We attended AFG’s analyst briefing yesterday and set out below the key higlights.
Growth areas for FY11... AFG’s strategy remains as a niche player given its small size. The key areas identified to drive growth for FY11 include:
1) fee income - key product opportunities in FX, treasury and wealth management;
2) “koop” loans – management believes this segment is still attractive given a large, under-penetrated market of 1.2m civil servants, attractive pricing and salary deduction mechanism to help ensure strong asset quality; and
3) wealth management – includes bancassurance and asset management.
Alliance Financial Group Berhad : Setting The Tone Ahead - 2/6/2010
No comments:
Post a Comment