According to some analysts, a lot of bad news for the sector has already been priced in, as evidenced by the general decline in the prices of banking stocks on Bursa Malaysia.
Hong Leong Investment Bank Research said, “We see opportunity to buy banks on weakness in the wake of the recent market slump, given the irrational fear-driven selling.While HLIB Research acknowledged that leading indicators had continued to show a downtrend, it was confident that such weaknesses were well expected.
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