Top Calls
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Sector Update � Banking (OVERWEIGHT,
maintain)
- Another month of weak loan growth; 2H16 to pick up May saw another month of subdued loan growth. Business loan growth (4.5% yoy, 1.2% mom) and household loan growth (6.2% yoy, 1.7% mom) continue to moderate. Nonetheless, we believe that the outlook will gradually improve in 2H16 given the sound domestic economy. Maintain OVERWEIGHT, our top sector picks are PBB, CIMB, RHB and AFG.
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Other Calls
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| For important disclosures, please refer to the Disclosure section at the end of the individual linked research reports. |
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