Sector Update
- Heading into 4QCY10, we believe investor’s focus would now shift to 2011 for the banking sector.
- Loan applications have remained healthy notwithstanding three OPR hikes thus far. We expect consumer spending to remain resilient next year on the back of high savings and rising consumerism and this would help support household loans. Fund raising activities by corporates could also pick up next year as key projects under the 10MP get implemented.
RHB Equity 360° - 24 September 2010 (Banks, SP Setia; Technical: Berjaya Corp)
No comments:
Post a Comment