Malaysia’s RHB Capital Bhd shares rose as much as 4.9 per cent on today as investors, buoyed by positive news from developments in the Eurozone, returned to the market.
RHB shares were particularly attractive among financials because it is presently undergoing negotiations with OSK Holdings Bhd to takeover the latter’s brokerage business.
“We are expecting results of the negotiation next month,” a local analyst told Reuters.
“However, the market has mixed reaction about the deal, which we suspect will be priced at between 1.9-2.2 times book value.”
The analyst could not be named as she was not authorised to speak to the media.
RHB shares were up 4.6 per cent to RM7.70 (US$2.461) per share as at 0321 GMT compared to the broader market’s 0.8 per cent rise. - Bernama
RHB shares were particularly attractive among financials because it is presently undergoing negotiations with OSK Holdings Bhd to takeover the latter’s brokerage business.
“We are expecting results of the negotiation next month,” a local analyst told Reuters.
“However, the market has mixed reaction about the deal, which we suspect will be priced at between 1.9-2.2 times book value.”
The analyst could not be named as she was not authorised to speak to the media.
RHB shares were up 4.6 per cent to RM7.70 (US$2.461) per share as at 0321 GMT compared to the broader market’s 0.8 per cent rise. - Bernama
