this counter is picking up slowly. RM6.00 to RM6.50 shouldn't be problem. This counter is the subsidiary of HL Finance who is controlling about 75% (my estimate). Foreign investors are holding 2.9%, whereas top 30 shareholders are holding 94% (+/-). Balance float circulating in the market is only 3% To 4% only, that is why the counter is less active. Sooner or later, it will shoot up sky high. If you have already bought the counter, be patient , the fortune and luck will come to you soon.
Penanglang, once you are on the trading page, look for Research on the top of the trading page, you will see the word EQUITIESTRACKER, click on Malaysia (Not Singapore), key in the name of the counter you are looking for, (HLCAP), it appears a row of information for you to choose, there are balance sheet, capital, dividend, directors, snapshot and so on. hopefully you are successful to get the information which you are looking for.
This counter always drops in the morning and rebounds in the afternoon before closing time. It is likely to avoid contra players in this counter. hopefully it is moving up slowly.
Our investment banking subsidiary, HLIB’s net profit after tax increased 151.1% y-o-y to RM176.6 million, supported by higher profit contribution from its stockbroking division and investment banking division. HLIB contributed 86.9% of HLCB Group’s profit after tax.
Our stockbroking division benefited from higher market activity for FY21, with transaction volume increasing by 91% y-o-y. Thesignificantly higher retail participation during this year has also led HLIB to achieve a higher market share. Profit contribution for FY21 increased by 2.2 times compared to the previous financial year.
The better performance of the investment banking division was underpinned by stronger revenue from treasury and markets, as well as improved deal flows from the debt and equity market units during the year.
The Bank continued to exercise fiscal prudence and our operating expenses (“Opex”) remained tightly controlled with Cost-to-Income ratio improving to 43.3%. The Bank will continue to focus on strategic cost management initiatives to manage our cost structure.
Capital position remained robust, with Common Equity Tier 1, Tier 1 and Total Capital Ratios at 34.4%, 34.4% and 45.3% respectively as at 30 June 2021.
HLIB has started integrating Environmental, Social and Governance (“ESG”) assessments into their investment banking and financing activities based on the guiding principles outlined in its ESG Risk Guidance Note. The assessments cover the economic activities of prospective clients and their broader impact to the environment.
Our research team has also produced ESG-related write-ups and reports to cater to the growing focus on ESG investing from our clients. Some topics covered in our FY21 briefing and takeaway reports include ESG updates of stock picks, as well as thematic ESG reports for the banking industry.
The fund management business of HLCB Group, undertaken via our subsidiary, Hong Leong Asset Management Berhad Group (“HLAM”) recorded a drop in profit after tax by 10.8% due to lower average assets under management (“AUM”) during this year compared to 30 June 2020.
The low interest rate coupled with mobility restrictions imposed under the MCO had led to renewed interest in the stock markets. Trading volumes surged and many investors took the opportunity to switch out of money market funds into equity investments in search of higher investment return. HLAM also experienced similar withdrawals on some of the money market funds under our management.
For the calendar year 2021, HLAM continued to focus and emphasize on fund performance, winning 9 individual Refinitiv Lipper Fund awards and the Best Equity Group - Provident Group award (for EPF approved funds only), which is a highly coveted award.
The Islamic fund management subsidiary of HLAM, Hong Leong Islamic Asset Management (“HLISAM”) which started its business operations in January 2020 had encountered limitations in their marketing activities due to the MCO. For the coming months, the team will work closely with HLAM, their distributors and clients via the digital platform and virtual engagements to build AUM.
HLAM and HLISAM have, in measurable ways, embedded socially responsible investing (“SRI”) via their Shariah funds and green investing into the investment process.
this counter has been suspended for 5 years and relisted on the 13 of Nov. 2020. during the 1st day of relisting, its opening price went up to the highest of RM8.80 and later kept on dropping to the lowest of about RM5.80. The company recently has announced its financial results of making profit of 203.287 million, increased 115.83% compared to last year's profit. The Board has recommended and declared that 26 cts dividend to be paid out this year, actual date to be confirmed later. This counter is controlled by 30 largest shareholders of about 95 to 97%, the trading volume is therefore not so volatile. I personally opine that before the EX Date for dividend, reaching RM7.00 is not a problem. This counter is a subsidiary of Hong Leong Finance which controls about 75%( + - ). There is no change in its paid up capital so far, still remaining of 246.896 millions shares. Since it IPO and listing in BURSA 8 years ago, its highest price went up to RM14.00 plus. I consider this counter is good for long-term investment The above is my prediction and not an advice to anyone involved in this counter to buy or sell, you may buy and sell at your own risk.
RM6.65 is the highest price done since the 1st of December 2020 after the company rel-listing in November 2020. Aiming for RM7.00 is not a problem, be patient and hold it, you will achieve your goal at RM7.00 or even higher. good luck.
I have paid attention on this counter and have noticed that this counter will never be up since the opening of market in the morning till afternoon around 4.40pm. it will be up only before the closing bell at 5.00 pm. I am still holding the shares and waiting for the entitlement till the end of this month. Dividend to be distributed in the month November 2021,. it is long way to go, must be patient to hold it. Hopefully it will reach RM7.00 by next week.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
pangolin
1,049 posts
Posted by pangolin > 2021-06-03 11:09 | Report Abuse
How come share prices doesn’t move with good results ?