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Shock Malaysia election win for Mahathir poses low risks for Singapore banks, says RHB

Stanislaus Jude Chan
Stanislaus Jude Chan5/17/2018 12:50 PM GMT+08  • 3 min read
Shock Malaysia election win for Mahathir poses low risks for Singapore banks, says RHB
SINGAPORE (May 17): RHB Research has brushed aside fears that the shock victory at the Malaysian elections by an opposition coalition led by Mahathir Mohamad could pose a risk to Singapore banks.
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SINGAPORE (May 17): RHB Research has brushed aside fears that the shock victory at the Malaysian elections by an opposition coalition led by Mahathir Mohamad could pose a risk to Singapore banks.

“Some investors see the recent 14th General Election (GE14) in Malaysia contributing to more market volatility, although the equity market has been relatively stable after the elections,” says analyst Leng Seng Choon in a report on Wednesday. “We believe the risks to Singapore banks are low.”

According to the brokerage, Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB) have close to 12% of their loans exposed to Malaysia, while DBS Group Holdings has negligible loans exposure to the country.

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