SINGAPORE (Mar 11): CGS-CIMB Research says current bank valuations have priced in downside risks of a pause in US Federal Reserve rate hikes on sector earnings.
Absence of asset quality pressure should also prevent de-rating.
“Maintain ‘Overweight,” says analyst Andrea Choong in a Friday report with DBS Group Holdings, United Overseas Bank and Oversea-Chinese Banking Corp in order of preference.
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