Bursa Malaysia Stock Watch
HLBANK - RHB upgrades Hong Leong Bank
kltrader
Publish date: Fri, 20 Aug 2010, 02:27 PM
kltrader
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Stock Name: HLBANK
Company Name: HONG LEONG BANK BHD
Research House: RHB
Hong Leong Bank Bhd, a Malaysian lender, had its stock rating upgraded to "outperform" from "market perform" at RHB Research Institute Sdn Bhd after raising its financial year 2011-2012 profit forecasts by 11 per cent to 14.8 per cent.
The stock's fair value was increased to RM10.70 from RM9.20, RHB said in a report today. -- Bloomberg
Company Name: HONG LEONG BANK BHD
Research House: RHB
Hong Leong Bank Bhd, a Malaysian lender, had its stock rating upgraded to "outperform" from "market perform" at RHB Research Institute Sdn Bhd after raising its financial year 2011-2012 profit forecasts by 11 per cent to 14.8 per cent.
The stock's fair value was increased to RM10.70 from RM9.20, RHB said in a report today. -- Bloomberg
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