LEONG HUP INTERNATIONAL BERHAD

KLSE (MYR): LHI (6633)

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Last Price

0.59

Today's Change

0.00 (0.00%)

Day's Change

0.58 - 0.60

Trading Volume

17,121,800

Financial

Show?
Last 10 FY Result
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 CAGR
Revenue 9,325,766 9,407,358 9,539,512 9,042,702 7,153,520 6,040,664 6,054,757 5,746,572 10.66%
PBT 681,769 694,604 554,745 326,555 140,315 157,127 288,772 348,575 9.73%
Tax -115,397 -125,096 -124,924 -82,681 -44,425 -39,603 -75,784 -101,822 4.17%
NP 566,372 569,508 429,821 243,874 95,890 117,524 212,988 246,753 11.73%
-
NP to SH 384,120 369,691 301,737 218,891 85,403 113,146 150,580 186,185 10.13%
-
Tax Rate 16.93% 18.01% 22.52% 25.32% 31.66% 25.20% 26.24% 29.21% -
Total Cost 8,759,394 8,837,850 9,109,691 8,798,828 7,057,630 5,923,140 5,841,769 5,499,819 10.61%
-
Net Worth 2,338,312 2,336,871 2,236,720 2,004,945 1,802,735 1,713,309 1,641,040 1,300,916 11.44%
Dividend
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 CAGR
Div 133,882 100,361 109,500 - 24,090 20,075 58,400 - -
Div Payout % 34.85% 27.15% 36.29% - 28.21% 17.74% 38.78% - -
Equity
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 CAGR
Net Worth 2,338,312 2,336,871 2,236,720 2,004,945 1,802,735 1,713,309 1,641,040 1,300,916 11.44%
NOSH 3,651,330 3,649,081 3,650,000 3,650,000 3,650,000 3,650,000 3,650,000 3,397,536 1.44%
Ratio Analysis
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 CAGR
NP Margin 6.07% 6.05% 4.51% 2.70% 1.34% 1.95% 3.52% 4.29% -
ROE 16.43% 15.82% 13.49% 10.92% 4.74% 6.60% 9.18% 14.31% -
Per Share
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 CAGR
RPS 255.41 257.80 261.36 247.75 195.99 165.50 165.88 169.14 9.08%
EPS 10.52 10.13 8.27 6.00 2.34 3.10 4.23 5.48 8.57%
DPS 3.67 2.75 3.00 0.00 0.66 0.55 1.60 0.00 -
NAPS 0.6404 0.6404 0.6128 0.5493 0.4939 0.4694 0.4496 0.3829 9.85%
Adjusted Per Share Value based on latest NOSH - 3,651,330
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 CAGR
RPS 255.38 257.62 261.23 247.63 195.90 165.42 165.81 157.37 10.66%
EPS 10.52 10.12 8.26 5.99 2.34 3.10 4.12 5.10 10.11%
DPS 3.67 2.75 3.00 0.00 0.66 0.55 1.60 0.00 -
NAPS 0.6403 0.6399 0.6125 0.549 0.4937 0.4692 0.4494 0.3562 11.44%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 CAGR
Date 30/09/24 30/09/24 29/12/23 30/12/22 31/12/21 31/12/20 31/12/19 - -
Price 0.70 0.70 0.565 0.495 0.525 0.685 0.88 0.00 -
P/RPS 0.27 0.27 0.22 0.20 0.27 0.41 0.53 0.00 -
P/EPS 6.65 6.91 6.83 8.25 22.44 22.10 21.33 0.00 -
EY 15.03 14.47 14.63 12.12 4.46 4.53 4.69 0.00 -
DY 5.24 3.93 5.31 0.00 1.26 0.80 1.82 0.00 -
P/NAPS 1.09 1.09 0.92 0.90 1.06 1.46 1.96 0.00 -
Price Multiplier on Announcement Date
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 CAGR
Date 26/11/24 26/11/24 27/02/24 28/02/23 22/02/22 23/02/21 18/02/20 - -
Price 0.66 0.66 0.715 0.495 0.545 0.70 0.775 0.00 -
P/RPS 0.26 0.26 0.27 0.20 0.28 0.42 0.47 0.00 -
P/EPS 6.27 6.51 8.65 8.25 23.29 22.58 18.79 0.00 -
EY 15.94 15.35 11.56 12.12 4.29 4.43 5.32 0.00 -
DY 5.56 4.17 4.20 0.00 1.21 0.79 2.06 0.00 -
P/NAPS 1.03 1.03 1.17 0.90 1.10 1.49 1.72 0.00 -

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
2 people like this. Showing 50 of 2,621 comments

GLNT

Investment bankers and brokers syok sendiri, buy sell buy sell...Yawn..

2 months ago

SMInvest

hold tight

1 month ago

Mikecyc

Current Ratio 1.32
Debt-Equity (DE) Ratio 1.54
FCF Yield 2.24 %
Revenue QoQ -2.32 %
Revenue YoY -2.44%

1 month ago

Mikecyc

Haha Warchest is it a bad company with bad management that managed until High Debt !!!

