All is not gloom for banking sector, says AffinHwang Capital Research
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All is not gloom for banking sector, says AffinHwang Capital Research
All is not gloom for banking sector, says AffinHwang Capital Research
By theedgemarkets.com / theedgemarkets.com | March 8, 2016 : 8:52 AM MYTKUALA LUMPUR (March 8): AffinHwang Capital Research has maintained its “Overweight” rating on the Malaysian banking sector and that it believed that all is not gloom for the sector, which saw net earnings declining by 1.2% in 2014 and 4.3% in 2015, but on a normalised basis, earnings have been holding up well.
In a note today, the research house said this was attributable to the sound and robust banking system.
“Maintain Overweight. Our sector top picks, Public Bank Bhd, Alliance Financial Group Bhd and CIMB Group Holdings Bhd,” it said.
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