Hong Leong Finance ("HLF") released a set of extremely disappointing 1st half 2023 results that was far below my expectation and a far cry from its stellar 2nd half 2022 results. While HLF posted a 3.2 per cent rise in net profit to S$46.6 million for the first half ended 30 June 2023 relative to 30 June 2022, I was expecting the profits to increase by at least 50%. The miserly management have also reduced the interim dividends to 3.5 cents per share relative to previous year 3.75 cents despite the better profit numbers. I have sold off all 10,000 shares in HLF that I have accumulated in different tranches from Feb 2023 to July 2023 and realized a paltry annualised profit of 9.98%. Think it will be more worthwhile to invest in the 3 local banks or other SREITs rather than HLF. Will probably re-deploy the capital if the market presents a good entry opportunity....