AmInvest Research said the banking group’s business and corporate banking (BCB) division has already embedded ESG into its credit/lending practices.
KUALA LUMPUR: AmInvestment Research is maintaining its buy on Hong Leong Bank (HLBB) with a revised fair value (FV) to RM20.90/share (previously RM20.30 a share).
In a research note issued on Thursday, it said the higher FV was to reflect a 3% premium to its share price following the upgrade in its ESG rating to four stars from three.
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