|
| |
Overview
Financial Highlight
HeadlinesBusiness Background Hong Leong Bank Bhd is based primarily in Malaysia with a regional presence in other Southeast Asian countries, Hong Kong, and mainland China. The bank’s strategy emphasizes technology while offering diverse financial products to its Islamic target base. Its services include personal financial services, business and corporate banking, trade finance, treasury, branch and transaction banking, wealth management, investment banking, and Islamic financial services. A majority of the bank’s earning assets are loans, advances, and financing. Net interest income constitutes the bulk of the bank’s income generation. Most of its revenue is derived from personal financial services.
  Siang9282 https://www.facebook.com/groups/595333804730641/permalink/1143866639877352/ 29/09/2022 5:32 PM CurryBento Coming off a set of positive earnings in its first financial quarter ended Sept 30, 2022, Hong Leong Bank Bhd managing director and CEO Domenic Fuda said the outlook remains at risk of macro headwinds, including rising global inflation. "The global economic outlook remains susceptible to potential fallout from aggressive monetary policy tightening, persistent inflation, financial market volatility, a slowdown in the China economy, and rising geopolitical risks. 29/11/2022 2:01 PM CurryBento The group's earnings per share was 47.91 sen as compared with 41.91 sen in the comparative quarter. Revenue meanwhile was up 8.7% to RM1.5bil, driven by an expansion in net interest income and sustained non-interest income contribution. For 1QFY23, net interest income was 9.9% higher y-o-y at RM1.23bil as a result of solid loan and financing growth and effective asset/liability management. 29/11/2022 2:02 PM CurryBento overall gross impaired loan (GIL) ratio was stable at 0.49%, with adequate loan impairment coverage (LIC) of 212.2%. Customer deposits for 1QFY23 rose 7.7% to RM197.4bil with current account savings account (Casa) growth at 7.7% y-o-y to RM63.7bil and a Casa ratio of 32.3%. Capital position of the bank remained strong with CET 1, Tier 1 and Total Capital ratios at 12.9%, 14% and 16.1% respectively as at Sept 30, 2022. In international operations, the Bank of Chengdu's contribution rose 22.6% to RM259.9mil, representing 21.9% of the bank's pre-tax profit. 29/11/2022 2:02 PM xiiaodi Hong Leong Financial Group Bhd (HLFG)’s net profit for the first quarter ended Sept 30, 2022 (1QFY2023) grew 6.4% year-on-year (y-o-y), thanks to higher contributions from its commercial banking division, which houses its 64%-owned Hong Leong Bank Bhd. 13/12/2022 10:25 AM xiiaodi insurance division HLA Holdings Sdn Bhd and investment banking operation Hong Leong Capital Bhd recorded lower contributions. Net profit for 1QFY2023 rose to RM681.74 million, from RM640.56 million a year ago. 13/12/2022 10:26 AM xiiaodi Earnings were driven by stronger interest income, effective cost management, low credit cost and robust contributions from associates. 13/12/2022 10:29 AM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Fiscal year is July-June. All values MYR Millions. 2022 2021 2020 2019 2018 5-year trend Net Interest Income 4,762 4,499 3,841 3,751 3,859 Net Interest Income after Provision 4,598 3,845 3,513 3,739 3,783 Non-Interest Income 528 715 1,053 882 896 Non-Interest Expense 1,792 1,830 2,224 2,090 5,438 Operating Income 3,334 2,730 2,343 2,531 2,705 Pretax Income 3,336 2,735 2,347 2,623 3,246 Funds from Operations 1,313 1,667 1,384 1,201 1,252 Net Operating Cash Flow 1,741 5,642 1,223 914 2,354 Capital Expenditures (151) (145) (209) (134) (136) Free Cash Flow 1,625 5,522 1,041 791 2,229 Cash Dividends Paid - Total (1,090) (712) (1,023) (982) (941) Free Cash Flow Yield 1.28% (Price per share @ Rm 20.70) 15/12/2022 8:21 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Average Growth Rates Hong Leong Bank Bhd Past Five Years Ending 06/30/2022 (Fiscal Year) Revenue -2.34% Net Income +4.94% Earnings Per Share +4.93% Capital Spending +2.22% Gross Margin - Cash Flow -5.42% 15/12/2022 8:21 PM masterus Contagion spreads: Desperate customers line up outside First Republic Bank to take their money out - after SVB bank collapsed and sent shockwaves through market First Republic Bank customers lined up to withdraw their money Saturday This comes a day after the collapse of Silicon Valley Bank on Friday Both banks are associated with California's wine and tech industries 12/03/2023 2:46 PM masterus Regulators close New York’s Signature Bank, citing systemic risk Source: CNBC 13/03/2023 7:04 AM masterus Goldman