, QL, Sign, CGB

<p>KUALA LUMPUR (April 25): The Employees Provident Fund (EPF) members, who are below 55 years old, will have an Account 3, in addition to the existing two accounts for their retirement savings, starting May 11.&nbsp;</p>


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<p>Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.</p>


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<p>KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to new all-time highs, and investors should stop buying the stock now, Maybank Investment Bank (Maybank IB) said and downgraded the stock to ‘hold’.</p>

<p>Maybank IB is the first from a total of fi...

Mega First shares likely peaked; Maybank IB the first to downgrade stock

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<p>KUALA LUMPUR (April 25): Agricore CS Holdings Bhd, a food ingredients supplier, has obtained approval from Bursa Malaysia Securities Bhd to list on its ACE Market.</p>


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<p>Malaysia’s consumer inflation came in lower than expected in March from a year earlier as prices of healthcare and food rose at a slower pace, official data on Thursday showed.</p>

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<p>RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level.</p>


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<p>Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments.</p>


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<p>Benchmark S&amp;P 500 closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from technology giants.</p>


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<p>The Court of Appeal has allowed a bid by Tan Sri Muhyiddin Yassin to have a bench of five judges to hear his review application to restore his acquittal by the High Court of four of his abuse of power charges last year.</p>

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<p>Visa Inc recently reported impressive fiscal second quarter 2024 results, with net revenue increasing by 10% and payments volume growing by 8%.</p>


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<p>(April 24): Some of the world's largest solar equipment makers asked President Joe Biden's administration on Wednesday to impose tariffs on panels and cells from four Asian countries, to protect billions of dollars in investments in US manufacturing.</p>
