0131 GMT - Malaysia's banking sector could achieve 6.4% loan growth in 2025, driven by resilient consumer demand, supportive policies and a strong labor market, TA Securities analyst Li Hsia Wong says in a note. Net interest income is projected to grow 5.3% in 2025 and 5.1% in 2026, supported by stable net interest margins and Bank Negara Malaysia maintaining its policy rate at 3.0%, she says. Non-interest income could rise 9.1% in 2025, boosted by higher demand for bancassurance, wealth management products and capital market activity, she adds. Wong reckons the sector remains an attractive investment, with price-to-book valuation of 1.06X for 2025 and return on equity of 10.2%. TA Securities maintains an overweight rating on Malaysia's banking sector, pegging Public Bank, CIMB Group and Malayan Banking as top picks. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
December 25, 2024 20:31 ET (01:31 GMT)
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