1 month ago

Mikecyc

Haha this is not a Good Sign le :

Change in Principal Officer

LEONG HUP INTERNATIONAL BERHAD

Date of change 01 Jan 2025
Name MR CHONG CHOON YENG
Age 53
Gender Male
Nationality Malaysia
Type of change Appointment
Designation Chief Financial Office

1 month ago

Mikecyc

Haha some more Total Assets is Reduced by RM 115 million from Dec 2023 to June 2024 !

1 month ago

Income

Posted by Mikecyc > Nov 6, 2024 7:10 PM | Report Abuse

Haha some more Total Assets is Reduced by RM 115 million from Dec 2023 to June 2024 !

?


Bravo, Mcyc dug out all hanky panky.
U are the best!

1 month ago

Mikecyc

Haha alamak on DY :

2019 : 2.06 %

2020 : 0.79 %

2021 : 1.21 %

20222 : 0.0 %

2023 : 4.20 %

The worst is since Listed on 2019 ..Price is down only from ard RM 1.07 …until 52W : 0.510 —- 0.775

> is a bad company with bad management…. Better put in FD with higher Return … what is yr point of views , Warchest ?

1 month ago

Mikecyc

Haha QR ended June 2024… Profit RM 96.5 million but Total Assets is reduced by RM 115 million !

1 month ago

GLNT

Net Asset increasing lah..aiyo

1 month ago

GLNT

Who calculate total assets? Don't have liabilities? Money earned used to pay down debts, net asset increasing lor...this is the most basic accounting...aiyo

1 month ago

Mikecyc

Leong Hup International Berhad (KLSE:LHI) investors are sitting on a loss of 19% if they invested five years ago

1 month ago

Mikecyc

Haha that’s why …

Change in Principal Officer

LEONG HUP INTERNATIONAL BERHAD

Date of change 01 Jan 2025
Name MR CHONG CHOON YENG
Age 53
Gender Male
Nationality Malaysia
Type of change Appointment
Designation Chief Financial Office

1 month ago

GLNT

Hahaha! Good news then. A change in direction

1 month ago

Mikecyc

Haha Warchest what a bad company with bad management le … teruknya sampai Huge Debt !!

1 month ago

lazzo88

Ya, the price is way below its IPO price, Mikecyc

2 weeks ago

Eggplant

That's bad ... https://theedgemalaysia.com/node/736822

2 weeks ago

GLNT

Finally, get it over and done with. No more negative news is pending. Stock can start flying. Please sell all your holdings for me to accumulate. Terima kasih

2 weeks ago

chamlo

So LHI must pay >RM 80 million in fine?
https://theedgemalaysia.com/node/736822

2 weeks ago

SMInvest

GLNT@ hold tight

2 weeks ago

ckwee168

In consultation with its external legal counsels, the Company’s wholly owned subsidiary, LFM will file an application for leave to institute judicial review proceeding against the CAT Decision on Stay and seek an ad interim stay order in relation to the MyCC’s Decision requiring payment of the financial penalty.

LHI is now taking the case to Court to appeal against the Tribunal's decision; and to seek Court's intervention to "put on hold" the order for immediate payment of the fine imposed ..

2 weeks ago

supersaiyan3

在這個事情上，他們的麻煩還不止如此。

2 weeks ago

speakup

LHI already made impairment in Q1 results, so what's the issue now?

2 weeks ago

warchest

U see the free cashflow every quarter. one quarter also more than enough to pay the settlement. For LHI, it's easy peasy

2 weeks ago

Ravetidus

@speakup, not good to mislead fellow investors, this is a penalty (fine), there is no impairment per say, this amount previously was disclosure as a contingent liability but now since they lost the appeal, will be reflected in the coming quarter results

2 weeks ago

cheated

Why down 4 sen today if like nothing happened?

2 weeks ago

cheated

What if the fine keep continue and not 1 off? Flood in many places sure govn need money.

2 weeks ago

trader808

1. All these while since 2023 when the appeal proceeding is still on going, Leong Hup has treated the legal penalty as a Contingent Liability. Hence it is placed and categorized as an off-balance sheet item.

2. when it is place as an off-balance item, the penalty and payment is assumed to be 50%/50% chance and hence payment is only considered possible -> Disclose a contingent liability.

3. Last Friday LHI in its filing with Burse confirmed CAT has rejected its appeal and uphold the MYCC verdict and the payment of 157m penalty.
When this happened, the penalty has become greater than 50% and the payment is highly probable.

4 Going forward LHI may have to respect the verdict, recognize the penalty and makes a provision and charge it against profits in P/L accounts.

5 Despite the decision, the Company together with its legal team still try their best with determination to downplay the situation. Actually, the legal notice by MyCC has been issued since 2023, but Leong Hup has continued to disclose it only as a contingent liability up to the latest quarter.

