Highlights
KLSE: HLBANK (5819)       HONG LEONG BANK BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
18.50   0.00 (0.00%)  18.30 - 18.64  976,700
Analyze this stock with MQ Trader system

Overview

Market Cap: 40,103 Million
NOSH: 2,168 Million
Avg Volume (4 weeks):1,052,465
4 Weeks Range:17.64 - 19.14
4 Weeks Price Volatility (%):
57.33%
52 Weeks Range:14.90 - 20.02
52 Weeks Price Volatility (%):
70.31%
Average Price Target: 19.08
Price Target Upside/Downside: +0.58

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2018 [#3]  |  30-May-2018
Next QR | Est. Ann. Date: 30-Jun-2018  |  24-Aug-2018
T4Q P/E | EY: 16.07  |  6.22%
T4Q DY | Payout %: 2.35%  |  37.71%
T4Q NAPS | P/NAPS: 10.7674  |  1.72
T4Q NP Margin | ROE: 51.82%  |  10.69%

Headlines

Date Subject
17-Jul-2018 BNM May Stats: What Are MQ Research’s Banking Stock Picks?
02-Jul-2018 Malaysia Daily - 2 July 2018
02-Jul-2018 Banking - BNM Stats: (May 2018) Post GE14 Blues
20-Jun-2018 See Highlights From BNM’s Financial Stability Report
18-Jun-2018 1Q18 Results Wrap - Latest Stock Picks!
06-Jun-2018 Sector Update – Banking - (OVERWEIGHT, Maintain) - 1Q18 Roundup : Holding Up Steadily
05-Jun-2018 BNM Apr Stats: Highest Loan Growth Since Sept17
04-Jun-2018 Banking - BNM Stats: (April 18) Promising Start for into Q2
01-Jun-2018 Sector Update - Banking - Malaysia
31-May-2018 Hong Leong Bank (HLBK MK) - 3QFY18: Lower Credit Cost And Lumpy Trading Gains
31-May-2018 Hong Leong Bank - Bank of Chengdu contribution still strong
31-May-2018 Mplus Market Pulse - 31 May 2018
31-May-2018 Hong Leong Bank Berhad - Earnings Supported by BOCD
31-May-2018 Hong Leong Bank - Staying Ahead of Market Expectations
31-May-2018 Hong Leong Bank Berhad - Surprised By Associate's Robust Result
24-May-2018 热门股:丰隆银行上挑RM19.20
19-Apr-2018 上升股:丰隆银行阻力RM19.66
19-Apr-2018 Daily Technical Highlights – (SUPERMX, HLBANK)
11-Apr-2018 丰隆银行 数字转型利中期盈利
10-Apr-2018 Hong Leong Bank Berhad - Attempting To Make A Mark In The Digital Space

Business 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.
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masterus Dollar falls after US CPI, retail data disappoint
0
Reuters, New York
The dollar extended its earlier decline against a basket of major currencies on Friday, after weaker-than-forecast data on consumer prices and retail sales in June raised doubts about US economic growth and whether the Federal Reserve would raise interest rates again in 2017.

US consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation.

Economists had forecast the CPI edging up 0.1 percent last month and its drop of 0.1 percent in May and the lack of a rebound in June could trouble Fed officials who have largely viewed the recent moderation in price pressures as transitory.

"The CPI data begs the question, at what point does transitory becomes something that is more sustained, in terms of the softness," said Richard Franulovich, senior currency strategist at Westpac Banking Corp in New York.

The dollar index, which tracks the greenback against six major rivals, was down 0.5 to 95.248 after earlier falling to 95.186, its lowest since September 2016.
16/07/2017 10:05
masterus The ugly finish for the US dollar points to trouble ahead
Sun 16 Jul 2017 13:04:09 GMT Author: Adam Button | Category: News
Author: Adam Button

share
US dollar closed on the lows



No one stepped up to but the US dollar on Friday, it closed on the lows of very close against the euro, Australian dollar and the Canadian dollar. Sterling wasn't far away.

The market -- generally -- still likes the US dollar but a close on the weekly lows is a technical signal you can't ignore. Add in the breakouts against the pound, CAD and Aussie, and you have a recipe for a brutal week ahead.

What's even worse is that there is no top-tier data on the calendar to give USD a hand; and the Fed is in the communication blackout.
17/07/2017 12:11
masterus PETALING JAYA: With scale being an increasingly important factor in the local banking industry, talk has now emerged that Alliance Financial Group Bhd (AFG) could be looking to merge with Hong Leong Bank Bhd (HLB).

