In the absence of mergers and acquisitions (M&As) activities, the Malaysian banking sector appears to have lost its lustre while Thai and Indonesian banks are hogging analysts’ headlines.
“Thai and Indonesian banks are more attractive from the perspective of investment recovery and overall macro growth, respectively,” said Lim Sue Lin, senior banking analyst at HwangDBS Vickers Research. As for Malaysian banks, she noted that apart from the lack of M&As that had fuelled interest lately, there was not much upside to earnings growth………………………………………Full Article: Source