Sell all now, make it drop, IBs havent collect enough tickets, they wont push banking. Wait until they are done distributing techs 1st, then only they will come back
If you keep buying, it will take a longer time for them to collect low. Hence, banking price wont move up. Let them collect low 1st.
Nomura’s Tushar expects a V-shaped earnings recovery for banks in FY21, due to the absence of day 1 modification loss, flat to positive margin trends as overnight policy rates stabilise, and lower absolute provisioning required given the front-loading of the bulk of the provisions in FY20.However, our preference remains towards retail banks as we believe based on our stress test that their asset quality faces less downsides from the Covid-19 pandemic, and they are likely to enjoy more tailwinds from the modification-loss unwinding.He added that the recent stress test by the Central Bank also points to the bulk of impaired loan formation in 2021 to come from businesses, along with about 90% of incremental Covid-19-related credit costs. Nomura’s top picks are Public Bank, Hong Leong Bank and RHB Bank.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
GrowingRich
2,632 posts
Posted by GrowingRich > 2021-01-29 22:51 | Report Abuse
Very good