Banks to stay rangebound pending trade clarity

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PETALING JAYA: Banks' share prices are expected to continue trading rangebound over the next few months, pending further clarity on the global trade situation, says CIMB Research.

It said its target prices (TPs) have factored in softer loan growth expectations, a single rate cut, and a preliminary credit cost estimate of 37 bps.

The research house has maintained its “neutral” sector rating, while retaining “buy” calls on Alliance Bank Malaysia Bhd with a TP of RM4.80, Public Bank Bhd (TP: RM5.10) and RHB Bank Bhd (TP: RM7.50), respectively.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: /Business/Business News Relief Banking CIMB Finance Loan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-15 @ 00:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 590 words

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Sentences: 16 lines

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News ID: 27889123

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