RHB Bank seeks more time for insurance talks while HLIB keeps RHB Bank stock on hold
Published on 10/19/2026 at 01:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSInsurance talks shape the outlook
- RHB Bank applied for more time on October 16, 2026, while the proposed merger would leave it with up to 35.00 percent.
- Second-quarter 2026 net income was MYR 807.20 million, flat from the same quarter a year earlier.
- RHB Bank was last quoted at MYR 7.32 on Bursa Malaysia on October 16, 2026, with a MYR 32.0 billion market value.
RHB Bank (ISIN MYL1066OO009) applied for more time on October 16, 2026, to conclude negotiations with Tokio Marine Asia over a proposed insurance merger. The Edge reported that RHB Bank could retain up to 35.00 percent of the enlarged insurer, while HLIB kept an MYR 8.00 target in an October 5, 2026 research note.
Three dates frame the story
On August 28, 2026, RHB Bank reported second-quarter net income of MYR 807.20 million, flat from MYR 807.20 million in the second quarter of 2025, according to Simply Wall St. On October 5, 2026, HLIB said higher Malaysian Government Securities yields could weigh on third-quarter trading income, while keeping its MYR 8.00 target and Hold view, as reported by New Straits Times. On October 16, 2026, RHB Bank sought an extension for the Tokio Marine negotiations.
What does the insurance deal change?
The proposed structure would let RHB Bank dispose of up to 100.00 percent of RHB Insurance while retaining up to 35.00 percent in the merged business. The talks include due diligence, commercial terms and transaction documents, and the proposal follows Bank Negara Malaysia approval in May 2026, The Edge reported.
The arrangement also follows 20-year exclusive bancassurance and bancatakaful partnerships signed in August 2025. Those agreements provide up to MYR 1.6 billion in access fees over 20 years, giving the insurance strategy a measurable fee-income component.
How much earnings support remains?
RHB Bank's second-quarter revenue was MYR 2.08 billion, compared with MYR 2.08 billion in the second quarter of 2025, while quarterly earnings per share were MYR 0.18 in both periods, according to Simply Wall St. HLIB expects the insurance, wealth-management and fee businesses to cushion weaker trading income, but its October 5, 2026 note placed the return-on-equity target of 10.80 percent to 11.00 percent nearer the lower end.
Stock context after October 16
RHB Bank was last quoted at MYR 7.32 on Bursa Malaysia on October 16, 2026 at 4:59 p.m. MYT. Its market value was MYR 32.0 billion, and the MYR 6.66 to MYR 8.94 52-week range placed the quote 18.12 percent below the high.
The further course of trading is shown by the continuously updated real-time quote of RHB Bank stock.
RHB Bank key facts
- Company: RHB Bank Berhad
- ISIN: MYL1066OO009
- Ticker: RHBBANK.KL
- Primary exchange: Bursa Malaysia
- Market capitalization: MYR 32.0 billion (as of October 16, 2026)
- 52-week range: MYR 6.66-MYR 8.94 (as of October 16, 2026)
- Sector: Financials
Market context: Latest market reports.
