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Strong earnings likely for banking sector in 2H

The Star Business LogoThe Star Business1 mo ago

Strong earnings likely for banking sector in 2H

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PETALING JAYA: The fall of the financial index (KFIN) since early June is set to present a good buying opportunity for the local banking sector.

It also likes Affin Bank Bhd (TP: RM2.35) for its strong financial metrics and potential offer of a special dividend, following the sale of its stakes in asset management and insurance businesses.

The research house likes RHB Bank Bhd for its strong capitalisation with its high CET1 ratio and attractive price tag.


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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: /Business/Business News Corporate News Profit Loans Banks Earnings Debts CGS-CIMB CGS-Cimb Banking

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 07:00:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 3 minutes read

Article Length: 517 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 23949

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 34 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 14h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

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