LPI CAPITAL BHD
KLSE (MYR): LPI (8621)
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Last Price
11.84
Today's Change
+0.02 (0.17%)
Day's Change
11.80 - 11.86
Trading Volume
37,400
Financial
Market Cap
4,717 Million
NOSH
398 Million
Latest Quarter
31-Dec-2023 [#4]
Announcement Date
26-Feb-2024
Next Quarter
31-Mar-2024
Est. Ann. Date
20-Apr-2024
Est. Ann. Due Date
30-May-2024
QoQ | YoY
-19.30% | -5.97%
Revenue | NP to SH
1,905,416.000 | 313,726.000
RPS | P/RPS
478.29 Cent | 2.48
EPS | P/E | EY
78.75 Cent | 15.03 | 6.65%
DPS | DY | Payout %
66.00 Cent | 5.57% | 83.81%
NAPS | P/NAPS
5.72 | 2.07
QoQ | YoY
-1.56% | 13.42%
NP Margin | ROE
16.46% | 13.76%
F.Y. | Ann. Date
31-Dec-2023 | 26-Feb-2024
Latest Audited Result
31-Dec-2023
Announcement Date
29-Feb-2024
Next Audited Result
31-Dec-2024
Est. Ann. Date
28-Feb-2025
Est. Ann. Due Date
29-Jun-2025
Revenue | NP to SH
1,905,416.000 | 313,726.000
RPS | P/RPS
478.29 Cent | 2.48
EPS | P/E | EY
78.75 Cent | 15.03 | 6.65%
DPS | DY | Payout %
66.00 Cent | 5.57% | 83.81%
NAPS | P/NAPS
5.72 | 2.07
YoY
13.42%
NP Margin | ROE
16.46% | 13.76%
F.Y. | Ann. Date
31-Dec-2023 | 26-Feb-2024
Revenue | NP to SH
1,905,416.000 | 313,726.000
RPS | P/RPS
478.29 Cent | 2.48
EPS | P/E | EY
78.75 Cent | 15.03 | 6.65%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
0.06% | 13.42%
NP Margin | ROE
16.46% | 13.76%
F.Y. | Ann. Date
31-Dec-2023 | 26-Feb-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
3 people like this. Showing 50 of 483 comments
Why can’t they just publish when to expect the results out? Is it against the law? I see US companies are very transparent. In Malaysia it’s like a surprise
2021-07-22 12:24
For non financial institution yes. But for LPI cant, because it is a financial institution which need to get the approval from BNM for their QR first before it can be released.
2021-07-22 16:44
8.42% rise in net profit for 2Q FY 2021 (to RM109.89 mil) and 29 sen dividend/share.
2021-08-05 12:57
LPI steady as always. Dividend ex-date on August 20th. PBT increased about 10% compared to Q1. Claims incurred ratio also going even lower to 35.8% payout which is basically unheard of for Malaysian insurance.
2021-08-05 15:48
As cars stood idle in people’s driveways and roads were largely deserted during the Covid-19 lockdown (MCO), the number of claims made on motor insurance policies fell sharply.
2021-08-09 18:32
Most of LPI profit comes from Fire insurance. Do you think this model is sustainable?
because their fire insurance is bundled with public bank mortgage, and sell at high mark up. If government start to regulate them, will LPI profit fall drastically?
2021-09-06 07:38
Fire insurance is mandatory every single year to be paid by every single condo owner. How often does a condo unit ever burn down? Worthwhile reading below.
https://www.thestar.com.my/business/business-news/2020/02/18/fire-insurance-review-would-not-be-overly-detrimental-to-lpi
LPI is one of those companies you can just buy and forget about, and just keep collecting dividends far higher than your bank FD rate. The best listed insurance company in Malaysia, always profitable rain or shine and consistent dividend payer. Sadly, it no longer has the 15-20%+ compounded annual growth it used to have 10 years ago - mainly just a dividend stock now.
2021-09-14 22:21
Lawman thank you for the good article on fire insurance.
the problem here is that LPI's fire insurance price is much higher than Great eastern. Public bank bundle LPI fire insurance into their mortgage and force borrowers to buy it at about 50% more expensive than market rate.
If bank negara allow borrowers to freely choose their fire insurer, then LPI could suffer?
2021-09-19 14:07
unicornbird Okay so LPI Gross Written Premiums for Fire insurance in 2020 accounts for 41% of total premiums but accounts for the lions share of underwriting surplus at ~64%. I don't really benchmark between the various insurance providers but it seems that fire insurance only amounts to about RM100+ or less for a typical KL condo per year. This is based on amounts I have been paying for my KL condo properties which non seem to use LPI as the master fire insurance provider.
Not sure how price sensitive customers are as typically condo management committee will be the ones who chooses which insurance provider to use and get a master fire insurance title for the whole condo building. Public Bank bundling mortgage with fire insurance will go on unless government makes a law against this type of practice but in the meantime LPI will keep benefiting as Public Bank customers will keep using the LPI insurance.
2021-09-19 22:03
So I think issues on fire insurance are quite negligible to LPIs earnings for at least the near/mid term. What is more pressing is that Tan Sri owns ~44% of LPI and at age 91 nobody or at least very few know what will happen in the future to these controlling shares. Who will take over the 44% ownership of LPI and how will LPI management and structure/culture be at that time....
