HONG LEONG INDUSTRIES BHD
KLSE (MYR): HLIND (3301)
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Last Price
14.14
Today's Change
-0.12 (0.84%)
Day's Change
14.08 - 14.50
Trading Volume
37,100
Financial
Market Cap
4,450 Million
NOSH
315 Million
Latest Quarter
30-Sep-2024 [#1]
Announcement Date
25-Nov-2024
Next Quarter
31-Dec-2024
Est. Ann. Date
21-Feb-2025
Est. Ann. Due Date
01-Mar-2025
QoQ | YoY
42.95% | 60.33%
Revenue | NP to SH
3,204,980.000 | 440,787.000
RPS | P/RPS
1,018.32 Cent | 1.39
EPS | P/E | EY
140.05 Cent | 10.10 | 9.90%
DPS | DY | Payout %
112.00 Cent | 7.92% | 79.95%
NAPS | P/NAPS
7.02 | 2.01
QoQ | YoY
13.64% | 48.72%
NP Margin | ROE
18.20% | 19.95%
F.Y. | Ann. Date
30-Sep-2024 | 25-Nov-2024
Latest Audited Result
30-Jun-2024
Announcement Date
07-Oct-2024
Next Audited Result
30-Jun-2025
Est. Ann. Date
07-Oct-2025
Est. Ann. Due Date
27-Dec-2025
Revenue | NP to SH
3,111,424.000 | 387,897.000
RPS | P/RPS
988.59 Cent | 1.43
EPS | P/E | EY
123.25 Cent | 11.47 | 8.72%
DPS | DY | Payout %
106.99 Cent | 7.57% | 86.81%
NAPS | P/NAPS
6.70 | 2.11
YoY
33.48%
NP Margin | ROE
16.55% | 18.40%
F.Y. | Ann. Date
30-Jun-2024 | 26-Aug-2024
Revenue | NP to SH
3,718,988.000 | 562,240.000
RPS | P/RPS
1,181.63 Cent | 1.20
EPS | P/E | EY
178.64 Cent | 7.92 | 12.63%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
44.95% | 60.33%
NP Margin | ROE
20.09% | 25.45%
F.Y. | Ann. Date
30-Sep-2024 | 25-Nov-2024
Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.
Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
| Date | Financial Result | Financial Ratio | Per Share Item | Performance | Valuation (End of Quarter) | Valuation (Ann. Date) | |||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| F.Y. | Ann. Date | Quarter | # | Revenue | PBT | NP | NP to SH | Div | Net Worth | Div Payout % | NP Margin | ROE | NOSH | RPS | Adj. RPS | EPS | Adj. EPS | DPS | Adj. DPS | NAPS | Adj. NAPS | QoQ | YoY | EOQ Date | EOQ Price | EOQ P/RPS | EOQ P/EPS | EOQ P/NAPS | EOQ EY | EOQ DY | ANN Date | ANN Price | ANN P/RPS | ANN P/EPS | ANN P/NAPS | ANN EY | ANN DY |
PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.
NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.
Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.
All figures in '000 unless specified.
Discussions
7 people like this. Showing 50 of 2,573 comments
HLI disposed HLI Trading Limited to a related party. This came after the disposal of Hume Cemboard Industries 6 months ago
2023-12-12 18:33
Why HLI not moving like UP?
Sardin
Hi Lionel, I shifted my focus and got too immersed in UP.
3 weeks ago
2023-12-28 09:40
Just collect the almost 60 sen dividend every year for a yield of above 6% and sit patiently. Stock market is not just a stock picking game. It is also a waiting game.
2023-12-29 14:29
Easy peasy. Just work hard and grow your day job. Good stocks will take care of itself.
2024-01-09 09:50
Here are my other thoughts:
1. Sources say that HLIND is preparing to get involve in global EV business, partner with someone (probably to have access to the technology required). Well, I think this is not surprising because the big guy is not doing charity paying over 3 million ringgit a year to the managing director to sit there running "grocery business".
2. So far the expansion of the 400 mil RM new tile plant has nothing contracted. What I think is that HLIND might have a more attractive alternative / option so this is put a side and might finally be cancelled to give way to that more attractive investment.
3. Whether or not the 400 mil RM tile plant is to be materialised, tile demand is growing and will gain traction because Indonesia is moving to a new capital (East Kalimantan). This will spur the demand for high quality tiles and West Malaysia has the advantage as a close supply to the construction site.
That's are my 2 cents.
Hi Sardin, may I know why do you think the Tile business will improve? Any insights on this business/industry?
2024-01-11 17:47
Welcome Harry. You are in a good place. Yes, Sardin is a great guru. Would love to hear from him but he may have found an even better place. We are on our own now. Can only hold on to his past wisdoms. But stick around. May turn out to be a gem.
