July 19, 2011

Hong Leong Bank rated a 'buy' at HSBC

Stock Name: HLBANK
Company Name: HONG LEONG BANK BHD
Research House: HSBCPrice Call: BUYTarget Price: 15.80



Hong Leong Bank Bhd, a Malaysian lender, rose the most in two weeks in Kuala Lumpur trading after HSBC Holdings Plc rated the stock a new "buy" with a RM15.80 share estimate.

Its shares climbed 1.2 per cent to RM13.60 at 9:12 a.m. local time, set for their largest increase since July 5. -- Bloomberg

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