Banking on lenders and tech
PETALING JAYA: With cautious optimism being the theme for Malaysia, market observers have made predictions on sectors to look out for this year.
Source: thestar.com.my
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New lockdown casts shadow on banking prospects
MALAYSIA’s reimposition of a Movement Control Order (MCO) last week casts a shadow on the banking sector’s prospects, with some wondering if it will derail an anticipated strong recovery in the lenders’ earnings this year. Analysts say it is too soon to tell as it will ultimately depend on how long the so-called MCO 2.0 goes on for. It is widely expected that the two-week MCO, imposed on six states from Jan 14, will be extended given the high number of new Covid-19 cases in the country. Six other states are under a Conditional MCO and two under a Recovery MCO.
Source: theedgemarkets.com