2 Dec 2021 November's interest rates were up modestly MoM. 3Q21 results, banks' NIM decline partially offset by loans growth. GP writebacks across all three banks resulted in higher-than-expected PATMI. Hong Kong's domestic loans growth fell 4.8% YoY in October. Malaysia's domestic loans growth increased 3.34% YoY and rose 0.52% MoM in October. Maintain OVERWEIGHT. […]

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