Valuations of banks remain attractive

CGS-CIMB Research said in a banking report to clients saying that banks generally have been performing well so far this year, with banks in China, South Korea, Singapore and Malaysia clearly standing out in terms of their stock performances versus their respective country index benchmarks.

PETALING JAYA: Malaysian banks are among those in the region whose valuations look “attractive” currently.

CGS-CIMB Research said this in a banking report to clients saying that banks generally have been performing well so far this year, with banks in China, South Korea, Singapore and Malaysia clearly standing out in terms of their stock performances versus their respective country index benchmarks.