Latest BLR Rate Is So Low, Yet Hard To Get Loan??

Posted by Kris | Sunday, January 23, 2011 | | 0 comments »

Park Shin Hye - A mixture of seriousness and cuteness

I been hearing hearsay from friends that it is more harder to get housing loans. Seems to me they (aka the banks) are beginning to be very selective in giving out loans. I am not sure how true this hearsay is. Time for me to ask around my networks that works in the banking industry and also real estate industry.

This also could mean that in the near quarter or so, our local banks earnings might not be so explosive compared to last year hence the banking stocks might not be moving so fast up anymore. (will effect our KLCI uptrend speed, since our KLCI is weighted heavily towards big banks like Maybank, CIMB and Public Bank)  Banks are usually the first to crap in a financial meltdown, but is also the first to rise up from the dead. Similar to the US market and Bolehland is also applicable to this pattern. 

If so, the not so SURPRISING/encouraging earning report by US banks this Q1 2011, may be a tell tale sign that rapid growth is slowing down.