Hong Leong Targets Strong ESG, Financial Gains In FY25
Hong Leong Targets Strong ESG, Financial Gains In FY25
For the upcoming fiscal year, HLB's management targets several financial benchmarks. These include a loan growth range of 6%-7%, a net interest margin of 1.85%-1.95%, a cost-to-income ratio of 41% and a gross impaired loan ratio under 0.65%. The bank also aims to sustain a return on equity (ROE) of around 12%. Maybank IB's forecast aligns closely with these targets, predicting a 5.5% loan growth and maintaining an ROE projection of 11.7% for HLB in FY25.Hong Leong Bank Bhd (HLB) continues to stand out for its commitment to Environmental, Social and Governance (ESG) practices, maintaining a strong position in Maybank Investment Bank Bhd's (Maybank IB) ESG rankings.
豐隆銀行有限公司（HLB）繼續因其對環境、社會和治理（ESG）實踐的承諾而脫穎而出，在馬來亞銀行投資銀行有限公司（Maybank IB）的ESG排名中保持強勢地位。
Maybank IB reaffirmed its BUY call on HLB, with a target price (TP) of RM24.30. Despite a slight dip in HLB's ESG score from 76 to 71, it remains one of the highest among Malaysian banks in Maybank IB's coverage. The marginal decline in the score is attributed to a rise in Scope 3 emissions, coupled with increased water and fuel consumption reported for the financial year 2024 (FY24).
馬來亞銀行重申了對HLb的買入看漲期權，目標價（TP）爲24.30令吉。儘管HLB的ESG評分從76分略有下降至71分，但它仍然是馬來亞銀行IB報道中馬來西亞銀行中最高的銀行之一。分數略有下降歸因於範圍3排放量的增加，以及2024財年（24財年）報告的水和燃料消耗量增加。
Maybank IB's analysis highlights HLB's transparent and comprehensive ESG disclosures, which remain a key feature of its operational practices. The bank recently set a baseline for financed emissions in its auto and mortgage portfolios, reporting 1.02 million and 0.65 million tonnes of CO2 emissions, respectively. This initiative aligns with HLB's broader plan to expand financed emission calculations across other asset classes, contributing to a more holistic understanding of the bank's carbon footprint.
Maybank IB的分析強調了HLB透明而全面的ESG披露，這仍然是其運營實踐的關鍵特徵。該銀行最近爲其汽車和抵押貸款組合的融資排放設定了基準，分別報告了102萬噸和65萬噸的二氧化碳排放量。該計劃與HLB的更廣泛計劃一致，該計劃旨在將融資排放計算擴展到其他資產類別，從而有助於更全面地了解該銀行的碳足跡。
For the upcoming fiscal year, HLB's management targets several financial benchmarks. These include a loan growth range of 6%-7%, a net interest margin of 1.85%-1.95%, a cost-to-income ratio of 41% and a gross impaired loan ratio under 0.65%. The bank also aims to sustain a return on equity (ROE) of around 12%. Maybank IB's forecast aligns closely with these targets, predicting a 5.5% loan growth and maintaining an ROE projection of 11.7% for HLB in FY25.
在即將到來的財年中，HLB的管理層將目標設定爲多個財務基準。其中包括6％-7％的貸款增長區間，1.85％-1.95％的淨利率，41％的成本收入比率以及低於0.65％的總減值貸款比率。該銀行還旨在將股本回報率（ROE）維持在12％左右。Maybank IB的預測與這些目標非常吻合，預測25財年HLb的貸款將增長5.5％，並維持HLb的11.7％的投資回報率預測。
The bank's share price currently stands at RM21.30, with a 12-month TP of RM24.30, reflecting a potential upside of 16%. HLB is recognised for its retail banking services and holds a significant presence in China through an 18% stake in the Bank of Chengdu, further diversifying its portfolio.
該銀行的股價目前爲21.30令吉，12個月目標價爲24.30令吉，反映了16％的潛在上漲空間。HlB因其零售銀行服務而獲得認可，並通過持有成都銀行18％的股份，在中國佔有重要地位，進一步分散了其投資組合。
As HLB continues to refine its sustainability framework and expand its ESG initiatives, it remains well-positioned within the industry.
隨着HLb繼續完善其可持續發展框架和擴大其ESG計劃，它在行業中仍然處於有利地位。
譯文內容由第三人軟體翻譯。
