Highlights
KLSE: LPI (8621)       LPI CAPITAL BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
15.38   -0.02 (0.13%)  15.38 - 15.50  15,000
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Overview

Market Cap: 6,128 Million
NOSH: 398 Million
Avg Volume (4 weeks):31,911
4 Weeks Range:15.34 - 16.26
4 Weeks Price Volatility (%):
4.35%
52 Weeks Range:14.90 - 17.14
52 Weeks Price Volatility (%):
21.43%
Average Price Target: 16.69
Price Target Upside/Downside: +1.31

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2018 [#2]  |  09-Jul-2018
Next QR | Est. Ann. Date: 30-Sep-2018  |  09-Oct-2018
T4Q P/E | EY: 19.55  |  5.11%
T4Q DY | Payout %: 4.13%  |  80.72%
T4Q NAPS | P/NAPS: 5.0772  |  3.03
T4Q NP Margin | ROE: 20.83%  |  15.49%

Headlines

Date Subject
17-Jul-2019 【视频】伦平 竞价加重理赔压力
16-Jul-2019 LPI Capital - Outperforming Amidst a Tough Market
16-Jul-2019 [转贴] 5分钟看懂LPI(8621) Q2 2019季报 ~ 第一天
16-Jul-2019 LPI Capital - Further Liberalization of Fire Insurance Tariffs Delayed
16-Jul-2019 LPI Capital - Higher Claims Expenses to Drag Profit Growth
16-Jul-2019 Mplus Market Pulse - 16 Jul 2019
16-Jul-2019 LPI Capital Bhd - 2Q19 Within Expectations
15-Jul-2019 [转贴] 稳健成长 伦平派息27sen - 蛤蜊先生
16-Apr-2019 LPI Capital - Marginal Yoy Expansion
16-Apr-2019 LPI Capital Berhad - Modest Growth in Premium Income
16-Apr-2019 PublicInvest Research Headlines - 16 Apr 2019
16-Apr-2019 LPI Capital - 1Q19 Within Expectations
16-Apr-2019 LPI Capital - Pricing pressure from liberalization
10-Apr-2019 5 things I learned from the 2019 LPI Capital AGM - Shak Chee Hoi
10-Apr-2019 Daily Technical Highlights – (JAKS, LPI)
28-Mar-2019 [转贴] LPI 股东大会 27-03-2019 @ Shangri-La Hotel Kuala Lumpur 记 ~ 第一天
28-Mar-2019 [转贴] LPI 年报摘录 + 股东大会见闻 - 蛤蜊先生
27-Mar-2019 伦平资本推数码转型·提升服务
19-Feb-2019 LPI Capital - Pressure on fire insurance underwriting margins ahead
31-Jan-2019 伦平 竞争激烈拉低财测

Business Background

LPI Capital Bhd is a diversified insurance company that provides a wide range of products. LPI Capital generates revenue by writing premiums on insurance policies that it sells to individuals and businesses. The company’s personal insurance offerings include fire, health, liability, auto, and accident insurance. LPI Capital’s business insurance product portfolio expands on its personal line products by adding marine, glass, and burglary insurance. The company offers flexibility to its corporate customers by providing tailor-made plans for small and midsize enterprises.
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  3 people like this.
 
ZHYsuper what news are you waiting for?
18/01/2019 2:31 PM
neverlose when financial report coming out?
18/01/2019 5:35 PM
Nicole Chow Luckily didnt come out today. Friday normally dont have good news.
18/01/2019 9:03 PM
VivoPrince Not wanting to sound pessimistic but am only expecting a so-so piece of financial results considering the current challenging operating conditions ... hopefully, the dividend rate can be maintained like last year's.
21/01/2019 8:25 AM
LouiseS The EPS is on decreasing trend, in last 5 years decreased by around 14.7%, the PE ratio is quite high, around 20, the ROE is 15%, dividend yield is 3.88%

https://louisesinvesting.blogspot.com/2019/01/preliminary-screening-of-counters-with_26.html
26/01/2019 5:41 PM
Nicole Chow 2016 got one off gain. Exclude that one off gain, 2016 result drop. 2017 result return to normal 2018 3Q accumulated flat. Result good or x depend on Q4.
27/01/2019 4:48 PM
shpg22 Good result. FY18 dividend payout totaled at 68.0 cents, up 13% compared to FY17.
That translated to 4.1% DY at current price of 16.38. Buy at target price of 17.00. You only need to own 1 company share that is LPI. 99% of other company on BURSA will make you poorer for sure.
29/01/2019 5:33 PM
3iii Business is fine and growing organically.
29/01/2019 5:39 PM
3iii Lonpac’s net earned premium income for the financial year under review
registered a stronger 9.5% growth to RM930.8 million from RM850.2
million, arising partly from its higher retention ratio of 68.4% as compared to 61.0% reported previously.

However, the claims incurred ratio for the year under review had increased to 40.9% from 38.5% mainly due to deteriorating claims trends observed in both motor and medical portfolios.

Underwriting of these two classes of insurance have been constantly
reviewed to ensure favourable performance.

With commission for the year at a higher 6.3% and management expenses ratio maintained at 20.1%, Lonpac’s combined ratio increased to 67.3% from 64.0%, resulting in a slightly lower underwriting profit of RM303.5 million, a 0.8% reduction from RM305.8 million achieved in 2017.

