Investors likely to look ahead on signs of recovery

Rakuten Trade Sdn Bhd head of equity sales Vincent Lau (pic) said that banking stocks remain a reopening play and are on track for recovery in 2021.

PETALING JAYA: With the reopening of more economic sectors, earnings of listed companies are expected to recover notwithstanding the short-term impact on bank earnings as the government seeks interest rate exemptions for the bottom 50% in the fourth quarter.

Analysts believe that investors are likely to look ahead on signs of recovery as the government rolls back on movement restrictions.