<div>This article first appeared in <em>The Edge Financial Daily</em>, on March 8, 2017.<br />
<br />
&nbsp;</div>

<div class=newsTextDataWrapInner><p><strong>Hong Leong Bank Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Hong Leong Bank Bhd (fundamental: 2.2/3, valuation: 2.4/3) triggered our momentum algorithm yesterday for the first time since we started tracking.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The counter closed 14 sen or 1.04% higher at RM13.58 yesterday, with some 6.88 million shares traded. Its 200-day average traded volume is 634,702 shares.</p></div>

<div class=newsTextDataWrapInner><p>Hong Leong Bank’s net profit grew 60% to RM549.94 million in the second quarter ended Dec 31, 2016, from RM344.08 million a year ago, on higher net income, lower operating expenses, lower charge on allowance for impairment losses on loans, advances and financing. Revenue grew 10% to RM1.18 billion from RM1.07 billion.</p></div>

<div class=newsTextDataWrapInner><p>For the accumulated six months ended Dec 31, 2016, net profit climbed 29% to RM1.09 billion from RM847.04 million, as revenue rose 8% to RM2.27 billion from RM2.1 billion.</p></div>

<div class=newsTextDataWrapInner><p>The stock currently trades at a trailing 12-month price-earnings ratio of 13.21 times and 1.3 times its book value. It has a trailing 12-month dividend yield of 3.01%.</p></div>


This article first appeared in The Edge Financial Daily, on March 8, 2017.

 

Hong Leong Bank Bhd (-ve)

SHARES in Hong Leong Bank Bhd (fundamental: 2.2/3, valuation: 2.4/3) triggered our momentum algorithm yesterday for the firs...

Stock With Momentum: Hong Leong Bank

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<p>There was a record 18% rise in homelessness in the US in the last year, driven by factors like unaffordable housing, high inflation, systemic racism, natural disasters and rising immigration, the US Department of Housing and Urban Development said.</p>


<p>The National Wages Consultative Council Act 2011 requires the government to review the minimum wage order at least every two years. With the gazette­ment of the Minimum Wage Order 2024, the Minimum Wage Order 2022 will be revoked.</p>

<p>The 2024 order introduces the revised minimum wage rate ...

<p>Azerbaijani President Ilham Aliyev said on Sunday that a passenger plane that crashed last week, killing 38 people, had been damaged by shooting from the ground in Russia, and he said some in Russia had lied about the cause of the disaster.</p>


<p>Mikheil Kavelashvili, a hardline critic of the West, was sworn in as president of Georgia on Sunday amid a political crisis after the government froze European Union application talks in a move that sparked major protests.</p>


<p>Central banks around the world responded to the inflationary period following COVID-19 by raising interest rates. Now that inflation seems to be largely under control, monetary policymakers must begin preparing for the next crisis by expanding their toolkit.</p>

<p>This is particularly importa...