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Interest rate cut: Winners and losers
PETALING JAYA: While Bank Negara’s decision to cut the Overnight Policy Rate (OPR) by 25bps to 2.75% was widely unexpected by analysts, the general reaction to the move was that the impact – on most sectors – would be minimal.PETALING JAYA: While Bank Negara’s decision to cut the Overnight Policy Rate (OPR) by 25bps to 2.75% was widely unexpected by analysts, the general reaction to the move was that the impact – on most sectors – would be minimal.
OPR cut negative for banks, CGS-CIMB Research says
KUALA LUMPUR: The cut in the Overnight Policy Rate (OPR) by 25 basis points to 2.75% would be negative for banks’ net interest margins and net profit, CGS-CIMB Equities Research says.
Bursa ends 1st day of 2020 above key 1,600 level
PETALING JAYA: Bursa Malaysia ended the first trading day of 2020 on Thursday with the FBM KLCI above the key 1,600 level, underpinned by fund buying of bank stocks and IHH Healthcare Bhd.
CGS-CIMB Research keeps AMMB, Public Bank, RHB on add list
KUALA LUMPUR: CGS-CIMB Equities Research is keeping AMMB Holdings Bhd, Public Bank Bhd and RHB Bank Bhd on its “add” list for 2020.
CGS-CIMB Research keeps AMMB, Public Bank, RHB on Add list
KUALA LUMPUR: CGS-CIMB Equities Research is keeping AMMB Holdings, Public Bank and RHB Bank on its Add list for 2020.
Banking sector to remain challenging in 2020
PETALING JAYA: The banking sector is expected to remain challenging in 2020 with the uncertainties in earnings, due to the lingering external headwinds.
AMMB CEO upbeat on economic prospects
AMMPETALING JAYA: AMMB Holdings Bhd group CEO Datuk Sulaiman Mohd Tahir is upbeat on the country’s economic prospects next year amid the lingering external headwinds and US-China trade dispute
All eyes on e-money providers
PETALING JAYA: Electronic-money (e-money) providers are most likely to be the front runners to receive the digital banking licence from Bank Negara, said MIDF Research.
KLCI extends gains on brightening 2020 outlook
KUALA LUMPUR: The FBM KLCI extended its gains from the previous session to suggest a potential rally into the year-end.
AMMB expects improved policy certainties, better clarity for new decade
KUALA LUMPUR: AMMB Holdings Bhd expects the banking sector to continue to see improved policy certainties and better clarity which will enable it to ride through the challenges in the new decade.