Banking earnings proven the industry undervalued

Maybank record earnings. RHB record earnings are example of loan is still growing. With the current price traded in the market. Banks are no doubt still under valued. Fair market PEs is always at 13 to 15 times. Therefore, any banks trading below 10 times is definitely a good investable security.

A perfect recovery may be in place for KLCI

Dow recovered from quarter low and now world market also heading towards potential interest cut. If crash is not an option then reducing interest worldwide will start pie another round of bull run. I think that’s very likely.

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