PETALING JAYA: With the vaccination programme gaining wider deployment, a recovery year is expected to for the banking sector, according to RHB Research.
Some research houses have an “overweight” call on the sector due to a more positive outlook of the economy,
RHB Research, which is maintaining its “overweight” stance, said: “January loans growth was off to a good start and we expect 2021 loans growth to be better at 4% year-on-year (y-o-y) (2020: +3.4% y-o-y) on economic recovery as the vaccines gain wider deployment.” Recently, Hong Leong Investment Bank Research and Kenanga Research echoed an “overweight” call on the sector.
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