PETALING JAYA: CGS-CIMB has lowered its 2021 loan growth forecast for Malaysia’s banking sector to 2-3% from 4-5%, to match the downward revision in i.
Berjaya Food Bhd rose as much as 14 sen or 9.27% to RM1.65 after its earnings beat expectations. At 10am, the counter, which is on the top gainers list this morning, pared some gains at RM1.62, still up 11 sen or 7.28%. At RM1.62, the group was valued at RM535 million.
PETALING JAYA: Loan growth for the domestic banking industry is projected at 4-5% this year, with a faster pace of increase in household and non-house.
17 Dec 2020 / 11:00 H. Pedestrians walking past an electronic board displaying share prices on the Tokyo Stock Exchange in Tokyo yesterday. AmResearch says the outlook for global equity markets is positive in 2021. – REUTERSPIX
PETALING JAYA:
It is probably safe to say that 2020 has been considered a write-off for months now, with investors pinning hopes on a fresh start in 2021, buoyed in particular by the good news on the development of Covid-19 vaccines and susbsequent rollouts. However, are the projections of the scale of economic rebound too optimistic?
To start with the glass half full, AmInvestment Bank Research (AmResearch) is of the view that the recovery-focused investment theme that took off in early November will extend well into the coming year.