Matthew Phan - CreditSights
Last quote by Matthew Phan
We expect sort of a very short and shallow recovery for the banks. We think that with the slowing credit growth, we might start to see the economic slowdown again next year, especially after the Party Congress.feedback
Matthew Phan has most recently been quoted in an article called China be hurting its own banks by forcing them to drop risky assets. Matthew Phan said, “I think there's probably some upward bias to earnings this year. For the big banks at least, I think margins should improve, loan growth is better and provisions should come down.”. Matthew Phan has been quoted a grand total of 4 times in 3 articles.
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Quotes by Matthew Phan
Aug 10 2017
I think there's probably some upward bias to earnings this year. For the big banks at least, I think margins should improve, loan growth is better and provisions should come down.feedback
Aug 10 2017
The property market looks like it could slow, and this will lead the entire economy down, leading to fresh concerns about bank [non-performing loans]. Though I think that's a 2018 question, not a 2017 question.feedback
Apr 03 2017
As far as I can see, the stabilization in profitability is due mainly to the change in business taxes, which lowered operating costs and income taxes, and neatly offset the fall in net interest revenues. But I am not convinced the worst is over. In a recovery, banks should see NPLs fall, not just stabilize… The (central bank) has tightened monetary policy and the property market is now slowing and this is an economic risk in 2017.feedback
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