PETALING JAYA: Although Hong Leong Bank Bhd's (HLB) earnings for the financial year ended June 30 (FY11) missed consensus estimates by 8% due to expenses incurred in its merger with EON Bank Group, analysts are upbeat that the new merged entity will benefit in the long run.
HLB shares opened at RM12.28 yesterday, down 0.65% or 8 sen from the previous close, and ended the day at RM12.32. It traded at between RM12.06 and RM12.38.
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