Financial Industry 07 (Jul 18 - Dec 25)

[winston]

Malaysia Banking 5.3% loan growth in May

A pick-up in business loans growth Industry loans expanded 5.3% YoY in May from 5.1% YoY in April.

There was a slight pick-up in business loans growth, which is encouraging, though household (HH) loans growth continued to moderate.

We maintain our 2025 industry loan growth forecast of 5.0%.

We remain NEUTRAL on the banking sector, with BUYs on PBK, AMMB, HLBK and HLFG, in that order of preference.

Source: Maybank

https://mkefactsettd.maybank-ke.com/PDFS/467666.pdf