Strategy Update
- The 2Q report card was slightly better than our expectation. This was reflected primarily in the banking results, which were largely boosted by lower-than-expected allowances for impairment on loans. Of the 105 companies that we covered, 63 (60% of the total) were within our expectations, 23 above projections (21.9% of the total) and 19 below forecasts (18.1% of the total).
RHB Equity 360° - 2 September 2010 (Earnings review, Banks, Sunway, Kencana, SapuraCrest; Technical: Gamuda)
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