Although its topline was impacted by Covid-19 pandemic control measures, RHB Research said the momentum is recovering on the rise in loan drawdowns while operating leverage continues to improve.
PETALING JAYA: Hong Leong Bank Bhd
(HLB) had a strong start for the first quarter of financial year 2022 (FY22) with its net profit of RM858.25mil mainly meeting or beating analysts’ expectations.
Analysts continue to like the bank, with most of them having a “buy” or “add” call on it, noting that its asset quality remains strong with the second-lowest gross impaired loan ratio of 0.48% as at end-September 2021.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
