任九:Loan demand to buoy Malaysia banking sector

admin 2个月前 (12-06) 社会 5 0

任九www.ad0808.com)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。任九上任九分析专家数据更新最快。任九开放皇冠官方会员注册、皇冠官方代理开户等业务。

Maybank is among the top picks for Kenanga Research. It cites the bank’s high dividend yield of around 7% to 8% and market leader position in terms of loans and deposits for its choice.

PETALING JAYA: With loan demand in Malaysia expected to remain healthy over the medium term, banks could be in for further gains in the coming months.

This optimism stems from the continued recovery of the country’s economy, which is expected to drive loan growth, particularly in business lending.

In addition, with interest rates rising, banks are also expected to post solid growth in deposits, which is the main source of funding for their operations.

In its monthly highlights for October 2022, Bank Negara revealed that total loan growth stood at a robust 6.5% year-on-year (y-o-y), or 0.5% month-on-month (m-o-m), driven by both the household and business sectors amid a better economic landscape.

Total deposits, on the other, grew 6.9% y-o-y, or 0.4% m-o-m, for the month. The industry’s loan-to-deposit ratio remained relatively stable at 85.9%.

According to Kenanga Research, healthy domestic economic prospects will keep loan demand strong. “More inflows are expected from businesses mainly on greater working capital needs, as household demand for debt could wane on higher borrowing costs,” the brokerage wrote in its report yesterday.

“There are concerns arising from recessionary risks that could put a drag on asset quality as certain accounts are already showing signs of delinquency.

,

免费足球推介www.ad168.vip)是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的足球心水网。

,

“Additionally, unforeseen shifts in global macros may stress overall business activities. With that in mind, we continue to make our picks selectively, skewing to names that have defensive angles and firm market positioning,” it added.

Kenanga Research maintained an “overweight” call on the sector.

“With the overnight policy rate (OPR) having seen four 25-basis-point (bps) hikes to 2.75%, we believe the banking sector will once again be in a highly competitive cycle as banks strive to optimise their funding yields,” it said.

It anticipated one more 25bps hike in OPR in the first quarter of 2023.

Kenanga Research expected total deposits to expand by 6.5% to 7% in 2022, as interest in higher-yielding products could come in the remaining months, riding on more rewarding rates.

Its top sector picks favouring banks with optimal loans (high small and medium enterprises (SMEs) and low fixed-rate financing) and deposit books (high current-account-savings-account or CASA ratio) with added merits.

These include CIMB Group Holdings Bhd, Malayan Banking Bhd (Maybank) and Alliance Bank Malaysia Bhd (ABMB), with target prices set at RM6.40, RM10.40 and RM4.20, respectively.

,

tiến lên miền nam(www.84vng.com):tiến lên miền nam(www.84vng.com) cổng Chơi tài xỉu uy tín nhất việt nam。tiến lên miền nam(www.84vng.com)game tài Xỉu tiến lên miền nam online công bằng nhất,tiến lên miền nam(www.84vng.com)cổng game không thể dự đoán can thiệp,mở thưởng bằng blockchain ,đảm bảo kết quả công bằng.

Allbet欧博官网声明:该文看法仅代表作者自己,与本平台无关。转载请注明:任九:Loan demand to buoy Malaysia banking sector

网友评论

  • (*)

最新评论

站点信息

  • 文章总数:9555
  • 页面总数:0
  • 分类总数:8
  • 标签总数:4531
  • 评论总数:6971
  • 浏览总数:722917