In a note today, the research house said it believes the benefits would only be fully felt from 2018 onwards. “Asset quality, which is a concern, continues to stabilise in Indonesia but remains under pressure in Thailand. “As a result, it expects the credit cost to moderate but at a very gradual pace. “Income growth, in our view, remains soft – given the weak asset growth across the region. Maintain Neutral and a RM4.90 target price (1% upside),” it said.

Source: The Edge Markets October 20, 2016 00:11 UTC