Affin Hwang Capital Research Highlights

HwangDBS Research Highlights - 5 Mar 2014

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Publish date: Wed, 05 Mar 2014, 09:47 AM
kltrader
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This blog publishes research highlights from Affin Hwang Capital Research.

Malaysian Banks
Resilience is key

Softer 2014 outlook on expectations of weaker consumer demand; lower ROE targets on flat loan growth and as NIM remain compressed. Business loans could provide silver lining for growth based on improving applications trend. 4Q13 results were driven by flat NIM and subdued non-interest income; loans grew 3% q-o-q. BUY resilient domestic banks (top pick PBK). 

Source: HwangDBS Research - 5 Mar 2014

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