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KUALA LUMPUR: CGC-CIMB Equities Research upgrades Malaysian banks from Neutral to Overweight as it expects net profit growth to recover in 2021F to 14.7% (vs. -18.7% in 2020F).
FROM Dr Rais Hussin is the chairman of Malaysia Digital Economy Corporation (MDEC)
KUALA LUMPUR: Bank Negara Malaysia's decision to retain the overnight policy rate (OPR) at 1.75% during its monetary policy committee (MPC) meeting on Thursday is positive for banks, CGS-CIMB Equities Research says.
PETALING JAYA: Banks are not likely to suffer a further hammering in earnings with Bank Negara expected to maintain its current key benchmark interest rate at 1.75% at its Monetary Policy Committee (MPC) meeting tomorrow.
JAKARTA, Sept. 8 (Xinhua): The consumer confidence index in Indonesia ticked up in August after the appearance of signals that the economy would pick up.
KUALA LUMPUR: Maybank Investment Bank Research projects banks' net profit to rebound 12% after contracting 20% in 2020 while it stays neutral on the sector and prefers mid-cap stocks for exposure.