KUALA LUMPUR: CGS-CIMB Equities Research is retaining its overweight on the banks as a pause in overnight policy rate (OPR) cuts supports its positive view of banks’ margins and earnings in 2021F.
It said on Wednesday that the Bank Negara monetary policy committee’s (MPC) decision to keep the OPR at 1.75% was a positive surprise for banks as it had factored in a 25bp cut.
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