Bursa Alert
Global Market
NewsHLIB Research maintains Neutral on banks, top picks Maybank and RHB Cap
Page 1 of 1
HLIB Research maintains Neutral on banks, top picks Maybank and RHB Cap
by Cals Mon 03 Aug 2015, 21:49
HLIB Research maintains Neutral on banks, top picks Maybank and RHB Cap
KUALA LUMPUR (Aug 3): Hong Leong IB Research has maintained its “Neutral” rating on the banking sector withMalayan Banking Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) and RHB Capital Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) as its top picks.
In a note today, the research house said loans growth accelerated to 9.1% year-on-year (y-o-y) despite slower business and household expansion.
“LI higher with all positive yoy growth except household approvals. Business approvals on 4 months double-digit growth streak. Approvals rate jumped above 50%.
“Keep 2015 loans growth projection at 8% on higher base. LI in line with expectations of stronger business mitigating expected household slowdown,” it said.
HLIB Research said deposits finally increase month-on-month (after two months of decline) although yoy growth was slower.
It said LD ratio higher with excess liquidity decreased to RM296 billion. Coupled with uninterrupted household deposits increase, liquidity position is still healthy with low risk of disintermediation.
“ALR and spread lower. Average for 2Q lower q-o-q, 2Q reporting season continued margin pressure.
“Asset quality deteriorated slightly but not alarming and near strongest level. Capital ratios higher and remained robust.
“Maintain Neutral and top picks – Maybank and RHB Capital,” it said.
KUALA LUMPUR (Aug 3): Hong Leong IB Research has maintained its “Neutral” rating on the banking sector withMalayan Banking Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) and RHB Capital Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) as its top picks.
In a note today, the research house said loans growth accelerated to 9.1% year-on-year (y-o-y) despite slower business and household expansion.
“LI higher with all positive yoy growth except household approvals. Business approvals on 4 months double-digit growth streak. Approvals rate jumped above 50%.
“Keep 2015 loans growth projection at 8% on higher base. LI in line with expectations of stronger business mitigating expected household slowdown,” it said.
HLIB Research said deposits finally increase month-on-month (after two months of decline) although yoy growth was slower.
It said LD ratio higher with excess liquidity decreased to RM296 billion. Coupled with uninterrupted household deposits increase, liquidity position is still healthy with low risk of disintermediation.
“ALR and spread lower. Average for 2Q lower q-o-q, 2Q reporting season continued margin pressure.
“Asset quality deteriorated slightly but not alarming and near strongest level. Capital ratios higher and remained robust.
“Maintain Neutral and top picks – Maybank and RHB Capital,” it said.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» CIMB Research maintains Neutral on banks, Maybank top pick
» CIMB Research maintains Neutral on banks, Maybank top pick
» HLIB Research maintains “Overweight” on construction, top picks Gamuda, Mitrajaya
» Maybank IB Research maintains Neutral on plantations
» Maybank IB Research maintains Neutral on Utilities sector
» CIMB Research maintains Neutral on banks, Maybank top pick
» HLIB Research maintains “Overweight” on construction, top picks Gamuda, Mitrajaya
» Maybank IB Research maintains Neutral on plantations
» Maybank IB Research maintains Neutral on Utilities sector
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum