CIMB analysis comes a slower loan growth of circa fifth in 2019, with the expected retardation coming back from the commercial loan segments.
In a note Jan one, its analyst Winson metric weight unit same the projection is “in read of the unfavourable operative surroundings amid the policy changes in Asian nation, including the trade tensions between the U.S.A. and China, still because the weak loan applications or approvals”.
Looking back at 2018, metric weight unit same each loan applications and approvals declined in November 2018 by twenty four.3% year-on-year (y-o-y) and six.7% y-o-y severally.
“It was even a lot of dispiriting that the applications/approval of all 3 major loan segments, i.e. residential mortgages, assets loans and car loans, shrunk y-o-y in November 2018. this might purpose to a weakening trend in loan growth in early-2019,” he added.
CIMB analysis maintains a “neutral” appeal Malaysian banks and designated RHB Bank Bhd as its high choose for the arena.
At 9.58am today, RHB Bank shares were up zero.19% or one fractional monetary unit to RM5.30. Hong Leong Bank Bhd rose zero.1% or two fractional monetary unit to RM20.42.
Meanwhile, Malayan Banking Bhd’s share worth born zero.42% or four fractional monetary unit to RM9.46. AMMB Holdings Bhd fell one.38% or six fractional monetary unit to RM4.28. Public Bank Bhd shares were down zero.32% or eight fractional monetary unit to RM24.68, and CIMB cluster Holdings Bhd swaybacked zero.17% or one fractional monetary unit to RM5.70.
