Banking stocks set to be range-bound: JPMorgan
Delay in Fed rate hike, slowing loan growth seen impacting Singapore lenders
Singapore
A ROLL-BACK in expectations of a hike in rates by the US Federal Reserve, slowing loan growth and a potential lift in asset deterioration could give some pause to investors looking at the Singapore banking sector, a JPMorgan report suggested.
"We expect negative revisions and range-bound share prices in the next three to six months," said analyst Harsh Wardhan Modi in the report dated April 12.
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