Research houses are optimistic on Malayan Banking Bhd’s earnings outlook for financial year 2021 . — Picture by Ahmad ZamzahuriKUALA LUMPUR, May 28 — Research houses are optimistic on Malayan Banking Bhd’s earnings outlook for financial year 2021 , following the banking group’s better-than-expected earnings performance in the first quarter this year .
“The group’s Q1 FY2021 earnings were much better than expectations. It came in at 32.2 per cent and 34.7 per cent of our and consensus’ full-year estimates, respectively,” it said. “Its loans segment grew at a faster pace of 3.1 per cent year-on-year, led by the expansion of consumer loans in Malaysia and Singapore, although loans in Indonesia continued to contract,” it said in a note today.
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