| CIMB Group Holdings Bhd. and Malayan Banking Bhd., set for a battle to become Southeast Asia's largest lender, risk overpaying for RHB Capital Bhd.
RHB Capital, based in Kuala Lumpur, trades at 2.21 times its book value per share, compared with an average 1.63 times for Asia-Pacific banks, according to data compiled by Bloomberg. The median price-to-book value among 39 similar banking acquisitions in the past five years was 1.78, data show. .............................................Full Article: Source
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