Posted by RainT > 2021-02-10 23:58 | Report Abuse

VINFAST is not a competition to Yamaha

VINFAST is for luxury buyers

Posted by Sardin > 2021-02-22 21:45 | Report Abuse

Expecting very good quarter result to be announced soon

Posted by Black Swan Antifragile > 2021-02-26 19:38 | Report Abuse

Very good results indeed

Posted by observatory > 2021-02-26 19:40 | Report Abuse

The results have just been announced. Quarterly revenue, operating profit, profit before tax have all returned or even slightly exceeded the previous level. I hope MCO 2.0 will not affect its next quarterly performance too much.

It's also reassuring to see the share of profit from its associate continues to increase.

The only problem is the management keeps accumulating the cash without spending them on meaningful projects or returning it to shareholders. At this rate, they will soon run out of place to store their cash!

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3134170

Posted by Joo1818 > 2021-02-26 20:24 | Report Abuse

EPS improved from 24.87 sen to 31.90sen. The deposit,cash & bank balances stood at RM1.483 bil but interest earned only amount to RM613K for the quarter. That was very inefficient utilisation of such liquid fund. What I cannot comprehend was unsecured bank borrowing was only RM16,710 as at 31.12.20 but finance cost was RM1.111 mil for the quarter? Finance cost was even higher than the outstanding bank borrowing? Can anyone enlighten me. Even at low deposit interest of say 1%pa. Interest income would generate RM14.8 mil if RM1.483 bil was placed in FI? Does it meant that the deposit, cash & bank balances was placed as idle fund? Did any shareholder raised this in the AGM ? Where is the need to borrow if they have such a high deposit, cash & bank balances?

Posted by Multibagger > 2021-02-26 21:29 | Report Abuse

@Joo1818 Agreed with you on miserable interest income when cash is so much, i suspect it provides cheap cash resource to Hong Leong Bank :(

Posted by Joo1818 > 2021-02-27 11:33 | Report Abuse

If the amount of RM1.483 Bil was placed with Hong Leong Bank to generate such a meagre interest while borrowing was at such high interest rate, why wasn’t it raised by MSMG during their AGM? Isn’t a related party transactions that need scrutiny? Might as well request to increase dividend rate for shareholders to seek higher return elsewhere. Alternatively, issue bonus issue while maintaining the the dividend rate. This will improve the liquidity of the shares

Posted by Multibagger > 2021-02-27 17:51 | Report Abuse

Disclosure in 2019 AR stated FD n cash with related company. Similar to Panamy, huge cash placed with related company at miserable rate.

Posted by Multibagger > 2021-02-27 18:05 | Report Abuse

Very poor resources management. If could not find good investment opportunity, still many ways to utilise part of the cash to enhance shareholders value eg special dividend or share buy back

Posted by observatory > 2021-02-27 19:21 | Report Abuse

@Multibagger, I read your blog. I share the same sentiment.

https://m-bagger.blogspot.com/2020/11/hong-leong-industries-what-is-plan.html

Sometimes I feel a stock may appear undervalued for a good reason. The cash cow is only a cash cow to the controlling shareholder if they have no ambition to let their cash works harder, or return this excess cash to all shareholders. Worse, as you've highlighted in your blog, one day they may privatize as the same controlling shareholder has done it before elsewhere.

However, given many minority shareholders are long-term shareholders, I suppose the majority of them will not accept any lousy offer after holding it for a long time and forgoing other opportunities.

Posted by limkokthye > 2021-02-27 20:07 | Report Abuse

Holland industry

Posted by Multibagger > 2021-02-27 20:36 | Report Abuse

@observatory, the probelm is the person who can make the decision does not face minority shareholders in AGM, its his generals that look helpless and give excuses in the AGM.

Posted by Investor > 2021-02-28 12:24 | Report Abuse

@observatory & @Multibagger . We need to see where is the money first. In AGM previously, it was highlighted that it's in several subsidiaries. My guess is it's the main cash cow (YAMAHA).The company owns only 69.x% of Hong Leong Yamaha Motor Sdn Bhd. So that cash need to share with Yamaha Motor Co, Japan.

