Hong Leong Bank Poised for Healthy Earnings Growth -- Market Talk

Dow Jones

2024/11/29

0631 GMT - Hong Leong Bank is poised for another year of healthy earnings growth, with the lender on track to meet all its fiscal 2025 targets, says TA Securities. The bank's 1Q return on equity was 11.8%, within its full-year guidance of around 12%, analyst Li Hsia Wong writes in a note. For fiscal 2025, the management's guidance includes an improved net interest margin of 1.85% to 1.95%, she says. Its NIM expanded by 8 bps on year to 1.92% in 1Q, she notes. TA Securities maintains a buy rating on the stock with a target price of MYR23.90. Shares are last at MYR20.78. (amanda.lee@wsj.com)

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November 29, 2024 01:31 ET (06:31 GMT)

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The bank's 1Q return on equity was 11.8%, within its full-year guidance of around 12%, analyst Li Hsia Wong writes in a note. For fiscal 2025, the management's guidance includes an improved net interest margin of 1.85% to 1.95%, she says. Its NIM expanded by 8 bps on year to 1.92% in 1Q, she notes. TA Securities maintains a buy rating on the stock with a target price of MYR23.90. Shares are last at MYR20.78. 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The bank's 1Q return on equity was 11.8%, within its full-year guidance of around 12%, analyst Li Hsia Wong writes in a note. For fiscal 2025, the management's guidance includes an improved net interest margin of 1.85% to 1.95%, she says. Its NIM expanded by 8 bps on year to 1.92% in 1Q, she notes. TA Securities maintains a buy rating on the stock with a target price of MYR23.90. Shares are last at MYR20.78. (amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 29, 2024 01:31 ET (06:31 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6512","symbol_name":"房地产股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2487258839","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2487258839","pubTimestamp":1732861860,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0631 GMT - Hong Leong Bank is poised for another year of healthy earnings growth, with the lender on track to meet all its fiscal 2025 targets, says TA Securities. 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The bank's 1Q return on equity was 11.8%, within its full-year guidance of around 12%, analyst Li Hsia Wong writes in a note. For fiscal 2025, the management's guidance includes an improved net interest margin of 1.85% to 1.95%, she says. Its NIM expanded by 8 bps on year to 1.92% in 1Q, she notes. TA Securities maintains a buy rating on the stock with a target price of MYR23.90. Shares are last at MYR20.78. (amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 29, 2024 01:31 ET (06:31 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}