Improved risk-reward profile for banking stocks

TheStar Tue, Mar 21, 2023 12:00am - 2 months View Original

PETALING JAYA: Concerns over the possible contagion effects from the Silicon Valley Bank (SVB) fallout have seen investors selling banking shares in many markets, including Malaysia.

Following the recent sell-off, research firms such as Hong Leong Investment Bank (HLIB) Research are now turning bullish on local banks again.

“In our view, the market has broadly baked in negative headwinds into forward expectations, which thus, reduce the odds of downside surprises and tip the sector’s risk-to-reward profile to be more favourable,” HLIB Research said in a report yesterday.


Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.

Related Stocks

ABMB 3.330
AMBANK 3.600
BIMB 1.740
PBBANK 3.810


Login to comment.