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KLCI Slides as Profit-Taking Hits Blue Chips, Ringgit Holds Firm

Malaysia’s benchmark index retreated as  profit-taking in key heavyweights  weighed on sentiment, while overall market activity remained active. Summary FBM KLCI fell 0.83% to 1,684.93 , dragged by losses in banking and selected large-cap names, despite steady trading participation. Market Performance FBM KLCI :  1,684.93 (-0.83%) FBM Mid 70:  -0.00% (flat) FBM Small Cap:  -0.23% FBM ACE:  +0.20% Broad market was mixed , with weakness concentrated in large caps. Market Breadth & Trading Activity Total volume:  3.54 billion shares Total value:  RM4.19 billion Gainers:  456 Losers:  678 Unchanged:  550 Market breadth turned negative , reflecting cautious sentiment. Top Movers – KLCI Gainers Axiata (6888.MY)   +1.54% Petronas Gas (6033.MY)   +1.18% Sunway (5211.MY)   +1.15% Losers Hong Leong Bank (5819.MY)   -3.29% Maybank (1155.MY)   -3.02% CIMB (1023.MY)   -2.47% Banking sector weakness was the main ...
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Hong Leong Bank Profit Jumps 9% as Interest Income Holds Firm


Hong Leong Bank Bhd posted stronger quarterly earnings, supported by steady interest income and lower taxes, showing resilience in a stable lending environment.

Summary

Hong Leong Bank’s 3QFY2026 net profit rose nearly 9% to RM1.03 billion, driven mainly by lower taxation and improved net interest income, despite weaker non-interest income.

Key Highlights

  • Net profit +9% YoY to RM1.03 billion
  • Net interest income +5%
  • Non-interest income -9%
  • Net interest margin stable at 1.83%
  • Gross loans +8.4%
  • Gross impaired loans low at 0.6%
  • No interim dividend declared

What’s Driving Performance

  • Stronger lending activity supported income growth
  • Lower tax expenses boosted bottom line
  • Stable net interest margin (NIM) reflects disciplined pricing

Key driver: Core banking income remains solid despite softer fee-based income

Strategy & Outlook

Management focus:

  • Branch transformation
  • Strategic partnerships
  • AI and digital banking expansion

FY2026 targets:

  • ROE: 11.5% – 12% (currently ~11%)
  • Loan growth: 6% – 7%
  • NIM: 1.80% – 1.90%

Investor Takeaway

  • Earnings stability remains intact with strong asset quality
  • Loan growth momentum healthy
  • Slight miss on ROE target worth monitoring
  • Watch for:
    • Fee income recovery
    • Digital/AI execution impact

Bottom line: Solid quarter driven by core banking strength, but upside depends on improving non-interest income and hitting ROE targets.

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