Higher profit seen for banks in Q2

Among the Malaysian companies, according to the list, were Malayan Banking Bhd (ranked 390th), Tenaga Nasional Bhd (490), Public Bank Bhd (632), CIMB Group Holdings Bhd (671)

PETALING JAYA: The profitability of banks is expected to be stronger in the second quarter of this year due to lower credit cost following an improved first quarter ended March 31.

Affin Hwang Capital Research said earnings of banks within its universe came in mostly within expectations in the banking sector’s recently concluded first quarter calender year 2017 (1QCY17) financial results.