Cautious stance on banks' earnings outlook

  • 6 years ago
CIMB Research has maintained its ‘underweight’ recommendation for the banking sector due to sliding yields, GST competition for deposits and slowing residential mortgages.

The Kuala Lumpur Financial Index fell by 7.4 per cent in 2014, underperforming the KLCI by 1.8 per cent which reflected the negative outlook for banks.

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