RHB Bank

RHB Bank Singapore lifts ST Engineering’s TP to $4.25 as it expects its strong share price performance to continue - THE EDGE SINGAPORE

Broker's Calls

RHB Bank Singapore lifts ST Engineering’s TP to $4.25 as it expects its strong share price performance to continue

The stock’s share price has risen 10% year-to-date and outperformed the STI by 7%.
Analysts reduce their full-year NODX forecasts after May slump - THE EDGE SINGAPORE

Singapore economy

Analysts reduce their full-year NODX forecasts after May slump

Singapore’s May NODX plunged with a contraction of 14.7% y-o-y, significantly worse than Bloomberg’s median estimate of -7.9%.
'Buy' Singtel as Asean's data centre sector enters 'hyper-growth': RHB - THE EDGE SINGAPORE

Broker's Calls

'Buy' Singtel as Asean's data centre sector enters 'hyper-growth': RHB

Also of potential interest are two pure-play data centre S-REITs: Keppel DC REIT and Digital Core REIT.
RHB Bank appoints Ahmad Badri Mohamad Zahir as chairman - THE EDGE SINGAPORE

New appointments

RHB Bank appoints Ahmad Badri Mohamad Zahir as chairman

He replaces Azlan Zainol who had recently retired as the group’s chairman.
RHB's Seet bets on Straco and Marco Polo as recovery plays; Food Empire for growth - THE EDGE SINGAPORE

Investing ideas

RHB's Seet bets on Straco and Marco Polo as recovery plays; Food Empire for growth

Straco Corp, Food Empire Holdings and Marco Polo Marine among RHB’s stocks to watch in 2021
RHB Bank appoints new CEO for Lao branch - THE EDGE SINGAPORE

New appointments

RHB Bank appoints new CEO for Lao branch

Choong was most recently the deputy CEO of RHB Bank Lao before his appointment as CEO.

Zest

Engage client actively to avoid NPL bubble

Malaysia has placed a moratorium on loans to help firms cope with Covid-19, but this could only serve to delay a debt and impaired loan crisis

ANZ talks to sell stake in Malaysia's AmBank scrapped

KUALA LUMPUR/SINGAPORE (Aug 23): Australia and New Zealand Banking Group's (ANZ) talks to sell its 24% stake in Malaysian lender AMMB Holdings (AmBank) to retirement fund KWAP have been called off, people familiar with the matter said on Wednesday.

Malaysia

AMMB, RHB confirm merger plan; get BNM nod

KUALA LUMPUR (June 1): RHB Bank and AMMB Holdings have confirmed that they are exploring a merger and that they have obtained approval from Bank Negara Malaysia (BNM) to commence discussions.   With BNM’s approval, the two lenders said they have inke
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