Steady But Don't Expect Outsized Capital Gains
Samuel Woo, Equity Research Analyst, MIDF
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The banking sector has been a steady performer. It was also an indirect beneficiary of Budget 2023 with incentives given for SMEs and the B40 group. While it will continue to benefit from more OPR hikes by BNM, a potential headwind is the eventual normalisation of OPR rates possibly in mid-2023. For more insights on this, we speak to Samuel Woo, Equity Analyst at MIDF.
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Produced by: Chong Tjen San
Presented by: Shazana Mokhtar, Wong Shou Ning, Chong Tjen San
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