0728 GMT - RHB Bank's newly unveiled three-year strategy seems ambitious but achievable, given its strong performance in 2024, MIDF Research analyst Imran Yassin Yusof says in a note. The lender targets ROE of over 12% by 2027, a cost-to-income ratio below 44.8% and a gross impaired loans ratio under 1.3%, he notes. However, achieving 7% domestic loan growth and 10% fee-based income growth may be challenging, depending on market conditions, he reckons. Any slowdown in domestic growth could pressure loan expansion, while weak financial markets may impact wealth management growth, he adds. MIDF maintains a buy rating on RHB and keeps its target price at MYR7.40. Shares are 0.3% higher at MYR6.90. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
March 10, 2025 03:28 ET (07:28 GMT)
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