Bank-ing on loan growth figures

PETALING JAYA: Despite acknowledging that the path forward for the third and final quarters of the year could see challenges to earnings, analysts are maintaining a cautiously hopeful outlook on the banking industry, underpinned by a number of factors.

Securities firm MIDF Research, although maintaining a “buy” call on banks, said in a note published yesterday that valuations are no longer as attractive following the recent share repricing of the sector.