Maybank IB Research noted that BOCD’s fundamentals remained strong.
PETALING JAYA: Hong Leong Bank Bhd
’s (HLB) investment in China’s Bank of Chengdu (BOCD) has proven profitable, and the bank may eventually sell down its current 19.8% stake in the latter.
Positively, this is supplemented by a push to drive higher earnings from its domestic operations, said Maybank Investment Bank (Maybank IB) Research.