Posted by Multibagger > 2021-02-28 16:35 | Report Abuse

@Investor, dont think YMCJ will object if HLI propose more dividend from HLYM, then HLI can give more to its shareholders. I still think the wealthy boss not so willing to share with minority. Generosity is with the heart, not the wealth. If there is a heart, there is a way :)

Posted by Johnzhang > 2021-02-28 17:50 | Report Abuse

It is very true the controlling shareholders in many biursa listed companies are taking minorities for a ride. The BOD are often working to the interest of the controlling shareholders not for all shareholders! I think minority investors also have themselves to blame. In all the AGM I attended in last many years , I saw very few interested minorities attended . Even the few around don't use the opportunity to scrutinized the mgt and BOD by asking the critical and important question. That's why the controlling shareholders can get away easily for whatever unfair actions or mismanagement . Simply , if minorities don't care, you don't expect the controlling shareholders to care . Is high time for minorities to wake up and go in full force to show our strength. If we packed the AGM venua with angry voices and faces I am sure it is going to be different.

Posted by Multibagger > 2021-03-01 07:42 | Report Abuse

@Johnzhang, Agree with your view. That's the weakness of minorities, fragmented and hard to get collective action. Unless and until there is a perceived champion to lead, not easy to have meaningful impact.

Posted by Johnzhang > 2021-03-01 16:16 | Report Abuse

Multibagger, In this age of social media proliferation, there must be some forums or avenues that we can promote investor activism and to defend minority rights. If you have any idea pls let me know . I am keen to do something. Let’s find ways to promote awareness to minority investors to at least make effort to show up in AGM and EGM as a start . Sadly , our MSWG is lamb duck and not effective.

Posted by supersinginvestor > 2021-03-01 17:32 | Report Abuse

Hlind gave us MPI...HLIND GAVE US HUME ...
WAIT N SEE WAT U GET...
RELAX...

Posted by Multibagger > 2021-03-01 21:15 | Report Abuse

@Johnzhang, i will give more thought to the matter first. In the meantime, you can reach me at my blog if you wish to discuss further.

Posted by RainT > 2021-03-02 17:26 | Report Abuse

sales high

profit also high

margin also improve

cash pile also new high

Posted by Jimmy Lim > 2021-03-02 23:01 | Report Abuse

mpi naik mesti hli naik sekali juga

Posted by John8882020 > 2021-03-04 01:08 | Report Abuse

Mpi 2.0 the making.

Posted by John8882020 > 2021-03-04 01:09 | Report Abuse

Buy some don't miss the boat.

Posted by John8882020 > 2021-03-04 01:10 | Report Abuse

TP 12 15 18

Posted by limkokthye > 2021-03-04 14:27 | Report Abuse

holland indutries

Posted by limkokthye > 2021-03-04 14:28 | Report Abuse

over value d

Posted by Fabien _the efficient capital allocator > 2021-03-06 19:22 | Report Abuse

@Multibagger it's almost zero chance to fight agaisnt Tan Sri

ever wonder why there is not a single analyst covers this stock? why there is not active investor relations? even a glance at their quarterly report, the transparency of information is lacking, to the extend that the commentary on future prospect was merely an exercise to fill in the blanks

Posted by Multibagger > 2021-03-12 14:04 | Report Abuse

@Fabien, only on matters he is abstained from voting or if there is privatization and minority of more than 10% put up the fight collectively, other than these, I think cant stop any action by the big man.

Posted by Fabien _the efficient capital allocator > 2021-03-12 14:32 | Report Abuse

management does'nt care one bit of enhancing the share price

the only reason to have this stock in one's portfolio is for defensive posture, FD-like or bond substitutes. it's consistent churning of FCF you can bet the dividend paying ability is sustainable for a long run

Posted by Joo1818 > 2021-03-17 18:20 | Report Abuse

Broke the RM10.00 resistance & TP RM12.00 soon

Posted by kingJ > 2021-03-17 21:15 | Report Abuse

The last quarter result was very good, anyone can enlighten if its sustainable?