analysts no longer expect Fed rate hike in March after SVB failure Reuters 13/03/2023 1:18 PM masterus PIMCO lost $340 mln with Credit Suisse AT1 bonds write-off - source :Reuters 24/03/2023 6:00 PM masterus Deutsche Bank shares slide 13% after sudden spike in the cost of insuring against its default 24/03/2023 6:38 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Security LastPr PE DY% Divcts ROE ttm-marg HLBANK (Banking) 20.28 11.83 2.7 55 10.95 63.7 30/03/2023 4:56 PM  Michael Kwok Ekson buy call 53-55 cents Each person buy 10k unit Sarawak economy in big boom. Both PH and PN need each other if government fall Long term 14/4/23 4pm 13/04/2023 4:03 PM bilisinvestor I just wish hlb would be more generous with their dividends. At least 40% pay out would be nice 17/04/2023 6:19 AM masterus Gold broke higher in the overnight session, racing above US$ 2,000 an ounce with risk sentiment sinking which saw Treasuries go higher on lower yields. Wall Street finished down after regional banks faced scrutiny by the market despite the embattled First Republic Bank finding a home with JP Morgan at the start of the week. The KBW bank index which includes several leading regional banks, went 4.47% lower on Tuesday. All the while the unresolved US debt ceiling issue continues to swirl and with these growing concerns for the macroeconomic environment, gold and Treasuries caught a bid. 03/05/2023 2:03 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ In 2010, its EPS was 63.50 sen. In 2021, its EPS was 137.09 sen. It has grown its earnings at a faster rate than PBB during the same period. Today, it too is trading at the low of its historical PE range. DY 3%. 12/05/2023 4:42 PM stockraider Hlbank & Pbank is overvalue compare with other banks loh! The good thing is hlb & pbb have good management mah! But if u like good management of QUEK family....can consider Hong Leong Ind loh! 13/05/2023 10:19 AM Needluck banking sector got 10 counters, only 2 drop currently, this counter is one of the 2. boleh! 16/05/2023 4:30 PM Needluck EPF bought 22/5, 1,002,800 @ 19.96(average), 19/5 915,000@19.96(average), 16/5, 580,600 @ 19,90, 15/5, 655,200@ 20.00. how much loss these 4 batches? 02/06/2023 10:41 AM investor2021trading d sharp downtrend on MPI will reflect strongly impacting HLBank! 02/06/2023 12:27 PM vivian23 Price is below EPF recent buy and average buy price https://prnt.sc/TkadsDTKPh4V , good time to enter? 02/06/2023 3:38 PM success2628 No need to advice, now KLSE already started the bull market, each and every bluechips included HLBANK already start flying the price, just enter and buy only, don't be late wait till KLSE index hitting 1,800 then only buy.... 25/07/2023 10:04 AM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Latest qtrly results are encouraging. 30/11/2023 4:35 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ 2014 - 2023 Its revenues, PBT and EPS have grown consistently. PBTMs were maintained. ROEs averaged 10.9%. Its DPO ratio was 35.4%. It retained RM 8.98 of its earnings (for maintainance or for growth) and increased its EPS by 79.16 sen over the 10 years, giving a return on retained earnings RORE of 8.8%. Its share price in 2014 was RM 11.37 per share and in 2023 was RM 20.00, a positive change of RM 8.63 per share. Quoting Warren Buffett, for every $1 retained by the company, this should be reflected in its share price. This was the case for HLBank. It retained RM 8.98 over the 10 years and its share price had risen RM 8.63 per share. For those who bought this share in 2014 at RM 11.37 per share, they would have gained RM 8.63 per share in capital appreciation and received total dividends of RM 4.27: a 100% gain over 10 years ( approximately CAGR of 7%). Retaining about 65% of its earnings and having a ROE of 10.9% are encouraging for the owners of this stock. Keep this stock in your radar and when it is available at a bargain, you might like to add to your investment portfolio. ht tps://myinvestingnotes.blogspot.com/2024/02/hlbank-at-glance.html 25/02/2024 8:15 AM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Today's price 19.56 ROE 10.69% P/B 1.17 NTA 16.680 5yr CAGR Revenue 3.3% 5yr CAGR Profit 7.7% DY 3.02% Its price is in the fair price range. 25/02/2024 8:21 AM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Contrast HLBank with Elsoft. HLBank is a bank. Its business enjoys a stronger economic moat than that of Elsoft. The number of banks in a country is regulated. 25/02/2024 8:24 AM Siang9282 Bank HongLeong BBBwealth Faedah deposit tetap: 3.70% Faedah saham: 3.03% 11/03/2024 7:48 AM  | |
