PETALING JAYA: With 2016 not being a strong growth year for the banking sector, the jury is still out on what is in store for the sector this year.
Amid the sea of “neutral” ratings, one research house is particularly bullish on the sector: CIMB Research, rating the sector as “overweight”, as it deems that some Malaysian banks are trading at attractive valuations. CIMB Research also expects banks to see a recovery in net profit growth from 0.3% in 2016 to 11.2% in 2017.
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