2024-01-15 08:52
Fabien _the efficient capital allocator
3 billion market cap company. of which 1.6 billion net cash. generates 280-300 million annual profit. very profitable company at cheap valuation. HOLD.
2024-02-15 16:15
Cool. Meantime just shake legs and collect the decent yearly dividend. Life is peaceful as it should be.
2024-02-20 11:10
Fabien _the efficient capital allocator
Wait for management to sell their non-core assets of Guocera tiles business and more bumper dividends for us.
2024-02-21 19:53
Fuiyoh .... 50 sen special dividend beat my expectations so, so, nicely!
Total dividend this year is now 70 sen. At current price of 9.57, that's still easily above 7% dividend yield.
I am applauding management and the board for not hoarding the cash!
Bravo HLIND!
2024-02-21 22:51
@raider, you echo my thoughts - double before 5 years is a majority scenario in my book too, especially after this Special Dividend landmark decision. For the first time, in a very long time, HLIND finally decided to share more of its cash with shareholders. Truly landmark.
Now is only Q2, and total dividends 70 sen, highest ever (at least past 10 years).
Nice increase from the previous 57 sen too.
This is how dividends should be managed.
Hence, can recommend higher than neutral position for long term investment.
If the price fall, you'll find me there to support and accumulate to be higher than neutral.
2024-02-21 23:04
So they are listening to all the earlier comments of giving higher dividends.
2024-02-22 11:44
The Board deserves praise for returning unused capital to shareholders through special dividend of 50 sen.
The total amount of special dividend is about RM157m, which is greater than the proceeds from disposal of HLIT (~RM36m) and HCB (~RM80m). But RM157m is only a small fraction of the latest company net cash at RM1.7b
As I’ve commented earlier, the share price will re-rate upwards if the Board returns more cash to shareholders. Today share price movement has just confirmed the point.
To reiterate my earlier comments, let’s compare against Bermaz Auto, which is probably the best run automotive local company. BAuto trailing twelve month revenue was about RM4b, supported by a net cash position of about RM400m, or about 10% of annual revenue.
Applying the same standard, HLI’s annual revenue of about RM3b needs only about RM300m of net cash as working capital. It could safely return RM1.7b - RM300m = RM1.4b of cash to shareholders without affecting its business operations. That works out to be about RM4.5 cash per share.
According to Kenanga, the passenger vehicle sector’s average forward PE is about 11 times. Applying this average, the share price is still worth 11 x RM0.927 (Kenanga’s 2024F EPS) = RM10.2.
In other words, if the Board is willing to put cash to better use, conservatively the share price could be RM10.2 plus special dividends of RM4.5! This has not even taken into account of HLI’s dominant market position. Besides, by showing it cares about minority shareholders' interest, it could enjoys an even higher PE multiple.
Moving forward, I hope the Board could give greater clarity to shareholders and the market how it would best utilise its cash.
2024-02-22 12:56
Fabien _the efficient capital allocator
They can return more cash to shareholders. They have abandoned their plan to expand Guocera tiles business. Looking at this, it's more likely they will dispose of this non core assets following recent disposals. Their annual operating cash flow amounts to at least RM500mil. This is enough to fund their entry into auto spare parts business.
2024-02-26 21:10
@Fabien, may I know where did you get the announcement that they abandoned the Guocera expansion plan?
2024-02-27 16:12
HLIND closed 10.94, touches 11, +2.24% after ex-div 50 sen dividend recently. What an amazing counter. Thanks for HLIND and 22 other green stocks to offset 12 red stocks, my portfolio made all time high again today! Thank-you Mr Market!
2024-04-08 23:14
Congrats! This is really a good counter and a wonderful business. Let's all make money from here.
2024-04-16 21:31
Is the big boss going to be stingy or generous in paying final dividend this time? I hope all the loyal shareholders get what they deserve. We don't mind the CEO to get a good pay but other shareholders should be rewarded also and given a FULL AND FAIR share of the profit in the form of dividend.
2024-04-20 23:12
This counter trading volume is very low and because of this its share price is depressed and this put minor shareholders in great disadvantages. I think the major shareholder should take care of the minor shareholders by making the share price to be at least reflecting the value of the business. This can be done by simply paying higher regular dividend as all the business under HLIND are already at matured and saturated stage. Holding back too much money is not fair to minor shareholders. This monies belong to every shareholders and so please pay it out.
2024-04-20 23:19
Welcome back Sardin. Spot on. We missed your wisdom and guidance. Hope you stay for a long time.
