Summary
What's in store for RHBCap now that its takeover bid has failed?
RHB Capital Bhd's stock was heavilly sold down after the country's top two banking groups walked away from any potential takeover of the fifth largest bank late last month.See the full content of this document
Extract
The Next Step
Analysts believe that the market has over-reacted to the news and that the steep selldown is unwarranted. Analysts at ECM Libra Investment Research, for example, say the selldown is overdone and unjustifiable, given that RHBCap is poised to deliver double-digit earnings growth and an expected ROE ...
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