RHB Research retains overweight on banks, Maybank, CIMB and AmBank as top picks

RHB Research is maintaining its overweight recommendation on the banking sector.

KUALA LUMPUR: RHB Research is maintaining its overweight recommendation on the banking sector and its top picks are Malayan Banking, CIMB and AmBank.

In its research note on Friday, it said August loans shrank as the lockdown impact continued to unfold, but it is seeing early signs of improvement.