Will Maybank follow suit to raise its base rates?
KUALA LUMPUR: CIMB Equities Research is upgrading Malaysian banks from Underweight to Overweight due to enticing valuations, better earnings growth in 2016, a subsiding equity capital raising spree, the benefits of cost-cutting, attractive dividend yields, and flush liquidity.
It said on Wednesday RHB Capital remains its top pick for the sector.
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