Posted by kingJ > 2021-03-17 21:16 | Report Abuse

Or if its going to get better

Posted by remus > 2021-03-18 10:25 | Report Abuse

Pemerkasa announcement 17-Mar-2021:
TEKUN MobilePreneur initiative expanded to include purchase or repairs of motorcycles up until RM10,000. Purchase of CKD motorcycles of 150cc and below are given excise duty exemption from April 1 to Dec 31, 2021.

above should give a big boost to motor sales ?

Posted by kywoo > 2021-03-22 12:52 | Report Abuse

Can we as shareholders ask for a copy of the minutes of the AGM to be send to us. I want to know if the requests we made in the AGM was duly recorded or were just ignored. Can someone let me know.

Posted by Fabien _the efficient capital allocator > 2021-03-24 16:30 | Report Abuse

HLI doesn't even maintain active investor relations department

Posted by observatory > 2021-03-25 00:45 | Report Abuse

@kywoo, you can find the 2020 AGM Q&A in the following page.
https://www.hli.com.my/gm_current.php#

But Q&A for past AGM cannot be located. I agree the IR is poor. There are smaller companies which have done a far better job.

Posted by Fabien _the efficient capital allocator > 2021-03-25 20:00 | Report Abuse

There ought to be some concerns, to be honest. The company is almost 80% owned by the controlling shareholder. If they choose so, they can afford not to give a damn to us.

Posted by kingJ > 2021-05-06 14:48 | Report Abuse

If based on the most recent quarter, yearly earning is rm400 mil, the pe now is only below 8. But like what @fabien said, qlc doesn't give a damn, he might just make it private, cheap cheap

Posted by kingJ > 2021-05-06 16:44 | Report Abuse

Take into the super under valued land banks, its really really mouth watering

Posted by Sardin > 2021-05-18 12:27 | Report Abuse

Malaysia motorbike TIV for Q1 2021 is about equally good as Q4 2020. I think HLIND will be doing equally well compares to the last announced quarter. Let's see the quarter report before end of this month.

Posted by kywoo > 2021-05-18 18:48 | Report Abuse

I also think the Q3 results is equally as good if not better than Q2 results ( financial year ending 30th June 2020.) When last financial year results was bad, dividend payment was immediately slashed from 50 sens to 42 sens ( a drop of 8 sens despite massive cash holding ) On that logic dividend should be restored back to 50 sens or even higher because of better results and the massive cash holding which is hardly earning any income. I really don't understand why the controlling shareholder wants to hold on to so much cash when there is no pending new project or plant expansion. The only reason I can think of is privatization.

Posted by alextan5680 > 2021-05-27 19:55 | Report Abuse

Fantastic results tomorrow gap up

Posted by Fabien _the efficient capital allocator > 2021-05-27 19:59 | Report Abuse

Good results. Back to back quarterly profit of more than 130mil

Posted by NeverLie > 2021-05-28 15:07 | Report Abuse

Undervalued stock. Worth at least rm12 with the newly released result

Posted by miketyu > 2021-05-28 16:43 | Report Abuse

RM5 cash per share.

Posted by observatory > 2021-05-30 12:54 | Report Abuse

RM5 cash per share, or about RM1.6 billion cash. It sits in Hong Leong Bank, earning peanuts for HLIND shareholders. But it is a cheap and stable source of funding for HLBANK shareholders.

You have to be a HLBANK shareholder too to enjoy the full benefit of the cash!

Posted by Pang > 2021-06-02 13:01 | Report Abuse

looking forward

Posted by usj101 > 2021-06-14 12:45 | Report Abuse

why dropping?

Posted by limkokthye > 2021-06-27 00:26 | Report Abuse

tp 3.00

Posted by kingJ > 2021-07-02 15:26 | Report Abuse

Based on 100m per q, pe is only 7.5. Fantastic price to buy.