The twist, though, is that AFG, which is the smallest financial institution in Malaysia in terms of asset size, could be the acquirer in the potential merger and acquisition (M&A) exercise, instead of being the target company to be acquired, according to UOBKayHian Research.

“Scale has always been a stumbling block for AFG. Without scale, the group has to stay competitive by targeting niche segments, while investments would require longer payback periods without the benefits of economies of scale ... as such, it is not surprising that the latest market rumours involve a potential merger with HLB and AFG being the potential acquirer,” the brokerage wrote in its report.

HLB is the fifth-largest lender by assets in Malaysia. The 64%-owned unit of Hong Leong Financial Group Bhd is listed as the main earnings driver for its parent company.

Meanwhile, AFG last Thursday dismissed speculation that it was the subject of a merger. The bank, which saw some changes in shareholding, said it was financially sound and looking to lift its returns to shareholders.

In rationalising the potential M&A between AFG and HLB, UOBKayHian said completion of the exercise would result in a quantum leap in AFG’s scale, with its branch network increasing from 94 to 394 branches. This would outpace Malayan Banking Bhd’s 363 domestic branches.

In addition, the merged entity would be valued at RM266bil in terms of total assets. This would make it the fifth-largest institution after the merged RHB Bank Bhd-AMMB Holdings Bhd.

“Such a merger will likely be near-term dilutive, but the potential synergies that can be derived from the quantum leap in scale and cross-selling opportunities arising from a low level of customer duplication and expertise would be highly beneficial for AFG over the longer term,” UOBKayHian explained.

“Given AFG’s small scale, duplication can be well-contained and the cultural similarities of both banks will ensure lower execution risk post-merger,” it said.

AFG’s strength lies in the small and medium enterprise (SME) segment, which provides for a strong SME CASA (current and savings account) base, whereas HLB’s strength is within the more affluent consumer segment, which provides for a strong retail deposit base.

“In terms of structural similarities, both banks have a fairly strong liquidity franchise and cost discipline, with HLB having a slightly stronger asset quality edge,” UOBKayHian said.
19/07/2017 14:04
masterus Hong Kong dollar hits 10-year low against greenback
City's currency suffers sell-off for higher-yielding US dollar and yuan
JOYCE HO, Nikkei staff writer

HONG KONG -- The Hong Kong dollar hit its weakest level against the greenback in a decade on Tuesday, as flush liquidity continued to curb Hong Kong money market rates and spurred carry-trades for the higher-yielding dollar and yuan.

The local currency, pegged at 7.75-7.85 to the dollar, edged beyond 7.82 for the first time since August 2007, when the U.S. subprime mortgage crisis erupted. It breached the mid-point of the trading band in June, after a sustained devaluation since January.

The Hong Kong dollar is one of the few currencies in the region that has devalued against the U.S. dollar year-to-date, along with the Philippines peso and Sri Lankan rupee. It has so far weakened by 0.89%, while the Japanese yen and Australian dollar have risen 5.4% and 9.76% respectively.

"The recent weakness in [the Hong Kong dollar] is clearly a 'pricing phenomenon' on the back of a continued widening in the interest rate differential between the U.S. and Hong Kong," wrote Irene Cheung, senior strategist for Asia at the Australia and New Zealand Banking Group, in a note on August 4.
09/08/2017 13:10
masterus Londonbisc net total assets is 2.18. Share price currently at 0.765. Soon will fly.
16/08/2017 15:02
diehardunited I'd rather bet into this stock. Giant in the making! Get ready for the LIMIT UP SOON!
http://klse.i3investor.com/m/blog/warrenbuffet/131824.jsp
10/09/2017 18:41
masterus China Prepares Sale of $2 Billion in U.S.-Dollar Bonds


The government is preparing to sell $2 billion in bonds this month, and investment banks are pitching for a role in the deal, according to bankers in Hong Kong.

While the planned sale isn't large and is mostly symbolic, it would be China's biggest-ever U.S.-dollar bond sale and its first since October 2004, when the country raised a total of about $1.7 billion from selling dollar- and euro-denominated bonds that matured in five and 10 years.

China's Ministry of Finance didn't immediately respond to requests for comment.

