首页 社会内容详情
dự đoán xsmb(www.vng.app):Banks to ride on sustained loan demand

dự đoán xsmb(www.vng.app):Banks to ride on sustained loan demand

分类:社会

网址:

SEO查询: 爱站网 站长工具

点击直达

足球免费贴士www.hgbbs.vip)是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的足球心水网。

PETALING JAYA: As global recessionary concerns continue to impact market sentiment, it could open up opportunities for investors to pick up banking stocks, whose valuations are still relatively inexpensive, says Kenanga Research.

The research firm, which has an overweight call on the sector, believes local banks will continue to ride on sustained demand for loans.

“Recent performance of the second quarter (2Q) gross domestic product (GDP) and August exports are highly supportive of growth prospects and demand for business loans,” it said in report.

“While this may taper down in 2023, we anticipate a continuing overnight policy rate (OPR) up-cycle (two additional 25 basis point or bps hikes to 3% by the first quarter of 2023 (1Q23) to cushion banking net interest margins (NIMs).”

Approaching 4Q22, Kenanga anticipates one last 25 bps OPR hike in November.

However it does not anticipate Bank Negara to be as aggressive as the US Federal Reserve following another 75 bps increase to the Fed Funds Rate (3.00% to 3.25%) in its September meeting as local inflation concerns are not as severe as abroad.

“While we do see gradual recovery in the supply chain and boosts to our overall economic output, developments in the Russia-Ukraine war could further press macro conditions, but we do not believe it would have as strong an impact as it did during the early days in February 2022,” said Kenanga Research.

,

dự đoán xsmb(www.vng.app):dự đoán xsmb(www.vng.app) cổng Chơi tài xỉu uy tín nhất việt nam。dự đoán xsmb(www.vng.app)game tài Xỉu dự đoán xsmb online công bằng nhất,dự đoán xsmb(www.vng.app)cổng game không thể dự đoán can thiệp,mở thưởng bằng blockchain ,đảm bảo kết quả công bằng.

,

It now expects 2022 industry loans growth to be between 5.5% and 6%, higher from its initial projections of 5% to 5.5% growth.

“July 2022 reported a 5.9% year-on-year system loans growth, which warranted us to upgrade our initial 2022 expectations.

“The recently reported 2Q GDP growth of 8.9% further cements our view that our local economy is regaining its health and should translate to a higher demand for loans going forward.

“Albeit, there should be some easing in 4Q22 as production bottlenecks ease but all this would justify our in-house 2022 GDP forecast of 5.7%,” added Kenanga Research.

It anticipates its newly revised GDP growth expectation of 6.7% to be met by a significant return in the small and medium enterprise (SME) sector which was the most affected during the movement control orders.

“Banking corporates also share similar sentiment with key loans growth strategies aimed at enabling SMEs to expand. Service sectors such as hospitality, retail and tourism are likely to be at the forefront,” it said.

While industry gross impaired loan (GIL) ratios did see an uptick during the recent 2Q reporting season, Kenanga Research does not believe this would transpire to higher levels as this was a normalisation of rates post-repayment assistance.

“Certain banks have notably been able to bring their GIL to more respectable levels and are expected to maintain similar asset quality as we do not anticipate further on-boarding of higher-risked assets,” it added.

,

皇冠管理端登3网址皇冠管理端登3网址(www.99cx.vip)实时更新发布最新最快最有效的皇冠管理端登3网址、皇冠管理端登3手机网址,包括新2登3手机网址,新2登3备用网址,皇冠登3最新网址,新2足球登3网址,新2网址大全。

 当前暂无评论,快来抢沙发吧~

发布评论