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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
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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: R...
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Analysts See Asset Resilience of Bank of Chengdu Benefiting Hong Leong Bank

Analysts predict that the asset quality of Bank of Chengdu, in which Hong Leong Bank Bhd holds a 19.76% stake, will remain robust due to its strict risk management policies and proactive measures. Key Takeaways: Strong Risk Management Practices : According to CIMB, Bank of Chengdu has adopted a conservative risk culture, performing thorough assessments of location, developer reputation, project viability, and management integrity before financing property projects. The bank closely monitors early warning signals like construction progress, sales progress, budget overruns, and fund usage by developers to mitigate potential risks. Proactive Measures Against Property Slowdown : The bank's precautionary measures allowed it to reduce exposure to problematic property loans and exit risky loans before China's property market slowdown. This conservative approach is expected to benefit Hong Leong Bank by minimizing potential asset quality concerns. Continued Optimism and Buy Recommendat...
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