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Bank Negara Malaysia’s (BNM) move last Friday to tighten consumer lending will be negative for loan growth but the impact will not be significant, CIMB said, as it urged investors to hold on to their holdings in banks.
JF Apex Research expects Malaysian Resources Corportation Bhd (MRCB), Eastern & Oriental Bhd and the banks – Public Bank, Hong Leong Bank and AMMB – to see trading interest on Thursday.
Banks including Public Bank and Hong Leong Bank and telcos came under some selling pressure on Tuesday, dragging the FBM KLCI down 14 points at the midday break.
This Mid-Autumn Festival, the new Snow Skin Musang King Durian mooncake will certainly entice durian lovers to the Ming Palace Chinese Restaurant.