Asean banks' asset quality risks still high, green shoots muted: Maybank KE
Singapore
MAYBANK Kim Eng (MKE) has downgraded its sector outlook on Asean banks to negative as their asset quality risks remain high while operational recovery may stay muted.
"As moratoriums begin to unwind, starting from Q3 in Malaysia, we expect additional asset quality pressures to surface," the research team wrote in a report on Friday night.
TRENDING NOW
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan