By mystock
Bumiputra-Commerce Holdings - ROE to hit 18% by 2011
ROE to hit 18% by 2011. Bumiputra-Commerce Holdings’ (BCHB) 2009 upgrade is very much within ours and market expectation, but the surprise is the 18% ROE target for 2011, which is well over the target for 2009. We think this is achievable given the combination of strong earnings growth and capital...
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