The banking sector in Malaysia will continue to face subdued earnings growth prospects amid slower lending, higher credit costs and ongoing net interest margin (NIM) compression.
These challenges give Maybank Investment Bank Research the conviction to maintain its “neutral” outlook on the country’s banking sector as a whole.
The research house’s “buy” recommendations were only limited to three financial institutions, namely, BIMB Holdings Bhd, Hong Leong Bank Bhd and Hong Leong Financial Group Bhd.
“We have trimmed our aggregate loan growth forecast (including foreign loans) to 8.6% and 7.6% for 2015 and 2016 from 9.6% and 8.9%, respectively,” Maybank Research said on Thursday.
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These challenges give Maybank Investment Bank Research the conviction to maintain its “neutral” outlook on the country’s banking sector as a whole.
The research house’s “buy” recommendations were only limited to three financial institutions, namely, BIMB Holdings Bhd, Hong Leong Bank Bhd and Hong Leong Financial Group Bhd.
“We have trimmed our aggregate loan growth forecast (including foreign loans) to 8.6% and 7.6% for 2015 and 2016 from 9.6% and 8.9%, respectively,” Maybank Research said on Thursday.
For Free Signals, click here KLSE online OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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