Positive Outlook Ahead For The Banking Sector, An Attractive Investment For Investors
Positive Outlook Ahead For The Banking Sector, An Attractive Investment For Investors
Business loans, while slightly slower with a growth of 3.6% YoY, still indicated a positive MoM performance of 0.2%. The approval rate for new loans stood at 54%, indicating a healthy appetite for lending despite a seasonal decline in loan applications in September.MIDF Amanah Investment Bank Bhd (MIDF Research) maintained a POSITIVE outlook for the banking industry, highlighting a solid fundamental environment alongside attractive dividend yields. The research house noted that any profit-taking exercises should be an opportunity for investors to accumulate shares in this resilient sector.
馬來亞投資銀行（MIDF研究）對銀行業保持積極態度，強調穩固的基本環境以及具有吸引力的股息收益。研究機構指出，任何利潤回吐行爲都應該是投資者在這個抗壓板塊積累股份的機會。
Banking statistics for September 2024 reveal a positive trajectory in the Malaysian banking sector, marked by stable asset quality and a rebound in customer deposits.
2024年9月的銀行統計數據顯示，馬來西亞銀行業呈現出積極的發展軌跡，資產質量穩定，顧客存款出現回升。
In the latest data, system loans increased by 5.6% year-on-year (YoY) and showed a month-on-month (MoM) growth of 0.4%. Retail loans saw a robust increase of 7.4% YoY, bolstered by strong demand for residential and passenger vehicle financing.
根據最新數據，系統貸款同比增長5.6%，環比增長0.4%。零售貸款同比增長7.4%，得益於對住房和乘用車融資需求旺盛。
Business loans, while slightly slower with a growth of 3.6% YoY, still indicated a positive MoM performance of 0.2%. The approval rate for new loans stood at 54%, indicating a healthy appetite for lending despite a seasonal decline in loan applications in September.
儘管企業貸款同比增長略有放緩，僅爲3.6%，但仍顯示出0.2%的積極月環比表現。新貸款批准率爲54%，表明儘管9月貸款申請季節性下降，但借貸需求依然強勁。
Amid these developments, MIDF Research has reiterated its positive stance on Maybank, maintaining a BUY rating with an unchanged target price (TP) of RM12.11. Maybank is recognised as a key beneficiary of foreign investor interest, attributed to its market-leading position and strong ESG (Environmental, Social, and Governance) scores.
在這些發展背景下，MIDF研究重申對馬來亞銀行的積極立場，維持買入評級，目標價不變，爲12.11令吉。馬來亞銀行被認爲是外國投資者興趣的主要受益者，歸功於其市場領先地位和強勁的ESG得分。
Similarly, Bank Islam Malaysia Bhd has received a BUY recommendation with a TP of RM3.06, benefitting from a large customer base, particularly among civil servants, and capitalising on economic corridor developments.
同樣，馬來亞伊斯蘭銀行有望獲得買入推薦，目標價3.06令吉，受益於龐大的客戶群，特別是公務員群體，並利用經濟走廊發展。
On a broader scale, RHB Investment Bank Bhd (RHB Research) has also retained an OVERWEIGHT rating for the banking sector, identifying top picks that include AMMB Holdings Bhd, Alliance Bank Malaysia Bhd, CIMB Group Holdings Bhd and Hong Leong Bank Bhd.
在更廣泛的範圍內，RHb投資銀行（RHb研究）也爲銀行業保持超重評級，確定的首選股包括AMMb控股有限公司，馬來西亞聯合銀行有限公司，CIMb集團控股有限公司和豐隆銀行有限公司。
Despite a moderation in loans and deposit growth — reported at 5.6% and 3.3% YoY respectively — RHB Research noted that net interest income growth could remain supported by previous deposit repricing efforts. The overall asset quality continues to improve, allowing room for potential overlay reversals that could positively influence bank earnings.
儘管貸款和存款增長減緩，同比分別爲5.6%和3.3%，但RHb研究指出，淨利息收入增長仍能得到以往存款調價努力的支持。整體資產質量持續改善，爲潛在的超額減值逆轉提供了空間，可能積極影響銀行收入。
The September statistics also revealed a slowdown in loan applications and approvals, attributed to seasonal factors. Nevertheless, household loans, which constitute a significant portion of the banking system, are expected to sustain growth through the final quarter of 2024, with an annual increase of 4% in applications recorded year-to-date.
根據9月的統計數據顯示，貸款申請和批准也出現放緩，這歸因於季節性因素。然而，作爲銀行體系的一個重要部分，家庭貸款預計將在2024年最後一個季度保持增長，年初至今貸款申請量增長4%。
The banking sector continues to demonstrate resilience, with a gross impaired loan ratio improving to 1.54%, the lowest level since April 2021. This positive trend in asset quality reflects the stable economic environment and labour market conditions.
銀行業板塊仍然表現出韌性，不良貸款比率下降至1.54%，爲2021年4月以來最低水平。資產質量的這種積極趨勢反映了穩定的經濟環境和勞動力市場條件。
With capital ratios remaining stable and sufficient, the sector is well-positioned to navigate potential challenges, making it an attractive area for investment as the economic landscape evolves.
資本比率保持穩定充足，這使得該板塊有能力應對潛在挑戰，使其成爲一個吸引人的投資領域，隨着經濟形勢的發展，處於有利位置。
譯文內容由第三人軟體翻譯。