China has about $200 million in outstanding U.S.-dollar sovereign-debt issues that it is scheduled to pay off in 2027 and 2096, and those bonds yield about 3.3% and 4% respectively, according to research firm CreditSights. The country issued several global bonds in the 1990s, including a 100-year $100 million bond in 1996 with a 9% coupon.
14/09/2017 07:24
UncleMau Switching my holdings to Petronm
-------------------------------------------------------------------------------------------------------------------------------
Extract of Analyst Report from RHB

Petron Malaysia

Fuel Happy

We initiate coverage on Petron with a BUY recommendation. Our TP of MYR16.20 (60% upside) is based on a 12.5x FY18 P/E. The company owns over 580 service stations nationwide, distributing gasoline, diesel and LPG products. Petron also owns an 88,000bpd refinery in Port Dickson, Malaysia with a Nelson Complexity Index of 3. We believe the refinery would provide the company with a competitive advantage, thereby enabling it to take advantage of refined product spreads.

Third largest retail station operator in Malaysia. Petron Malaysia (Petron), a major fuel retail distributor in Malaysia, has the third largest market share in the country behind Shell and Petronas Dagangan (PETD MK, NR). It owns over 580 service stations nationwide, distributing gasoline, diesel and LPG products.

Besides retail marketing, the company also owns an 88,000bpd refinery located in Port Dickson, Malaysia with a Nelson Complexity Index of 3. The refinery is capable of producing gasoline, diesel, liquefied petroleum gas (LPG), kerosene and low sulphur waxy residue (LWSR). The refinery has an average utilisation rate of c.50% due to the unfavourable economics of LSWR which, in turn is due to its low complexity rate. The company is 73.4%-owned by Petron Corp, the largest oil refining and marketing company in the Philippines.

The refinery could provide alpha. Its retail fuel segment plays a volume game, ie the more retail stations imply a higher volume. As such, we expect its retail volume to grow by c.4% each year, driven by the opening of new stations. Our base case scenario assumes Petron would open 15 new stations every year. Its commercial fuel segment earnings are driven by spreads for naphtha, kerosene and LSWR. We expect spreads for naphtha and kerosene to range between USD2-7/bbl for the long term. As such, we believe the commercial fuel would provide the company with a higher earnings growth potential, compared to that of its peers.

Healthy balance sheet. As of 1H17, it is a net cash company; we expect Petron to end FY17F in a net cash position. Total borrowings are at MYR66.4m, while its cash position is at MYR156m. This is comparable to the situation at the end-FY16, when it was in a net debt position of MYR136m. Net cash from operations and free cash flow has been on an increasing trend, attributed to better cost management as well as the asset performance mechanism (APM), which transmits changes in oil prices to retail fuel prices.

BUY. We initiate coverage on Petron with a BUY recommendation, supported by a TP of MYR16.20. We arrive at our TP by pegging a 12.5x P/E to FY18F EPS of MYR1.30. As a comparison, Petronas Dagangan is trading at 24.6x P/E for FY18, at a 70% premium to Petron. We like Petron as we believe its retail fuel segment would provide a stable base of earnings due to the APM mechanism, while its commercial fuel segment would provide an earnings boost, an advantage the company holds over its peers due to its refinery.
03/10/2017 09:52
masterus 8 HOURS AGO by Mamta Badkar
The US dollar gave up its gains on Friday after a report that North Korea was preparing to test a long-range missile that could reach the US west coast.

The DXY dollar index, which gauges the buck against a basket of six global peers, was trading roughly flat at 93.86, after state-owned news agency RIA reported the news citing a Russian lawmaker following a trip to Pyongyang.

According to Reuters, a member of the Russian Duma’s international affairs committee quoted in the RIA report said that North Korea was preparing for new tests of a long-range missile, that the regime is in a “belligerent mood” and that a launch could come in the near future.
07/10/2017 08:38
pakatan_harapan2 Kuok: There are ‘very big crooks’ among Chinese
Read more at https://www.thestar.com.my/news/nation/2017/11/26/kuok-there-are-very-big-crooks-among-chinese/#vgkbKeZwykrI11gi.99
26/11/2017 18:31
pakatan_harapan2 Crook, yet Bursa/SC does nothing? If Pakatan rule will punish kaw kaw.
27/11/2017 15:01
Tan Issac this stock nowday like casino,up down very fast
05/12/2017 16:11
chickenriceseller total scam stock....
05/12/2017 16:48
Wen Jun up 10% in 10 min? wow
05/12/2017 16:49
valuelurker So fast klci turnaround meh diu
05/12/2017 16:50
bearguy lol
05/12/2017 17:06
eugenethenewbie what actually happened
05/12/2017 17:09
SideIncomer 10% in 10 min....really?
05/12/2017 17:10
pxy1012 elephant can fly
05/12/2017 17:11
Tan Issac bonus issue soon
05/12/2017 17:16
kshinann sure ka? then should keep
05/12/2017 17:18
Tan Issac keep until 20.00
05/12/2017 17:19
Ahead1268 Hopefully tomorrow can reach 19.00 and EPF to sell all 13.1% shareholding to pay some decent dividend to EPF member due soon before major market crushing down soon.
05/12/2017 19:20
JP1952 Fantastic. Good stock, will match with Public Bank soon
05/12/2017 20:42
3iii Why the big jump in its share price yesterday?
06/12/2017 10:25
masterus Ringgit hits 4.0470, appreciates 10pc since Jan
06/12/2017 12:19
Ahead1268 No way HLB can match PBB. BIG Gap, far behind for another decade.
06/12/2017 21:10
masterus The Pound Sterling Live - Today's Rolling Coverage of the British Pound Sterling

