System loans momentum moderating


Kenang Research said loan leading indicators were not favourable as demand for business fell, and households’ demand moderating in October with subdued applications.

PETALING JAYA: Banks’ asset quality will likely be the key swing factor to earnings in the sector in the coming quarters, according to a Kenanga Research report.

The research unit noted that the recent reporting season showed further loans loss provisioning by the banks with earnings visibility still opaque.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Kenanga research , banks , asset quality , loans , earnings ,

   

Next In Business News

Industrial projects look increasingly attractive
Yew Lee expects to return to profitability on wider customer base
Changing office space requirements
Fed dampens hopes for rate cut
F&N to use cost management measures
Caring for an ageing population
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read