Public Bank is the research house’s top pick among Malaysian banks as it believes the bank is the most defensive against the credit risks arising from the Covid-19 outbreak.
KUALA LUMPUR: CGS-CIMB Equities Research is keeping its GDP forecast of 4.4% for 2021F, which incorporates the three phases of lockdown.
In its strategy report on Monday, it expects the impact from the extension of phase one lockdown to be offset by greater leniency in sectors allowed to operate than our initial assumption and support from the PEMERKASA+ aid package.
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