Stock Name: HLBANK
Company Name: HONG LEONG BANK BHD
Company Name: HONG LEONG BANK BHD
| Research House: CIMB | Price Call: SELL | Target Price: 11.00 |
Target RM11.00
Hong Leong Bank's proposed sale of MIMB Investment Bank is not a surprise given the bank's wish to focus purely on commercial and Islamic banking. As MIMB is expected to be sold at its book value, the deal will be neutral for the group.
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