RHB net profit up 18%, proposed dividend of 21.38sen

• Net profit for the fourth quarter ended Dec 31, 2010 increased 12.7% YoY to RM380.7mil from RM453.2mil previously.
• Final dividend of 21.38 sen, making total for the year at 26.38 sen.
• Earnings boosted by net interest income and low provisions but was partly offset by impairment loss on other assets.

 RHBCAP : Target price  RM9.56