Hong Leong Financial Group; Buy; RM14.98
Price Target: RM18.80; HLFG MK
Privatisation in play
Initiate coverage with BUY rating and RM18.80 SOP-derived TP. Share price could fetch 30-40% premium based on previous privatisation bids for entities within the Hong Leong Group. Potential privatisation could create excitement in and re-rate HLFG; we believe HLB will remain listed as it is the key operating entity driving group profits and valuation.
Source: HwangDBS Research - 7 Jun 2013
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Created by kltrader | Jan 03, 2023
Created by kltrader | Sep 30, 2022