Share Price: RM19.90 | Target Price: RM24.30 | Rating: BUY
FY2025E: NPAT: RM4,357m | EPS: RM2.12 | DPS: RM0.740
FY2025E: NPAT: RM4,357m | EPS: RM2.12 | DPS: RM0.740
HLBank 3Q25 Results Update (RHBIB)
Hong Leong Bank’s 9MFY25 core net profit came in within expectations, but
headline numbers included several exceptional items, namely a reversal of
management overlays and a dilution loss on associate stakes. HLBK remains
a sector Top Pick for its domestic-centric loan portfolio and resilient asset
quality, making for a sound defensive option.
Report Date 29/5/25
Research House: RHB Investment Bank (RHBIB)
Analyst: David Chong, Nabil Thoo
Key Forecasts:
FY2025: Net Profit: RM4,357m | EPS: RM2.12 | DPS: RM0.74
FY2026: Net Profit: RM4,632m | EPS: RM2.26 | DPS: RM0.85
Target Price reduced from RM19.90 to RM24.30. EPS Forecast for FY2025 were slightly reduced while FY2026 EPS and DPS tweaked upwards.
Research House: RHB Investment Bank (RHBIB)
Analyst: David Chong, Nabil Thoo
Key Forecasts:
FY2025: Net Profit: RM4,357m | EPS: RM2.12 | DPS: RM0.74
FY2026: Net Profit: RM4,632m | EPS: RM2.26 | DPS: RM0.85
Target Price reduced from RM19.90 to RM24.30. EPS Forecast for FY2025 were slightly reduced while FY2026 EPS and DPS tweaked upwards.