Hong Leong Bank Bhd
(HLB) is expected to deliver improved underlying profits in financial year (FY) 2005 and coupled with lower loan loss provisions, net profits are expected to rebound to RM598.8mil from RM382mil recorded in the financial year to June 2004.
Macquarie Securities (Singapore) in its research notes said a key factor to watch would be the stabilisation of the company’s hire purchase portfolio, which was expected to take place next year.
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