0344 GMT - Malaysian banks are poised to benefit from Johor state's economic expansion policies, with loan growth in the state outpacing the national average last year, TA Securities analyst Li Hsia Wong says in a note. Increased business activity is driving demand for corporate financing, M&A advisory and capital market transactions, while fee-based income from trade finance and treasury services is also expected to rise, she adds. Banks with a strong presence in Johor and Singapore, such as Maybank, CIMB, Hong Leong Bank and RHB Bank, are well-positioned to capitalize on cross-border financial services, she says. TA Securities maintains an overweight rating on the Malaysian banking sector, pegging Malayan Banking, CIMB Group and Public Bank as its top recommendations. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
February 09, 2025 22:44 ET (03:44 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。