Malaysia Banking – 4.7% YoY loan growth in Feb | POSITIVE |
Industry loan growth was stable YoY at 4.7% but more positive is the fact that loan applications have now risen for the 5th consecutive month, while working capital loan demand remains robust, up 31% YoY. 4.9% industry loan growth forecast maintained for 2022 (4.5% in 2021). POSITIVE still, with BUYs on HLBK, AMMB, RHB, ABMB, HLFG and BIMB. |