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）和馬來亞銀行投資銀行（馬來亞銀行投資銀行）都對馬來西亞銀行業持樂觀態度，維持積極評級。兩家研究機構都強調，儘管面臨一些短期挑戰，馬來西亞銀行業表現出強勁的貸款增長、出色的資產質量和股息收益。
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.
銀行業的首選股包括AMMb Holdings Bhd、CIMb Group Holdings Bhd和Hong Leong Bank Bhd，反映了這些機構在不斷變化的銀行業格局下的強勁前景。
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的股價爲RM5.31，CIMb爲RM8.20，而Hong Leong Bank爲RM20.46。
MIDF Research has projected a 5.9% profit growth in 2025, with a stable Return on Equity (ROE) of 10.5%.
MIDF研究預計2025年利潤增長5.9％，ROE穩定在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.
分析師指出，儘管面臨存款競爭和貸款利率壓力等挑戰，但該行業仍有穩定增長的機會，在2024年10月貸款同比增長6.0％的推動下，尤其是建築和 業務貸款增長了4.6％。 營運資本 板塊。
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.
零售貸款在十月份同比增長了7.2%，主要受到對住房和乘用車貸款需求的推動。MIDF研究還強調了資產質量的顯着改善，毛逾期貸款（GIL）比率下降至1.53%，爲2021年4月以來最低。
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.
分析師建議將任何獲利回吐視爲積累機會，因爲該板塊得到穩定的股息收益率和穩定的資產質量支持。
Despite a slight dip in loan applications, attributed to seasonality, MIDF Research remains confident that the economic outlook will support continued credit growth.
儘管貸款申請略有下降，歸因於季節性因素，MIDF研究仍然相信經濟前景將支撐持續的信貸增長。
Meanwhile, Maybank IB has projected a solid operating environment for Malaysian banks, predicting also a 5.9% profit growth for 2025.
與此同時，馬來亞銀行預測馬來西亞銀行業將迎來一個穩固的經營環境，並預計2025年利潤增長也將達到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.
分析師指出，在2024年第三季度，非利息收入（NOII）激增20%。預計這一強勁表現將在2025年略有放緩。
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，馬來亞銀行相信信貸成本將保持可控，得益於穩定的經濟背景。他們預計放貸利率的壓力將緩解，淨利息收益率（NIM）將保持穩定，得益於合理的存款競爭水平。
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.
根據馬來亞銀行的說法，2025年國內貸款增長率將達到5.5%，主要受到企業貸款的推動，而消費者貸款需求可能有所下降。儘管存在存款競爭和信貸增長潛在放緩等風險，但他們對銀行業的前景仍然持樂觀態度。
Market analysts at Maybank IB have also projected a stable ROE of 10.5% for 2025, with an average dividend yield of 5.1%.
馬來亞銀行的市場分析師還預測2025年ROE穩定在10.5%，平均股息收益率爲5.1%。
