Earnings Alerts

RHB Bank Bhd (RHBBANK) Earnings Fall 11% in Q2 Despite 9.1% Revenue Growth

  • RHB Bank reported a net income of 722.3 million ringgit for the second quarter of 2024.
  • This net income represents an 11% decrease compared to the second quarter of the previous year, which was 808.7 million ringgit.
  • Revenue for the second quarter of 2024 stands at 4.42 billion ringgit.
  • Revenue saw a 9.1% increase year-over-year.
  • Analyst ratings for RHB Bank include 3 buy recommendations, 12 hold recommendations, and 1 sell recommendation.
  • All comparisons are based on the company’s original financial disclosures.

A look at RHB Bank Bhd Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Looking ahead, the long-term outlook for RHB Bank Bhd appears optimistic based on the Smartkarma Smart Scores. With a high Dividend score, investors can expect solid returns through dividend payments. The company also scores well in terms of Value and Momentum, indicating a strong position in the market and potential for growth. However, there are areas for improvement, such as Resilience and Growth scores which are moderate. Overall, RHB Bank Bhd‘s focus on dividend payouts and its relative value in the market bode well for its future performance.

RHB Bank Bhd, a provider of banking services, offers a range of financial products including commercial and consumer banking, corporate and investment banking, as well as international banking services. With offerings such as savings accounts, foreign currency accounts, insurance products, and investment planning services, RHB caters to a diverse set of customer needs. The company’s strong Dividend and Momentum scores reflect its stability and growth potential, positioning it well in the competitive banking industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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