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Latest Reports
Date	Description	Country	Analyst	Download

04-Nov-2019	• We maintain OVERWEIGHT for the U.S. Banking Sector. Valuations continue to be cheap. • Modest NII growth and broad-based NIM pressure for banks amid rate cuts. Net revenue was up 1.9% YoY. Pause in rate hikes to benefit banks. • Loans growth was 2.4% YoY, boosted by consumer (3.8% YoY) and mortgage loans (39% YoY). • Lower funding cost and higher deposit growth for banks to partially offset the rate cuts. • Asset quality remain healthy despite an uptick in net charge-offs at a low base.	US	Edmund Xue
21-Feb-2017	Aflac Inc – Buy Trade – Position Open	US	Ho Kang Wei & Jeremy Ng