Brazil Banks – Reiterating Banco Do Brasil Buy
Re-iterating our buy on Banco do Brasil; latest poll for the presidential run-off places Bolsonaro in the lead, and press reports indicate that the...
91 Views
Brazil Banks – Upgrading Banco Do Brasil to Buy
Banco do Brasil’s valuations are very attractive and a Bolsonaro win would be a positive catalyst for its further re-rating. Targeting a 2026E PBV...
96 Views
Malaysian Banks; Narrowing Down Our Buy to Only RHB Bank, Lifting Sell on Maybank
We stick with RHB Bank only as our buy in Malaysian banks, for its value attributes; we downgrade CIMB and PB Bank to neutral from buy ratings, and...
123 Views
Japanese Mid-Cap Banks – Taking Profits on Iyogin and Nishi-Nippon; Hachijuni Is Our Buy
Tightening the mid-cap banks' equity holdings perimeter and a tactical shift to take profits, leads us to downgrade Iyogin and Nishi-Nippon; our...
95 Views
Japanese Big Cap Banks – Still Overall Bullish, but Taking Profits on Yokohama Financial
Resona's well geared to rising rates and we expect improving returns, Kyoto has high equity holdings relative to its market cap; we keep Resona,...
98 Views