The research unit has forecast the sector’s net profits to rebound by 27% in 2021 – although this would still be 12% below pre-pandemic levels – after dipping 30% in 2020.
PETALING JAYA: Banks are expected to outperform the market in 2021 as the economy recovers with better availability of Covid-19 vaccines in the second half of 2021, says RHB Research.
The research unit has forecast the sector’s net profits to rebound by 27% in 2021 – although this would still be 12% below pre-pandemic levels – after dipping 30% in 2020.
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