Maybank Kim Eng Research foresees a stable operating environment for the banking sector but still a challenging one into 2020, where it forecast faster operating profit and net profit growth of 4.8% and 4.7%, compared with 3.2% and 1.1%, respectively, in 2019.
PETALING JAYA: The banking sector is expected to remain challenging in 2020 with the uncertainties in earnings, due to the lingering external headwinds.
Businesses are still in a cautious mode while sentiment in the consumer segment are still weak, on the back of volatilities in the market from a lacklustre 2019.
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