HONG LEONG INDUSTRIES BHD

KLSE (MYR): HLIND (3301)

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Last Price

13.78

Today's Change

-0.48 (3.37%)

Day's Change

13.78 - 14.28

Trading Volume

42,400

Financial

Show?
Last 10 FY Result
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Revenue 3,111,424 3,111,111 3,111,424 3,416,400 2,466,417 2,633,096 2,313,482 2,750,382 2,502,966 2,282,115 2,190,629 2,138,898 4.24%
PBT 661,651 661,651 661,651 512,112 376,984 472,276 322,771 500,774 464,397 192,309 343,144 300,500 9.15%
Tax -146,824 -146,824 -146,824 -118,559 -99,326 -86,089 -83,420 -91,477 -62,045 -41,350 -52,564 -81,978 6.68%
NP 514,827 514,827 514,827 393,553 277,658 386,187 239,351 409,297 402,352 150,959 290,580 218,522 9.98%
-
NP to SH 387,897 387,897 387,897 290,606 210,939 291,882 169,318 327,085 334,593 103,087 247,223 173,232 9.36%
-
Tax Rate 22.19% 22.19% 22.19% 23.15% 26.35% 18.23% 25.84% 18.27% 13.36% 21.50% 15.32% 27.28% -
Total Cost 2,596,597 2,596,284 2,596,597 3,022,847 2,188,759 2,246,909 2,074,131 2,341,085 2,100,614 2,131,156 1,900,049 1,920,376 3.40%
-
Net Worth 2,108,543 2,108,543 2,108,543 2,029,331 1,906,021 1,866,829 1,677,336 1,626,483 1,471,498 1,269,175 1,301,498 1,187,154 6.58%
Dividend
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Div 336,737 336,668 336,737 179,336 163,553 163,426 131,925 156,996 146,837 139,299 129,533 89,421 15.85%
Div Payout % 86.81% 86.79% 86.81% 61.71% 77.54% 55.99% 77.92% 48.00% 43.89% 135.13% 52.40% 51.62% -
Equity
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Net Worth 2,108,543 2,108,543 2,108,543 2,029,331 1,906,021 1,866,829 1,677,336 1,626,483 1,471,498 1,269,175 1,301,498 1,187,154 6.58%
NOSH 327,903 327,903 327,903 327,903 327,903 327,903 327,903 327,903 327,903 327,905 308,411 308,351 0.68%
Ratio Analysis
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
NP Margin 16.55% 16.55% 16.55% 11.52% 11.26% 14.67% 10.35% 14.88% 16.08% 6.61% 13.26% 10.22% -
ROE 18.40% 18.40% 18.40% 14.32% 11.07% 15.64% 10.09% 20.11% 22.74% 8.12% 19.00% 14.59% -
Per Share
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
RPS 988.67 988.57 988.67 1,085.86 784.17 837.82 736.52 875.94 801.15 737.22 710.29 693.66 4.01%
EPS 123.28 123.26 123.28 92.38 67.09 92.87 53.92 104.20 107.77 33.37 80.16 56.18 9.11%
DPS 107.00 107.00 107.00 57.00 52.00 52.00 42.00 50.00 47.00 45.00 42.00 29.00 15.59%
NAPS 6.70 6.70 6.70 6.45 6.06 5.94 5.34 5.18 4.71 4.10 4.22 3.85 6.34%
Adjusted Per Share Value based on latest NOSH - 327,903
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
RPS 948.89 948.79 948.89 1,041.89 752.18 803.01 705.54 838.78 763.33 695.97 668.07 652.30 4.24%
EPS 118.30 118.30 118.30 88.63 64.33 89.01 51.64 99.75 102.04 31.44 75.40 52.83 9.36%
DPS 102.69 102.67 102.69 54.69 49.88 49.84 40.23 47.88 44.78 42.48 39.50 27.27 15.85%
NAPS 6.4304 6.4304 6.4304 6.1888 5.8128 5.6932 5.1153 4.9603 4.4876 3.8706 3.9692 3.6204 6.58%
Price Multiplier on Financial Quarter End Date
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Date 28/06/24 28/06/24 28/06/24 30/06/23 30/06/22 30/06/21 30/06/20 28/06/19 29/06/18 30/06/17 30/06/16 30/06/15 -
Price 11.12 11.12 11.12 8.96 8.71 9.22 8.01 11.28 11.36 10.14 8.33 4.43 -
P/RPS 1.12 1.12 1.12 0.83 1.11 1.10 1.09 1.29 1.42 1.38 1.17 0.64 6.40%
P/EPS 9.02 9.02 9.02 9.70 12.99 9.93 14.86 10.83 10.61 30.45 10.39 7.89 1.49%
EY 11.08 11.08 11.08 10.31 7.70 10.07 6.73 9.23 9.43 3.28 9.62 12.68 -1.48%
DY 9.62 9.62 9.62 6.36 5.97 5.64 5.24 4.43 4.14 4.44 5.04 6.55 4.35%
P/NAPS 1.66 1.66 1.66 1.39 1.44 1.55 1.50 2.18 2.41 2.47 1.97 1.15 4.15%
Price Multiplier on Announcement Date
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Date 26/08/24 26/08/24 26/08/24 23/08/23 19/08/22 20/09/21 26/08/20 29/08/19 28/08/18 17/08/17 18/08/16 21/08/15 -
Price 11.24 11.24 11.24 8.93 9.30 8.90 7.62 10.50 11.46 9.78 9.48 4.99 -
P/RPS 1.14 1.14 1.14 0.82 1.19 1.06 1.03 1.20 1.43 1.33 1.33 0.72 5.23%
P/EPS 9.12 9.12 9.12 9.67 13.87 9.58 14.14 10.08 10.70 29.37 11.83 8.88 0.29%
EY 10.97 10.97 10.97 10.34 7.21 10.44 7.07 9.92 9.35 3.41 8.46 11.26 -0.28%
DY 9.52 9.52 9.52 6.38 5.59 5.84 5.51 4.76 4.10 4.60 4.43 5.81 5.63%
P/NAPS 1.68 1.68 1.68 1.38 1.53 1.50 1.43 2.03 2.43 2.39 2.25 1.30 2.88%

