Hong Leong expects slower GDP growth for 1Q23
KUALA LUMPUR: Hong Leong Investment Bank Bhd (HLIB) expects the first quarter 2023 (1Q23) gross domestic product (GDP) to record slower growth of 5.2 per cent year-on-year (y-o-y) compared with 7.0 per cent y-o-y in 4Q22, weighed down by moderations of growth across all sectors. On the demand side, the investment bank said private consumption […]
Research houses mixed on TM’s earnings forecast
KUALA LUMPUR: Research houses have recalibrated Telekom Malaysia Bhd’s (TM) earnings projections amid their mixed views on its financial year 2023 and 2024 (FY2023-FY2024) performance. Hong Leong Investment Bank (HLIB) has lifted TM’s FY2023-FY2024 earnings forecasts by 6.0 per cent and five per cent respectively and reiterated a ‘Buy’ call on the counter with a […]
Triple win for Hong Leong Assurance
KUCHING: Hong Leong Assurance (HLA) bagged the Domestic Life Insurer of the Year – Malaysia award for the sixth consecutive time, and is now a four-time Best Life Insurance Company – Malaysia winner. It also became the inaugural winner of the Best Health Insurance – Malaysia award. The first is at the Asian Banking and […]
