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.
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