Telekom Malaysia has announced that it is completely phasing out its copper digital subscriber line (DSL) services on Feb 28 onwards, with plans to upgrade customers on Streamyx (rebranded as Unifi Lite) onto Unifi fibre broadband.
Trading ideas: Malakoff, Focus Point, Compugates, Citaglobal, Awanbiru, Lebtech, DXN, Public Bank, Hong Leong Bank, Lagenda, Scomi Energy, Cypark, Smile-Link, VizionePETALING JAYA: Weaker-than-expected business loan growth, saw the banking industry's loan growth slowing down to 5.5% in December last year, , down from +5.8% in November 2024.
Supporting this is expectation that private investment growth will remain robust and there is continued recovery in tourism. UOBKH Research noted the moderation in the business segment’s growth was primarily due to a slowdown in corporate loans. In contrast, the household segment's growth was supported by sustained demand for mortgage and auto loans.
"The sector is currently trading at one standard deviation above its historical mean price-to-book value of 1.13 times, while its expected sector earnings growth of 7% for 2025 continues to lag the KLCI’s 12% growth. CGS International Research projects 2025 loan growth to come in between 4.5% and 5.5%. Downside risk could come from weaker expansion in auto loans as it projects a decline in auto sales in 2025. In 2025, it expects household loans to expand by between 5.5% and 6% and business loans by around 5%.
It said the low LLP in 4Q24 could have partly arisen from the write-back of management outlay by certain banks.
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