KUALA LUMPUR (Jan 14): AffinHwang Capital Research has maintained its “Neutral” raring on the banking sector and said it still advised investors to return to fundamentals, whether the CIMB Group Holdings Bhd-RHB Capital Bhd-Malaysia Building Society Bhd merger was on or off.
“We would take profits on CIMB and RHB Capital should their re-ratings continue, but we think the opportunity should be short-lived,” it said in a note Wednesday.
“We still like MBSB, despite the negative reaction to the share price. Maintain sector Neutral,” it said.