Distribution of company announcements to the professional platforms, finance portals and syndication of important corporate news to a wide variety of news aggregators and financial news systems.
Kuala Lumpur, June 16, 2006 AEST (ABN Newswire) - Mayban Securities has maintained its Neutral stance on Malaysia's banking sector given a sluggish growth momentum as credit appetite weakens.
The broker added there would be a deceleration in the coming months despite growth having improved in April to 8.9 per cent.
Inflationary pressures, higher petrol costs and the recent electricity tariff hike were also not supportive of a strong growth momentum in the banking sector.
"We see downside risk in softening of asset quality and higher risk of provisioning in the intermediate term although we believe that the magnitude would still be within manageable levels," said Mayban.
