RHB Research released its Monthly Stock Watch Publication 2 days ago. It took quite a while to download as the file size was more than 13MB.
The research report is a summary of RHB Research’s views of the Bursa Malaysia stocks they cover. It’s quite an extensive list and I’m sure you’ll find some of your favorite Bursa stocks in there.
This time there is a special focus on the Malaysian banking sector. There is a good analysis on the Corporate and SME Loan exposure for Malaysian banks. Typically those with higher exposure to such clients will fate better with improving economic conditions and not fare as well in downturns.
Click table to enlarge
Notably RHBCAP has the highest corproate loan exposure among the banks.
Generally RHB Research is still bullish on the banking sector in Malaysia. Earnings growth continues to gain momentum while valuation remains decent relative to the market and historic levels. Foreign shareholdings remain relatively low. RHB Research has an Outperform for Affin, Alliance, AMMB, CIMB, Maybank and Public Bank.
Tags: analysis on banking stocks, Bursa Malaysia, bursa malaysia research, malaysian banking sector, malaysian banks, rhb