2024-04-22 09:13
Invest while the forum is quiet. How to maximize return? Be the early birds that discover the change of wind, and take actions. Stingy boss? Becoming generous boss? Time will tell. Will patience be rewarded? Will trust be disappointed? Time will tell. It could be never happen, or it could be really soon. The waiting is the suffering that you need to pay to be in the game.
2024-04-27 18:33
Looks like it's only you and me @Sardin. Quiet is good. Can collect discreetly. Calm before the rush to above RM11. Need to suffer the waiting as you said. Cheers.
2024-05-01 08:48
Another one month or two it will become "tourist spot" and re-pricing to RM 15 within 2 years. If Guocera is sold off then this will happen sooner.
2024-05-02 12:30
Is RM11 possible? What could potentially drive share price above RM11?
Look no further than the the effect of 50 sen special dividend announced on 21 Feb.
Just a few days before the announcement, the share was traded at around RM9.4. But share price closed at RM10.3 on the day after the announcement. It was a 90 sen gain on 50 sen dividend announcement.
On 26 Mar just before the ex-date, the share price closed at RM10.7, representing RM1.3 gain.
In other words, the 50sen special dividend announcement has moved the share price higher by RM0.9 to RM1.3.
What has actually happened?
By reducing its cash, which earns a mere 3% bank interest, the company has actually become more valuable. The company intrinsic value has increased even though its cash balance has become smaller!
It shows all the while the market has been quite rational. It discounts excessive cash held on the company’s balance sheet.
Before the special dividend announcement, every excess RM1 cash is probably valued at just 20 sen. In other words, the net cash per share of RM5.4 before SD distribution contributed just RM1 to the share price.
But when the company signaled a change in attitude by returning 50 sen to shareholder, the market started to value its cash balance higher. Each RM1 in cash was now valued at probably 40sen, i.e. the RM5.4 net cash per share was valued at RM2.1, moving the share price higher by RM1.1.
Comes next quarterly report, if the company were to announce a 39 sen regular dividend + another 50 sen special dividend, not only will share price go above RM11, it may even go beyond RM12 as the market values its cash even higher.
Instead of hoping for market action, we have to hope for the company action!
2024-05-04 18:24
Hong Leong Industries posts 51% jump in 3Q net profit on RM25m insurance compensation
https://theedgemalaysia.com/node/711898
The group declared a second interim single tier dividend of 37 sen per share for the quarter under review, with an ex-date of June 4, payable on June 25.
37 sen declared, ex-date in 2 weeks +
2024-05-17 11:02
HLIND
an A1 growth stock is in a new beginning...
the last fun to sell most likely edi sold all n feeling hyper kockily!
1st TP at $16 n ++ overshoot...
https://www.tradingview.com/x/4cxLH9gJ/
https://klse.i3investor.com/web/stock/financial-quarter/3301
https://klse.i3investor.com/web/entitlement/detail/26562_3268777993
NB: HL stocks in mpi n humeind r flying high now...
that cld be the HL mkt theme.
2024-05-17 16:50
Nice move today and the past 4 months after breakout. My average entry price is 8.94, and with dividends, have lowered that entry price down to 7.96. Haven't sold a single stock yet. Thanks to HLIND and greens offsetting reds, portfolio made new all time high again today, this month is the 10th time. Great bull run, thank-you Mr Market!
2024-05-20 18:05
Fabien _the efficient capital allocator
My cost adjusted for dividends is 5.62 and never sold a single share.
2024-05-20 19:22
HLIND
is on the explosive MAJOR C wave once again:
https://www.tradingview.com/x/1U6Clr1S/
Strong RM is the tailwind to help it makes bigger QR PAT:
https://klse.i3investor.com/web/stock/financial-quarter/3301
2024-09-23 09:46
Record revenue, record profit and record cash. With RM6 net cash per share, surely can pay more than 25 sen of dividend?
3 weeks ago
HLIND
mkt cap at $4.55 billion is just as profitable as MRDIY at $17.6 billion or 99SMART at $20.0 billion!
https://www.tradingview.com/x/MCNedsCK/
https://www.thestar.com.my/business/business-news/2024/11/25/hong-leong-industries-records-rm14056mil-in-1q-declares-25-sen-interim-dividend
https://klse.i3investor.com/web/stock/financial-quarter/3301
https://www.tradingview.com/x/C1LeETAK/
https://theedgemalaysia.com/node/735316
3 weeks ago
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Fabien _the efficient capital allocator
HLI wishes to inform that the Proposed Disposal of HCB has been completed today. Upon completion, HCB has ceased to be a subsidiary of HLI.
The Proposed Disposal was completed for an Estimated Purchase Price of RM76.13 million.
2023-12-07 20:21