UBS on Banks
Raise price targets and expect select SOE banks to outperform
Easing liquidity conditions and regulatory stance reduce headwinds
Current valuations, in our view, do not capture the improving growth outlook as pressure on funding requirements and liability franchises eases
Raise price targets and expect select SOE banks to outperform
Easing liquidity conditions and regulatory stance reduce headwinds
Current valuations, in our view, do not capture the improving growth outlook as pressure on funding requirements and liability franchises eases
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