Trading ideas: Maybank, Hong Leong Bank, HLFG, Public Bank, Farm Fresh, Hap Seng, Press Metal, Capital A, PPB, IJM, MYEG and Pecca

TheStar Thu, Feb 29, 2024 08:05am - 2 months View Original


KUALA LUMPUR: Companies in the news include Maybank, Hong Leong Bank, HLFG, Public Bank, Farm Fresh, Hap Seng, Press Metal, Capital A, PPB, IJM, MYEG and Pecca, said Apex Securities Research.

Malayan Banking Bhd (Maybank)’s net profit rose 8.3% year-on-year (y-o-y) for the fourth quarter ended Dec 31, 2023 (4QFY2023) to RM2.39 billion, compared with RM2.21 billion for 4QFY2022.

Hong Leong Bank Bhd (HLB) reported a 4.4% growth in net profit for the second quarter ended Dec 31, 2023 (2QFY2024) to RM1.09 billion.

Hong Leong Financial Group Bhd (HLFG), which owns 64% of HLB, also eked out a 2.5% growth in net profit to RM831.87 million for 2QFY2024, from RM811.5 million a year ago.

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