♦ Investors’ focus likely turning to 2011. 3QCY10 was, in our view,
generally a good quarter for the banking sector in terms of news flow. In
a nutshell, system-wide leading indicators remained positive despite three
Overnight Policy Rate (OPR) hikes by BNM thus far this year, the
reporting season generally surprised on the upside while the capital
requirements set for Basel III were not as onerous as feared.
Banking Sector Update : Looking Forward To Another Good Year - 24/09/2010
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