By looking at history, it's rare for banks to offer rights issue. The last bank to do RI was in 2015 by HL bank at a ratio of 4:25 at RM 10.40. Now look at how much HL bank worth? It's twice the value.

Same goes to Maybank in 2009 (9:20 @ RM 2.74), PBBANK 2014 (1:10 @ RM 13.40), AMBANK 2007 (1:8 @ RM 3.40). After RI, their share prices double n triple.

The earning dilution will be minimal by about 10% after RI. After which the share price will rebound.

The only bank not yet do RI is CIMB.