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US rate hike pause priced into banking stocks, says CGS-CIMB

PC Lee
PC Lee3/11/2019 04:02 PM GMT+08  • 3 min read
US rate hike pause priced into banking stocks, says CGS-CIMB
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.
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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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