2021-09-19 22:08
Lawman thank you for sharing your experience.
the founder's age is also my main concern about buying into LPI & Public bank. they may be taken over by other shareholders which can't manage well.
Fire insurance can be extremely price sensitive, as we move into digital age. they could be bundled into Grab's / Lazada's online packages. LPI benefit currently from gov's ignorance, but don't think the situation will remain for long. Everyone eyeing the fat pie
I dislike also about LPI's focus on fire. If they have more diversified like life insurance, hospitalization, etc. At least they can buffer for shocks
2021-09-21 13:57
I ask the following question in MNRB forum but no response. Maybe someone here is able to help:
for an insurance company, the problem is usually the motor claims. Do insurance companies benefited from lockdown as there are less motor theft? Could someone in the general insurance industry please enlighten us?
2021-10-18 09:49
goody i think insurance company benefit from it. Less traffic, less accident, less payout. But premium is the same
2021-11-21 16:40
https://youtu.be/Fyp5TgesJwY
EP7:Public Bank,Maybank,CIMB ,Hong Leong Bank,LPI Capital Target Price & Technical Analysis！
2021-12-17 19:00
Prospect for "angpow" is probably keeping LPI's share price steady. Can LPI also usher in the prospect of a bonus issue in the Year of the Tiger?
2022-01-22 08:40
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥
All values MYR Thousands.
2021
2020
2019
2018
2017
5-year trend
Cash Dividends Paid - Total
(290,820.0)
(282,852.0)
(274,884.0)
(252,973.0)
(272,228.0)
====
KEY STOCK DATA
P/E Ratio (TTM)
16.90(05/18/22)
EPS (TTM)
RM0.81
Market Cap
RM5.43 B (RM 13.74 per share)
Shares Outstanding
N/A
Public Float
145.76 M
Yield
5.39%(05/18/22)
Latest Dividend
RM0.449999988(03/02/22)
2022-05-18 20:19
Anyone know why the profit drop so much? is it because fire insurance is liberalized?
2022-11-08 09:03
only 35cents dividend???? will sell my share after taking the dividend.PBB also not doing well. may sellmy Pbb shares as well
2023-02-08 02:04
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Security LastPr PE DY% Divcts ROE ttm-marg
LPI (Insurance) 12.08 17.4 5 60 12.7 16.7
2023-03-30 16:47
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
LPI Capital's 2Q net profit up 19% on stronger general insurance contribution
By Justin Lim / theedgemalaysia.com
25 Aug 2023, 06:21 pm
main news image
KUALA LUMPUR (Aug 25): LPI Capital Group Bhd’s net profit rose 19.42% to RM63.94 million in the second quarter ended June 30, 2023 (2QFY2023), from RM53.52 million a year ago, driven by higher earnings contribution from the general insurance segment amid higher investment return. Earnings per share increased to 16.05 sen from 13.44 sen.
Revenue came in at RM462.36 million, 14.39% higher than the RM404.22 million reported for 2QFY2022, on the back of higher insurance revenue, according to the group's bourse filing on Friday (Aug 25).
The insurer, founded by the late banking magnate Tan Sri Teh Hong Piow, declared a first interim dividend of 26 sen per share, compared to 25 sen last year. Totalling RM103.6 million, the dividend represents 75.2% of the group’s net profit attributable to shareholders. It will be paid on Sept 20.
For the cumulative six months ended June 30, LPI Capital's net profit grew 16.34% to RM137.78 million, from RM118.42 million in the previous January-June period, as revenue expanded 12.84% to RM925.66 million from RM820.31 million.
The better first-half profitability was contributed by higher profit contributions from the general insurance segment, which recorded higher investment return due to net fair value gains of RM17 million in its investment portfolio, compared with net fair value losses of RM11.1 million previously.
The increase in revenue for the six-month period was also driven by the general insurance segment. However, it was offset by the investment holding segment, which recorded lower contributions due to lower dividends received.
Looking ahead, LPI said it will continue efforts to expand its insurance market share, especially in the fire and miscellaneous accident insurance segments.
On top of that, it will also seek new opportunities through various government initiatives.
“With prudent underwriting and claims management as its core business philosophy, LPI group also aims to improve the insurance service result in the second half of FY2023,” the group added.
At Friday's closing bell, LPI shares settled unchanged at RM11.86, valuing the group at RM4.73 billion. Over the past one year, the stock has dropped 10%.
2023-08-26 17:36
Fabien _the efficient capital allocator
No one likes LPI anymore? except 3i of course
2023-09-28 10:17
Have a feeling LPI will announce its 4Q FY2023 financial results today (alongside the much awaited dividends).
1 month ago
if u guys attend the AGM , when the shareholders asking the top management bout the opinion of depression of the share price recently, the ego aging management response is " we think that our share performance is doing very well".....SPEEECHLESS ,GIVING SAME STANDARD ANSWER LIKE PUBLIC BANK MANAGEMENT, REALLY SISTER COMPANY
1 week ago
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2nd QR results should be out very soon d~~~~~
2021-07-12 17:06