Kenanga Research preferred sector picks were RHB Bank Bhd and Alliance Bank Malaysia Bhd (ABMB). It ascribed “overweight” ratings for both stocks, with target prices of RM5.15 for RHB and RM2.30 for ABMB.
PETALING JAYA: Despite sustained loan growth thus far, the local banking sector continues to face subdued prospects for the remainder of 2020.
On that note, analysts have broadly maintained their “neutral” stance on the sector, citing the persistent risks, particularly arising from the economic fallout of the coronavirus (Covid-19) pandemic.
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