Affin Hwang downgraded its rating from
KUALA LUMPUR: Hong Leong Bank Bhd
’s (HLB) core earnings of RM634.7mil were below expectations, said Affin Hwang Capital research.
The research house said the bank had announced a robust 1QFY19 headline net profit of RM706.9mil propped up by a non-recurring divestment gain of RM72.2mil.
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