Affin Hwang Capital Research Highlights
HwangDBS Research Highlights - 4 Sep 2013
Malaysian Banks
Non-interest income a wildcard
2Q13 earnings were lifted by non-interest income (investments and forex gains); loan growth was consumer-led. Non-interest income hinges on capital market prospects and macro outlook. Stock picks: MAY, HLB and RHBC.
Source: HwangDBS Research - 4 Sep 2013
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