Latest news with #HongLeongBank
Yahoo
16 hours ago
- Business
- Yahoo
Hong Leong Asset Management and Hong Leong Bank Launch Hong Leong All Roads Funds in Strategic Partnership with Lombard Odier
KUALA LUMPUR, Malaysia, June 5, 2025 /PRNewswire/ -- Hong Leong Asset Management Bhd ("HLAM"), in collaboration with Hong Leong Bank Berhad ("Hong Leong Bank") is pleased to introduce Hong Leong All Roads Funds — three multi-asset funds designed for Sophisticated Investors seeking a globally diversified portfolio, stability and risk-managed growth—whether they are conservative, balanced, or growth-oriented. The funds leverage the expertise of Lombard Odier, a globally renowned private bank and asset manager, as the strategic alliance partner of Hong Leong Bank and target fund manager. The Hong Leong All Roads Funds are precisely tailored to meet the distinct needs of Sophisticated Investors, accommodating various risk profiles and return objectives. For those prioritising capital preservation and consistent, low-volatility returns, the Hong Leong All Roads Conservative Fund is designed for modest growth. Investors seeking a balance between growth and risk over the medium to long term will find the Hong Leong All Roads Balanced Fund suitable, offering higher return potential with moderate risk. Finally, the Hong Leong All Roads Growth Fund is ideal for Sophisticated Investors who are comfortable with higher risk and volatility, as it aims for aggressive growth and substantial returns. Chue Kwok Yan, Executive Director and Chief Executive Officer of HLAM said, "In today's unpredictable financial landscape, Sophisticated Investors require solutions that offer both flexibility and resilience. The Hong Leong All Roads Funds are designed to meet these needs, where each fund employs a risk-based asset allocation strategy, ensuring dynamic adjustments to diverse market conditions while aligning with investors' financial objectives." Exclusively distributed by Hong Leong Bank, the Hong Leong All Roads Funds are seamlessly integrated into its comprehensive ecosystem, allowing clients to access them through the Bank's digital banking platform HLB Connect, vast network of branches and personalized consultations with Priority Banking Relationship Managers and Private Banking Client Advisors. "As clients become more financially astute and aware that achieving and safeguarding their wealth demands a broader spectrum of financial products, we are dedicated to bringing them top-tier, sophisticated investment solutions and insights. These offerings are designed to equip them with the tools and knowledge to make informed decisions and navigate their financial journey with confidence. The Hong Leong All Roads Funds, born from these strategic partnerships, are a clear embodiment of this dedication, offering the essential solutions and world-class expertise our clients truly deserve," said Kevin Lam, Group Managing Director and Chief Executive Officer at Hong Leong Bank. The Hong Leong All Roads Funds benefit from the advice and expertise of Lombard Odier, an international private banking group with over 225 years of investment and wealth management experience. As a strategic alliance partner of Hong Leong Bank and the target fund manager, Lombard Odier provides bespoke asset management services for the Funds, including institutional-grade investment strategies. Vincent Magnenat, Limited Partner, Asia Group Regional Head and Global Head of Strategic Alliances at Lombard Odier said, "We are pleased to collaborate with HLAM and Hong Leong Bank in relation to the All Roads strategy. As a strategic alliance of Hong Leong Bank, we have a shared vision of offering long-term, sustainable, and forward-looking solutions to local onshore investors. In an uncertain and volatile market environment, the All Roads strategy, which is a reflection of deep investment expertise, will provide investors with a smooth investment journey." Aurèle Storno, Chief Investment Officer Multi Asset at Lombard Odier Investment Managers added, "We believe allocating risk across asset classes is key to seek true diversification and stable risk-adjusted returns. Our shared commitment to disciplined, risk-based investing ensures that these funds offer sustainable, adaptive investment solutions for Malaysian investors." Empowering Investors with Future-Ready Solutions The launch of the Hong Leong All Roads Funds underscores HLAM and Hong Leong Bank's dedication to delivering cutting-edge investment solutions that cater to the evolving financial needs of Malaysian investors. As the Malaysian capital market continues to grow in depth and sophistication, this marks a meaningful step towards empowering more sophisticated investors to participate in long-term wealth creation and a more resilient financial future. To learn more about the Hong Leong All Roads Funds, please visit or contact our Customer Experience at +603 2081 8600. View original content to download multimedia: SOURCE Hong Leong Asset Management Sign in to access your portfolio
New Straits Times
18 hours ago
- Business
- New Straits Times
Hong Leong unveils new multi-asset funds
KUALA LUMPUR: Hong Leong Asset Management Bhd (HLAM), in collaboration with Hong Leong Bank Bhd, has launched Hong Leong All Roads Funds, three multi-asset funds designed for investors seeking a globally diversified portfolio, stability and risk-managed growth. The funds leverage the expertise of Lombard Odier, a globally renowned private bank and asset manager, as the strategic alliance partner of Hong Leong Bank and target fund manager. HLAM executive director and chief executive officer Chue Kwok Yan said in today's unpredictable financial landscape, sophisticated investors require solutions that offer both flexibility and resilience. "The Hong Leong All Roads Funds are designed to meet these needs, where each fund employs a risk-based asset allocation strategy, ensuring dynamic adjustments to diverse market conditions while aligning with investors' financial objectives," Chue said in a statement. According to HLAM, the Hong Leong All Roads Funds are precisely tailored to meet the distinct needs of sophisticated investors, accommodating various risk profiles and return objectives. For those prioritising capital preservation and consistent, low-volatility returns, it said the Hong Leong All Roads Conservative Fund is designed for modest growth. "Investors seeking a balance between growth and risk over the medium to long term will find the Hong Leong All Roads Balanced Fund suitable, offering higher return potential with moderate risk. "Finally, the Hong Leong All Roads Growth Fund is ideal for sophisticated investors who are comfortable with higher risk and volatility, as it aims for aggressive growth and substantial returns," it said. Exclusively distributed by Hong Leong Bank, the Hong Leong All Roads Funds are seamlessly integrated into its comprehensive ecosystem, allowing clients to access them through the bank's digital banking platform, HLB Connect, vast network of branches and personalised consultations with priority banking relationship managers and private banking client advisors. HLAM said the launch of the Hong Leong All Roads Funds underscores Hong Leong Bank's dedication to delivering cutting-edge investment solutions that cater to the evolving financial needs of Malaysian investors. As the Malaysian capital market continues to grow in depth and sophistication, this marks a meaningful step towards empowering more sophisticated investors to participate in long-term wealth creation and a more resilient financial future, it added.