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US Dollar in Focus as Debt Ceiling Deadline Looms
Modified: Thursday, 07 December 2017 14:23 Written by James Skinner Subscribe to our Newsletter Follow us on Twiiter This copy is for personal, non-commercial use only. Reproduction of any content for commercial purposes is subject to our usage terms and conditions, please email the editor at his address directly for clarification.

A government shutdown in the US looms if lawmakers cannot find agreement - here's a look at what it might mean for the Dollar.
The Dollar faces a testing period ahead as lawmakers in Washington turn their attention to the annual debt ceiling debacle which, if unresolved, could see the US government forced to shut down as early as next week.
A government shutdown is the process the Executive Branch must enter into when Congress and the President fail to pass emergency legislation to fund government operations and agencies.
A temporary extension to the debt limit, agreed in September, is set to expire Friday, 8 December. Extraordinary measures, such as a government shutdown, could enable the Treasury to meet its obligations for several months.
Congressional Budget Office staff estimated in November that these measures could see the Treasury through until early April, meaning fears of a technical default by the United States should remain benign until then.
A government shutdown is politically contentious as it almost always means the furlough of federal workers. In the December month, right ahead of Christmas, this can be costly for lawmakers who will face mid-term elections in 2018.
08/12/2017 09:05
Mypickers Wow...my pick
11/12/2017 22:16
irwan active
14/12/2017 11:48
Wei Wong I don’t understand Hong Leong give dividen so little up so much.
Maybank give more up so little.
Please somebody explain .
18/12/2017 14:29
GICSpore Switching to Petronm to ride on the wave for this good FCF company
18/01/2018 14:42
masterus BUDGET Published January 20, 2018
Government braces for shutdown as Senate fails to meet deadline for spending deal
Adam Shaw By Adam Shaw, Alex Pappas, Matt Richardson | Fox News
20/01/2018 14:23
ahpeng95 https://klse.i3investor.com/blogs/RoadtoSuccess3/145616.jsp
28/01/2018 02:57
masterus London bisc
29/01/2018 14:34
mf www.theedgemarkets.com/article/ocbc-malaysia-ups-base-rate-25bps-feb-2
29/01/2018 17:28
LeeFoundation Now looking actively at Petronm for its low pe high net cash biz.

Anything below 13 is still a good and fair valuation for Petronm. Look at just the fcf alone, smart investors will not easily let this counter go off from their radar.
12/02/2018 15:20
perterpan Petron Malaysia Refining and Marketing Berhad - Hit by Margin Compression
Author: PublicInvest | Publish date: Fri, 23 Feb 2018, 09:46 AM

Petron Malaysia Refining and Marketing Berhad (Petron) recorded a full year FY17 net profit of RM341.8m (+44.8% YoY), excluding exceptional items amounting to RM65.6m owing to compulsory divestment of service stations. The lower-than-expected net profit achievement, meeting only 79% of our and consensus 90% full-year estimates, was the result of margin compression following the faster rise in crude oil prices (cost of goods) against product prices (sales). Operating margin halved to 3.7 % in 4QFY17 against 7.8% for the same period a year ago. The company declared RM0.25 dividend per share for FY17 meanwhile, higher than FY16’s of RM0.22, though in line with our expectation. In the short-term, oil price volatility may persist but in the long run, the outlook on oil prices remains sanguine driven by the re-acceleration of global economy. This will be led by the improving prospects of major economies and hence the pickup in industrialization activities, which in turn will underpin the recovery of demand for oil. We remain positive on the prospects of Petron and reaffirm our Outperform target on Petron with a target price of RM13.62, suggesting a potential upside of 13.5%.

