Malaysian Banks
Tighter rules on consumer loans

Maximum tenure of 35 years for property loans and 10 years for personal loans; pre-approved personal loans prohibited. Negative for NBFIs; expect possible slowdown in bigger ticket loans. Our top picks are MAY, HLB and RHBC.

Traders Spectrum – From the Chartroom

The FBM KLCI was treading in a tight 11.5-point range last week before closing at 1,772.27 last Friday, close to where it was (at 1,773.54) a fortnight ago. And after three weeks of market turbulence, our Malaysian bourse appears to be standing on a more stable footing now. As buying interest picks up, a slow-and-steady recovery from a recent market bottom may be on the cards. This could set the stage for the FBM KLCI to overcome the first resistance threshold of 1,785 before advancing towards the psychological barrier of 1,800 gradually.

Source: HwangDBS Research - 8 Jul 2013