PETALING JAYA: With indicators suggesting continued growth in lending in Malaysia, AmBank Research maintains its “overweight” rating on the banking sector.
Selectively, the brokerage favours RHB Bank Bhd, Public Bank Bhd, Alliance Bank Malaysia Bhd, BIMB Holdings Bhd and Malayan Banking Bhd (Maybank), ascribing “buy” calls for the five local banks, premised on various fundamentals.
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