Hong Leong Finance

Hong Leong Finance: 3Q14 profit dropped 28.1% y/y to $14.3m despite 4.1% y/y increase in interest income and hiring charges, as net interest margin slipped 0.014ppt to 0.665%. Fee and commission income plunged 41.5% y/y to $3.3m and operating costs grew 13.8% y/y. BVPS down 0.03 cents to 3.69 cents.