PETALING JAYA: Earnings for banking stocks are expected will likely remain muted for this year, in light of weak loans growth, lacklustre capital market activities and concerns over asset quality.
UOBKayHian, in a report yesterday, said in spite of a pick-up in business loans growth in July, year-to-date annualised loans growth of 7.2% remained subdued on the back of continued softening in household loans growth.
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