Positive Outlook For Malaysian Banks In 2025 Amid Robust Loan Growth And Strong Dividends
Positive Outlook For Malaysian Banks In 2025 Amid Robust Loan Growth And Strong Dividends
MIDF Amanah Investment Bank (MIDF Research) and Maybank Investment Bank (Maybank IB) are both optimistic about the Malaysian banking sector, maintaining the POSITIVE rating. Both the research houses highlighted the resilience of the Malaysian banking sector experiencing strong loan growth, and outstanding asset quality and dividend yields, despite some short-term challenges.
MIDF Amanah Investment Bank（MIDF研究）和马来亚银行投资银行（马来亚银行投资银行）都对马来西亚银行业持乐观态度，维持积极评级。两家研究机构都强调，尽管面临一些短期挑战，马来西亚银行业表现出强劲的贷款增长、出色的资产质量和股息收益。
The top picks for the banking sector include AMMB Holdings Bhd, CIMB Group Holdings Bhd, and Hong Leong Bank Bhd, reflecting strong prospects for these institutions amid changing banking landscape.
银行业的首选股包括AMMb Holdings Bhd、CIMb Group Holdings Bhd和Hong Leong Bank Bhd，反映了这些机构在不断变化的银行业格局下的强劲前景。
Around 2:40pm Dec 3, the stock of AMMB traded at RM5.31, CIMB stood at RM8.20, and Hong Leong Bank at RM20.46.
12月3日下午2:40左右，AMMb的股价为RM5.31，CIMb为RM8.20，而Hong Leong Bank为RM20.46。
MIDF Research has projected a 5.9% profit growth in 2025, with a stable Return on Equity (ROE) of 10.5%.
MIDF研究预计2025年利润增长5.9％，ROE稳定在10.5％。
The analysts noted that despite challenges such as deposit competition and lending rate pressures, the sector remains poised for steady growth, buoyed by a 6.0% year-on-year increase in loans for October 2024. The positive trend is also reflected in the growth of business loans, up 4.6% year-on-year, particularly in the construction and working capital segments.
分析师指出，尽管面临存款竞争和贷款利率压力等挑战，但该行业仍有稳定增长的机会，在2024年10月贷款同比增长6.0％的推动下，尤其是建筑和 业务贷款增长了4.6％。 营运资本 板块。
Retail loans saw a 7.2% year-on-year increase in October, driven by demand for residential and passenger car loans. MIDF Research also highlighted a significant improvement in asset quality, with the Gross Impaired Loan (GIL) ratio dropping to 1.53%, the lowest since April 2021.
零售贷款在十月份同比增长了7.2%，主要受到对住房和乘用车贷款需求的推动。MIDF研究还强调了资产质量的显着改善，毛逾期贷款（GIL）比率下降至1.53%，为2021年4月以来最低。
Analysts suggest that any profit-taking should be viewed as an opportunity to accumulate, as the sector is backed by solid dividend yields and stable asset quality.
分析师建议将任何获利回吐视为积累机会，因为该板块得到稳定的股息收益率和稳定的资产质量支持。
Despite a slight dip in loan applications, attributed to seasonality, MIDF Research remains confident that the economic outlook will support continued credit growth.
尽管贷款申请略有下降，归因于季节性因素，MIDF研究仍然相信经济前景将支撑持续的信贷增长。
Meanwhile, Maybank IB has projected a solid operating environment for Malaysian banks, predicting also a 5.9% profit growth for 2025.
与此同时，马来亚银行预测马来西亚银行业将迎来一个稳固的经营环境，并预计2025年利润增长也将达到5.9%。
Analysts noted that in the third quarter of 2024, non-interest income (NOII) surged 20%. This robust performance is expected to moderate slightly in 2025.
分析师指出，在2024年第三季度，非利息收入（NOII）激增20%。预计这一强劲表现将在2025年略有放缓。
However, Maybank IB is confident that credit costs will remain manageable, supported by a stable economic backdrop. They anticipate that lending rate pressures will ease, and Net Interest Margin (NIM) will stay stable, aided by a rational level of deposit competition.
然而，马来亚银行相信信贷成本将保持可控，得益于稳定的经济背景。他们预计放贷利率的压力将缓解，净利息收益率（NIM）将保持稳定，得益于合理的存款竞争水平。
According to Maybank IB, domestic loan growth to reach 5.5% in 2025, driven by business loans, while consumer loan demand may soften. Their outlook on the banking sector remains positive, despite risks such as deposit competition and potential slowdowns in credit growth.
根据马来亚银行的说法，2025年国内贷款增长率将达到5.5%，主要受到企业贷款的推动，而消费者贷款需求可能有所下降。尽管存在存款竞争和信贷增长潜在放缓等风险，但他们对银行业的前景仍然持乐观态度。
Market analysts at Maybank IB have also projected a stable ROE of 10.5% for 2025, with an average dividend yield of 5.1%.
马来亚银行的市场分析师还预测2025年ROE稳定在10.5%，平均股息收益率为5.1%。
