3 MY Banking Stocks To Build A Defensive Portfolio

The latest earnings quarter turned out to be a worse than expected for Malaysian stocks. Among the MY stocks that were under DBS’ coverage, 30 percent missed consensus expectations. This was largely driven by underperformance of plantation, utilities, oil & gas and airline companies. Large cap companies have also been guiding for more cautious growth in 2019, leading to a downward earnings revision across KLCI.