However, Lonpac reported a pre-tax profit of RM374.1 million in financial year 2018, a marginal improvement from RM372.2 million registered in 2017. ”
29/01/2019 5:50 PM
3iii Fire insurance remains the core portfolio of business contributing 42.4% of its total written premium.


During the year, both motor and medical insurance portfolio had also reported strong growth whereas engineering insurance suffered a decline in written premium, affected by the slowdown in the number of project risks and termination of government infrastructure projects.
29/01/2019 5:58 PM
3iii “For the 12 months period ended 31 December 2018, LPI registered an increase in its revenue by 2.9% to RM1,513.7 million from RM1,470.6 million recorded in previous corresponding period.

Its profit before tax increased marginally from RM403.7 million previously to RM406.0 million while net profit attributable to shareholders stood at RM314.0 million, a 0.1% increase from previous year of RM313.8 million.

Earnings per share of LPI for the year recorded 78.83 sen and net return on equity registered lower at 14.6% from 16.3% previously.
29/01/2019 6:00 PM
newbie8080 Quite pricey at current PE=20.
Any comment?
29/01/2019 6:08 PM
3iii Trading at fair price.
29/01/2019 6:13 PM
Nicole Chow shpg22 Absolutely agree with you!~~
29/01/2019 9:06 PM
shpg22 LPI as Malaysia's Berkshire Hathaway should deserve a premium price. There aren't much quality company like LPI in Bursa. As I said before, you only need to own LPI in Bursa, the rest (99%) of other companies are listed to make investor poorer.
29/01/2019 9:09 PM
shpg22 Despite this facts, 99% of retail investor would rather buy stock other than LPI.
30/01/2019 9:54 AM
pputeh Can some sifu make a comparison between Aeon Credit and LPI. Much obliged and thanks
30/01/2019 10:07 AM
newbie8080 @ shpg22

Berkshire Hathaway is an investment company different from LPI which is just an insurance company.
Bershire also do not declare dividends unlike LPI.

Totally different type of company.
30/01/2019 10:15 AM
newbie8080 @ pputeh

Aeon credit is non bank financial institution offering small loans and credit card to consumers.
LPI is a insurance company.
30/01/2019 10:48 AM
shpg22 BRK use GEICO (insurance company)'s float to invest in other companies. Similarly LPI, mostly on PBBANK. Anyway I m referring to its stock performance vs BRK.
30/01/2019 11:03 AM
Nicole Chow any other counter as generous as LPI?
12/02/2019 9:54 AM
andersonleee LPI is like pushing back to 17 soon.
12/02/2019 5:14 PM
Nicole Chow Ex date 14.2.18....so expected will rise till tmr. Btw, when we will know the date and venue of LPI AGM this year?
12/02/2019 8:13 PM
newbie8080 @ Nicole Chow

Refer to Bursa Malaysia website for announcement. The company normally announcement it 1 month before the AGM date and usually notice issued by end of February.
14/02/2019 9:56 AM
Fabien "The Efficient Capital Allocater" LPI is at fair valuation. 3x BV.
19/02/2019 11:41 AM
Nicole Chow LPI keep dropping recently ~
06/03/2019 8:09 PM
tsc516 Nicole chow, if not how you buy?
07/03/2019 12:06 AM
Nicole Chow haha~~
07/03/2019 8:34 PM
SYWen Hi guys, what was the door gift given in AGM in the past few years? just asking since I am going to the AGM
16/03/2019 9:55 PM
Nicole Chow Yea....i am attending on 27 march as well ~
19/03/2019 8:11 PM
Nicole Chow LPI keep going down recently ~
01/04/2019 5:32 PM
ongkkh Takaful keep going up recently
01/04/2019 8:46 PM
Fabien "The Efficient Capital Allocater" Return on equity around 15% (not very high)
Return on tangible assets 8% (good)
Earnings not growing
Is PE 20x justifiable?

My personal view it's at FV. Unless they can grow their earnings at least matching the economy then PE expansion is possible, towards 25x.
02/04/2019 3:18 PM
Fabien "The Efficient Capital Allocater" assuming LPI can produce consistent 15% ROE every year. in other words compounds its book value 15% every year.

how much book value multiple should u pay for? is current multiple of 3x a fair value, overvalued or undervalued?
03/04/2019 9:45 AM
enigmatic [Breaker of Speculative Investing] 1 year low.Discount for a limited time only!
13/04/2019 11:42 PM
ongkkh Qtr result is out
15/04/2019 8:27 PM
30/04/2019 7:36 PM
Nicole Chow continue to go lower and lower
07/05/2019 1:05 PM
Kalaihselvan Krishnan Dividend yield is getting better.
10/05/2019 7:25 PM
tsc516 Only go in when below rm15
10/05/2019 9:49 PM
Nicole Chow confident that it will rebounce back??
11/05/2019 5:45 PM
mneo good value stock...
27/05/2019 1:37 PM
Nicole Chow rise 34 cent
27/05/2019 5:49 PM
drt6398 What happen today?
13/06/2019 6:11 PM
Trusbx Did BNM revise its rate for fire insurance ? any idea
13/06/2019 7:20 PM
Nicole Chow till now still havent announced financial results
08/07/2019 1:32 PM
Ken Choo Normally before 15th
08/07/2019 4:03 PM
Nicole Chow This year is late.
14/07/2019 8:58 AM
ongkkh 27c div
15/07/2019 2:48 PM
Nicole Chow it will be quiet again, till next year January ~
16/07/2019 9:15 PM


 

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