Higher 4QFY17 revenue (+23.6% YoY) driven by higher global oil prices and volume sold. Global oil prices in 4QFY17, using Brent prices as a benchmark, recorded a 24.4% YoY jump to USD61 per barrel. Petron also registered higher sales volume of 9.1 million (+9.6% YoY) barrels for the quarter, owing to better economic conditions and steady increase in the number of petrol stations.
Net profit for 4QFY17 dropped 8.6% YoY to RM101.8m despite the 23.6% increase in revenue. Operating margins took a hit as it dipped to 3.7% in the quarter (4QFY16: 7.8%), no thanks to the faster increase in crude oil prices compared to product prices, leading to compressions.
Outlook. Despite the steady rise in oil prices, the company remains vigilant and cognizant of the persistent volatilities resulting from continued imbalances in oil supply and demand. We believe the company will continue to improve their efficiency as a natural defense against this however. Additionally, we foresee the company will continue to leverage on firmer demand as a result of steady economic conditions which underpins their drive to add more petrol stations in the near future.
Source: PublicInvest Research - 23 Feb 2018
23/02/2018 10:04
Imposterranger Dragonpick Let Petronm stablise for the time being and you will see the hidden super powerful reward it will bring later on the back of its :

1. Healthy and debt free B/S;
2. Strong net cashflow;
3. Steady biz growth;
4. Higher dividend payout;
5. Attractive P/E < 10;
6. Opening more retailing petrol stations;
7. Prudent and quality management team;
8. On the radar of Public Invest and RHB Invest.
23/02/2018 13:38
23/02/2018 13:45
brianklc whn RM20 is coming back?
05/03/2018 15:57
mf 05-Mar-2018 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 244,500 shares on 28-Feb-2018.
05/03/2018 20:15
kkteng70 Wow attractive,
07/03/2018 12:39
calvintaneng THIS ONE HIGH EARNER

BEATS EVEN PUBLIC BANK

But Future Growth won't be so much

TA would be better from Now!

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/150381.jsp
12/03/2018 10:45
masterus The dollar slumped on Friday, sliding the most against the yen, as traders moved into currencies considered more safe. The move came as U.S. political worries returned, on reports that U.S. President Donald Trump was planning to fire his national security adviser, H.R. McMaster.
16/03/2018 21:10
andy721 QLC is good friend of anwar - stockbit BUY
11/05/2018 10:47
RedEagle KUALA LUMPUR: The steps taken by the new Pakatan Harapan government to remove political uncertainty, including the setting up of the Council of Eminent Persons, will see more fund flowing into the country.

Aberdeen Asset Management Chief Executive Officer Martin Gilbert said the country's economic environment is positive compared with the situation before the recently concluded 14th General Election.

"Generally, it is good news. Following the establishment of the council, which includes the former Bank Negara Malaysia governor, both foreign and local fund managers are reassured of a stable economy," he told reporters after the meeting between Tan Sri Zeti Akhtar Aziz and 180 fund managers here today.

Gilbert said the meeting was very useful with the world's longest serving central bank governor giving her input on the current economic issues in Malaysia, plans going forward and her role in the council.

"With her knowledge of the financial markets, I think this will make global asset managers look more closely at Malaysia going forward," he said.

Asked on rating agencies' concern on Malaysia's ability to fill the revenue gap without the Goods and Services Tax, he said these agencies would have to look at the economy as a whole.

"The great thing for Malaysia is that all of the (economic) dynamics and growth are good.

"However, we will have to wait for the government's plans," he added.

Aberdeen Asset Management has US$800 billion (US$1 = RM3.95) assets under management, with US$5 billion invested in Malaysia. -- BERNAMA
15/05/2018 22:04
masterus Cmsb falling down already. It is the time buy it? Will it fall again.
21/05/2018 10:29
Yunz strong QR.. will it rebound?
30/05/2018 12:41
masterus Dr M: Govt looking to replace ringgit notes with new ones
CORPORATE NEWS
Wednesday, 27 Jun 2018

by daniel khoo


“If you were to replace, you need to print huge amounts of paper money and that is not a decision that one makes lightly. “You have to study the effects on the economy,” Mahathir added
“If you were to replace, you need to print huge amounts of paper money and that is not a decision that one makes lightly. “You have to study the effects on the economy,” Mahathir added



PETALING JAYA: The government is looking to replace the current currency notes with new ones to combat corruption.

Prime Minister Tun Dr Mahathir Mohamad said in an interview with Channel NewsAsia that there could be a change in the currency or go cashless to combat corruption.



“It’s not an easy thing because when you want to replace the currency, you must know how much currency is in circulation... because we have to replace what is in circulation and that is a very big amount,” he said.

“If you were to replace, you need to print huge amounts of paper money and that is not a decision that one makes lightly.
27/06/2018 11:15
NowUSeeMe financial sector will keep bleeding till mid of year and starting 4Q banks NPL will grow high
03/07/2018 02:02


 

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