The Star
29-05-2025
- Business
- The Star
Bank counters weigh on FBM KLCI after recent earnings reports
KUALA LUMPUR: The local stock index drifted lower in the early session as investors sold down financial heavyweights following their recent earnings announcements. The FBM KLCI was down 1.29 points to 1,525.60 at the midday break, as the domestic market shrugged off a global rally sparked by a US trade court's decision to block US President Donald Trump's tariffs on trading partners. On the broader market, the number of declining issues piped advancers 430 to 400 after 2.16 billion shares changed hands for RM1.06bil. Hong Leong Bank weighed on the market as traders sold down its shares by 28 sen to RM19.62 on the back of its earnings report yesterday. Sector peer RHB, which also released its earnings yesterday, fell 14 sen to RM6.53. Other laggards included Telekom down 30 sen to RM6.55, Guan Chong sliding 18 sen to RM3.25 and Sunway Construction dropping 12 sen to RM5.83. Key Asian markets maintained a rally on news of a potential reprieve in US tariffs imposed on the rest of the world. Japan's Nikkei rose 1.53% to 38,297 while China's blue-chip CSI 300 gained 0.68% to 3,862 and Shanghai's composite index rallied 0.72% to 3,363. Hong Kong's Hang Seng climbed 0.65% to 23,408.
New Straits Times
29-05-2025
- Business
- New Straits Times
Hong Leong Bank earnings dip on BOCD drag, says Maybank IB
KUALA LUMPUR: Hong Leong Bank Bhd's nine months of financial year 2025 (9MFY25) results came in below expectations largely on account of lower earnings estimates from Bank of Chengdu (BOCD), according to Maybank Investment Bank Bhd (Maybank IB). Hong Leong Bank's third quarter (Q3) FY25 core net profit of RM1.05 billion took 9MFY25 core net profit to RM3.29 billion. Maybank IB said the results were 70 per cent to 72 per cent of the bank's full-year forecast/consensus, mainly on account of lower associate contributions and a higher effective tax rate. "Lower associate contributions stemmed from the reduction in the group's shareholding in BOCD to 17.8 per cent from 19.8 per cent, following the full conversion of the latter's convertible bonds," it said. Taking Hong Leong Bank's latest financial results into consideration, Maybank IB has trimmed its FY25/FY26/FY27 net profit forecasts by 3.4 per cent/6.1 per cent/6.4 per cent respectively, largely to factor in lower earnings from BOCD. Correspondingly, the bank has lowered its target price from RM24.30 to RM22.80, and maintained a Buy on the stock. "Nevertheless, we continue to like Hong Leong Bank for its strong asset quality, liquid balance sheet and management's proactive stance in driving faster domestic growth," it added.
The Star
29-05-2025
- Business
- The Star
Bursa Malaysia stays cautious amid global rally as US court blocks tariffs
KUALA LUMPUR: There was a relative quiet on Malaysia's stock market as investors in global markets celebrated a ruling from a US trade court that stopped US President Donald Trump's tariffs from going into effect. Malaysia's benchmark FBM KLCI rose 2.12 points to 1,525.60 at the opening bell, but subsequently subsided to reflect the uncertain sentiment. As global markets celebrate, there remains an air of caution as it remains to be seen what the latest development in the tariffs saga means. Asian markets and US futures rallied in response to the prospect of an end to the assault on the global trade order even as analysts caution the final word may remain with the Supreme Court, as well as Trump's willingness to abide with the ruling of the judiciary. On Bursa Malaysia, banking heavyweights disappointed with recent earnings results. Hong Leong Bank dropped 20 sen to MR19.70 while its holding company Hong Leong Financial Group shed 12 sen to RM16.58. RHB Bank dropped 15 sen to RM6.52. Telekom Malaysia fell 20 sen to RM6.65. Among the most active counters, Harvest Miracle was flat at 18 sen, Ta Win was unchanged at two sne and Nationgate rose three sen to RM1.61. In early Asian trade, Japan's Nikkei rose 1.52% to 38.297, and South Korea's Kospi gained 1.28% to 2,704. Singapore's Sraits Times, however, dipped 0.2% to 3,904. US futures were buoyant with the S&P mini rising 1.4% and the Nasdaq mini climbing 1.8%. Trading ideas: Samaiden, Pestech, Jati, Paradigm REIT, Bursa, MPI, THB, HLB, TM, Axiata, MISC, Genting Plantations, IOIProp, SimeProp, Kerjaya, AAX, 7-Eleven
