Household Loans Take Lead In Banking Sector Growth
Household Loans Take Lead In Banking Sector Growth
The sector's loan-to-deposit ratio reached a record high of 91.6%, reflecting strong lending activity. Nevertheless, deposit growth lagged slightly behind, with a 4.8% increase year-on-year. This slower deposit growth has led analysts to adjust their expectations for deposit growth, projecting a range of 5.0% to 6.0% for the year.In July 2024, Malaysia's banking sector exhibited strong performance, with loan growth maintaining a healthy pace at 6.4% year-on-year. This growth was driven primarily by a robust demand for household and business loans. Despite a slight month-on-month contraction in business loans due to seasonal repayments, overall loan activity remained impressive.
2024年7月，馬來西亞銀行業表現強勁，貸款同比增長6.4％。這種增長主要是由對家庭和商業貸款的強勁需求推動的。儘管由於季節性還款，商業貸款同比略有收縮，但整體貸款活動仍然令人印象深刻。
Analysts maintain a positive outlook on the sector, emphasising that the strong fundamentals and attractive dividend yields support a favourable investment stance. An analyst highlights that while loan growth is solid, driven by various economic initiatives and government projects, there is a cautious note regarding potential near-term profit-taking and maintains a POSITIVE call, suggesting that although current conditions are strong, investors should be wary of short-term profit-taking activities.
分析師對該行業保持樂觀的前景，強調強勁的基本面和誘人的股息收益率支持了有利的投資立場。一位分析師強調，儘管在各種經濟舉措和政府項目的推動下，貸款增長穩健，但對潛在的短期獲利回吐持謹慎態度，並維持積極看漲態度，這表明儘管當前狀況強勁，但投資者應警惕短期獲利回吐活動。
Another analyst also retains an OVERWEIGHT rating for the banking sector. The impressive 6.4% annual loan growth aligns with the firm's expectations, though Chua anticipates a slight slowdown in growth moving forward. The analyst has downgraded CIMB and ABMB to "Market Perform" due to their recent performance meeting fair value expectations but continues to endorse RHBBANK, PBBANK, and HLBANK as top picks. The rationale includes the banks' strategic positioning and expected improvements in dividend payouts and economic conditions.
另一位分析師也維持對銀行業的增持評級。儘管蔡預計未來增長將略有放緩，但令人印象深刻的6.4％年貸款增長符合該公司的預期。該分析師已將聯昌銀行和ABMB的評級下調至 「市場表現」，因爲它們最近的表現符合公允價值預期，但繼續支持RBBank、PBBank和HLBank作爲首選。理由包括銀行的戰略定位以及股息支付和經濟狀況的預期改善。
The sector's loan-to-deposit ratio reached a record high of 91.6%, reflecting strong lending activity. Nevertheless, deposit growth lagged slightly behind, with a 4.8% increase year-on-year. This slower deposit growth has led analysts to adjust their expectations for deposit growth, projecting a range of 5.0% to 6.0% for the year.
該行業的貸款存款比率達到91.6％的歷史新高，反映了強勁的貸款活動。儘管如此，存款增長略有落後，同比增長4.8％。存款增長放緩導致分析師調整了對存款增長的預期，預計今年的存款增長幅度爲5.0％至6.0％。
The July data also reveals a decline in the average lending rate (ALR) for the second consecutive month, which may be attributed to heightened competition in the residential mortgage and SME segments. However, certain corporate segments, such as data centres and construction, continue to attract significant interest and remain lucrative for banks.
7月份的數據還顯示，平均貸款利率（ALR）連續第二個月下降，這可能歸因於住宅抵押貸款和中小企業領域的競爭加劇。但是，某些企業領域，例如數據中心和建築業，繼續吸引着濃厚的興趣，對銀行來說仍然有利可圖。
Gross impaired loans (GIL) have improved marginally, with the ratio dipping to 1.58% as of end-July. This indicates a stable asset quality across the sector. Analysts view the increase in loan loss coverage as a buffer against potential risks, though the industry remains confident in its ability to manage credit quality effectively.
減值貸款總額（GIL）略有改善，截至7月底，該比率降至1.58％。這表明整個行業的資產質量穩定。分析師認爲，貸款損失承保範圍的增加可以緩衝潛在風險，儘管該行業對其有效管理信貸質量的能力仍然充滿信心。
Source: MIDF, Kenanga, CGS
Title: Highest Monthly Applications Ever, Households Back to Lead, A mom contraction in GIL in Jul 24
資料來源：MIDF、Kenanga、CGS
標題：有史以來最高的月度申請量，家庭恢復領先地位，7月24日GIL環比下降
譯文內容由第三人軟體翻譯。