Stock Name: MAYBANK
Company Name: MALAYAN BANKING BHD
Stock Name: PBBANK
Company Name: PUBLIC BANK BHD
Stock Name: RHBCAP
Company Name: RHB CAPITAL BHD
Stock Name: CIMB
Company Name: CIMB GROUP HOLDINGS BERHAD
Stock Name: AMBANK
Company Name: AMMB HOLDINGS BHD
Stock Name: BIMB
Company Name: BIMB HOLDINGS BHD
KUALA LUMPUR: Kenanga Research has maintained its "overweight" call on the banking sector, as it believes the local banking group will do well in the current conducive banking system with their strong balance sheets and improving earnings.
"We are seeing more evidence that the 'Responsible Lending Guidelines' by Bank Negara Malaysia is already bringing some changes to the banking industry arena," the research firm said in a note.
It expects the softer trading conditions at present to persist in the short term, and, if markets do recover, Maybank and CIMB should see the biggest recovery in their non-interest income earnings in the industry.
Kenanga Research has 'outperform' calls on Maybank with a target price (TP) of RM10.40, PBBANK (TP:RM15.60), RHBCAP (TP:RM8.30), CIMB (TP:RM8.20), AMMB (TP:RM7.40), AFFIN (TP:RM4.40) and BIMB (TP:3.60).
AFG(TP:RM4.00) and HLBANK (TP:RM15.20) are rated as 'neutral'. -- BERNAMA
Company Name: MALAYAN BANKING BHD
| Research House: KENANGA | Price Call: BUY | Target Price: 10.40 |
Stock Name: PBBANK
Company Name: PUBLIC BANK BHD
| Research House: KENANGA | Price Call: BUY | Target Price: 15.60 |
Stock Name: RHBCAP
Company Name: RHB CAPITAL BHD
| Research House: KENANGA | Price Call: BUY | Target Price: 8.30 |
Stock Name: CIMB
Company Name: CIMB GROUP HOLDINGS BERHAD
| Research House: KENANGA | Price Call: BUY | Target Price: 8.20 |
Stock Name: AMBANK
Company Name: AMMB HOLDINGS BHD
| Research House: KENANGA | Price Call: BUY | Target Price: 7.40 |
Stock Name: BIMB
Company Name: BIMB HOLDINGS BHD
| Research House: KENANGA | Price Call: BUY | Target Price: 3.60 |
KUALA LUMPUR: Kenanga Research has maintained its "overweight" call on the banking sector, as it believes the local banking group will do well in the current conducive banking system with their strong balance sheets and improving earnings.
"We are seeing more evidence that the 'Responsible Lending Guidelines' by Bank Negara Malaysia is already bringing some changes to the banking industry arena," the research firm said in a note.
It expects the softer trading conditions at present to persist in the short term, and, if markets do recover, Maybank and CIMB should see the biggest recovery in their non-interest income earnings in the industry.
Kenanga Research has 'outperform' calls on Maybank with a target price (TP) of RM10.40, PBBANK (TP:RM15.60), RHBCAP (TP:RM8.30), CIMB (TP:RM8.20), AMMB (TP:RM7.40), AFFIN (TP:RM4.40) and BIMB (TP:3.60).
AFG(TP:RM4.00) and HLBANK (TP:RM15.20) are rated as 'neutral'. -- BERNAMA
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