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 2,570 comments

Sardin

I dropped you a Christmas card. Search your mailbox.

2023-12-01 21:56

stockraider

Attractive earnings & div stock mah!

2023-12-03 10:28

Leesa688

Thanks Sardin for all your input here and UP.

2023-12-04 20:31

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

observatory

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

chamlo

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

lionel messi

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

alexnada

Well said.
the waiting part is never easy.

2023-12-29 15:01

lionel messi

Easy peasy. Just work hard and grow your day job. Good stocks will take care of itself.

2024-01-09 09:50

HarryBottle

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

lionel messi

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

stockraider

Good bluechip investment mah!

2024-02-01 12:44

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

DividendGuy67

Post removed.Why?

2024-02-18 08:08

stockraider

Go for it longterm loh....next 4 yrs can above Rm 20.00 mah!

2024-02-18 12:50

lionel messi

Cool. Meantime just shake legs and collect the decent yearly dividend. Life is peaceful as it should be.

2024-02-20 11:10

ongkkh

insider knew the div and buy in advance

2024-02-21 18:51

Fabien _the efficient capital allocator

Special dividend 50 sen 😋

2024-02-21 19:49

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

DividendGuy67

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

EngineeringProfit

Yum...yum...big angpow

2024-02-21 22:55

DividendGuy67

@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

cch1042

Do you guys is worth for me to switch from TENAGA to HLI ?

2024-02-22 11:27

Leesa688

So they are listening to all the earlier comments of giving higher dividends.

2024-02-22 11:44

observatory

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

observatory

@Fabien, may I know where did you get the announcement that they abandoned the Guocera expansion plan?

2024-02-27 16:12

SGX6138

Good dividend counter. Just need to hang on tight.

2024-04-05 15:26

DividendGuy67

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

SGX6138

Congrats! This is really a good counter and a wonderful business. Let's all make money from here.

2024-04-16 21:31

Sardin

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

Sardin

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

lionel messi

Welcome back Sardin. Spot on. We missed your wisdom and guidance. Hope you stay for a long time.

2024-04-22 09:13

Sardin

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

Sardin

~ Sardin, 27 Apr 2024

2024-04-27 18:35

Sardin

So quiet, I think I come back here after 2 months.

2024-04-30 16:47

lionel messi

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

Sardin

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

observatory

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

KingKKK

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

PureBULL ...

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

Sardin

Aiyo, wait for me, wait for me

2024-05-17 18:54

DividendGuy67

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

Fabien _the efficient capital allocator

New high above 12.40

2 months ago

Leesa688

Really moving this couple of days. Good news?

2 months ago

lionel messi

Quality stock with strong fundamentals and great prospects.

2 months ago

PureBULL ...

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


1 month ago

zildjian

tp RM25

1 month ago

UnicornP

Wait 20k volume.

1 month ago

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