4 January 2018, Thursday, 12.15am Singapore Time
(Click on Relativity Chart above to Expand)
Attached above is the Technicals of the Past Half-Year Trending Relativity of the top 3 banks in Malaysia and the top 4 banks in the US in terms of market capitalisation. The SPDR Financial Select Sector Index is used as the bench-marking process. The litmus result yields the finest breed horse from among the best of the best among some of the strongest sectors internationally (financial sector).
Unfortunately, Malaysian banks fell below the benchmark when it came to short-mid term performances for the look-ahead to 2018. With business momentum and trend as the best friends, the top 2 banks in this comparison turn out to be Bank of America and JP Morgan. CIMB Bank came in the weakest, followed by Public Bank and Maybank. Hence to have an outperforming portfolio, it may be more prudent to overweight on US Banks for investors in Malaysia even though Malaysian banks and US banks are on uptrend.
Unfortunately, Malaysian banks fell below the benchmark when it came to short-mid term performances for the look-ahead to 2018. With business momentum and trend as the best friends, the top 2 banks in this comparison turn out to be Bank of America and JP Morgan. CIMB Bank came in the weakest, followed by Public Bank and Maybank. Hence to have an outperforming portfolio, it may be more prudent to overweight on US Banks for investors in Malaysia even though Malaysian banks and US banks are on uptrend.
DNA Technical Rating:
Continue to be Bullish on Malaysian Banks and Very Bullish on US Banks
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