$HLFG / 1082 (HONG LEONG FINANCIAL GROUP BERHAD)
Research by MAYBANK
Buy (Maintained) – Target Price RM21.70

“1HFY24 results above expectation”

HLFG’s 1HFY24 results were above our expectations due to a better-thanexpected
performance from HL Bank. We maintain our BUY call as well as our SOP-derived TP of MYR21.70


Analyst:
Desmond Ch'ng, BFP, FCA
desmond.chng@maybank-ib.com