Stock Name: HLBANK
Company Name: HONG LEONG BANK BHD
Research House: HWANGDBS
Company Name: HONG LEONG BANK BHD
Research House: HWANGDBS
Hong Leong Bank Bhd’s takeover of EON Capital Bhd could result in potential merger synergies of RM400 million over the next three years, HwangDBS Vickers Research Sdn Bhd analysts Hon Seow Mee and Lim Sue Lin wrote in a report today.
They maintained their “buy” call on Hong Leong with a share estimate of RM15, according to the report.
Hong Leong Bank gained 2.3 per cent to RM11.46 at 9:46 a.m.
Hong Leong Financial Group Bhd, its parent, also rose to a record, climbing 2.8 per cent to RM11.08. -- Bloomberg
They maintained their “buy” call on Hong Leong with a share estimate of RM15, according to the report.
Hong Leong Bank gained 2.3 per cent to RM11.46 at 9:46 a.m.
Hong Leong Financial Group Bhd, its parent, also rose to a record, climbing 2.8 per cent to RM11.08. -- Bloomberg
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