6 IMPORTANT NOTE (in December 2024 latest news):
Competition Appeal Tribunal (CAT) has rejected the request by LHI's subsidiary, (LFM) to pause or temporarily stop ("stay") the enforcement of the fine. This means that as of now, LFM is STILL REQUIRED TO PAY THE PENALTY.

7LHI in its filling with Bursa again to inform investors it intends to seek another type of temporary relief known as ad-interim to stop the enforcement of the fine while the review is ongoing. There is no guarantee that the review is forthcoming.

8 In my opinion, the payment of penalty seems highly probable now considering the latest news and decision by CAT. Auditors are RISK-AVERSE and will definitely require a provision to be recognized in the coming quarter results. In the end as much as we may not like it but a fall in profits by the provisional amount of RM157m is reasonably expected.

9 This has been a disturbing news for LHI and Market has reacted somewhat negatively. It is now traded at 60sen down 4 sen.

10 This is my personal perception and opinion on LHI.
This is not a recommendation to buy or sell and much less intended to influence your strategy and decision.

11 Happy trading
9/12/2024



2 weeks ago

Chipee

Go to high court just like GRAB against MyCC. GRAB won the case. So this is expected with LHI to all the way to High Court.

2 weeks ago

warchest

we have precedent like the case of Grab. LHI just need to file in application of judicial review with Court of Appeal. Eventually Grab won. Just keep fighting

2 weeks ago

Ravetidus

refer to the evidence shared by MyCC (including messages), then only u can make informed decision

2 weeks ago

GLNT

Share buybacks incoming. First time ever in history

2 weeks ago

Chipee

Have to see the context of the messages. Peers in any industry always in communication. If their conversation is about cost of corn and soybeans are going up. That's just stating facts. As peers and also competitors, conversation on HOW MUCH they are increasing their price is like revealing their secret and no experience business people will do especially on commoditize products. Pricing is their advantage.

Ravetidus

refer to the evidence shared by MyCC (including messages), then only u can make informed decision

2 weeks ago

GLNT

Share buybacks everyday, following Shin Yang?

2 weeks ago

Eggplant

PPB has filed judicial review against MyCC. How about LHI ...?

2 weeks ago

markgold

Be greedy when others are fearful.

2 weeks ago

warchest

It is undervalued. They have the regional exposure not only in Malaysia but all the major jurisdictions in ASEAN, catering over 700mil population. just started their share-buy back but already purchase >5mil shares - more to go. Even the worst outcome - they need to commit to the fine of RM155mil, within a quarter they already settled it with their strong free cashflow

1 week ago

protoking

big big selling pressure, see whether they can withstand

1 week ago

GLNT

Boss happily buys 3mil shares everyday

1 week ago

Eggplant

The company buys back shares, not the boss

1 week ago

SMInvest

There are many benefits to a company buying back its own shares, including:
Increased earnings per share (EPS)
Repurchasing shares lowers the capital base, which increases EPS. This can make a company's earnings growth appear better than it actually is.
Higher dividend yield
After a share buyback, a company can benefit from a higher dividend yield.
Attracting new investors
A buyback can boost a stock's EPS, which can reduce its P/E ratio. This can make the stock appear more attractive to new investors.
Rewarding shareholders
A buyback allows a company to return money to shareholders, especially if the company believes its shares are undervalued.
Tax efficiency
A share buyback can be taxed at a lower rate than dividends.
Defense against hostile takeover
A company can use a share buyback to create a defense plan against a hostile takeover.
Offsetting stock-based compensation
A company can use a buyback to cover up stock issuance to managers, which dilutes shareholder ownership.
Efficient use of cash
A company with substantial cash reserves can efficiently use its money by buying back shares.

6 days ago

stevenckheng

so much treasury share, gonna issue bonus and warrant ?

6 days ago

speakup

Likely share dividend coming

6 days ago

Chipee

Share dividend will not subject to 2% tax right?

5 days ago

gankm

5 years ago the IPO price is $1.10, now the price is only $0.60. As long as the share price cannot goes above $1.10, LHI definitely a bad company with bad management that only care for themself and their own pocket.

1 day ago

trader808

1.In 2019 LHI has IPO up to 937.5m shares of which 687.5m shares were offered for sales and the remaining 250m shares were public issue of new shares to institutions and the investing public.

2. The scheme of the IPO also means that the owner has cash out 687.5 x 1.10 = RM 756.25m immediately after listing. Hence, with that kind of fortune , it is not surprising that they care little about the company share price performance.

3. Despite its remarkable and commendable profit performance of 218m in 2022 and 301m in 2023 and the 9 month cumulative profit of 288m in 2024, the counter is trading at an absurdly disheartening PE of 5.8x with the share price as low as 59sen. That is a disastrous collapse of 46% from its IPO with little sign of recovery in the near future.

4 In addition, the company is now burdened with a penalty of 157m fines by MYCC. Until this is resolved and paid, the bears will continue to charge and push down the share price.

5 Management has come to its sense and come forward to defend its falling share price by aggressively buying back its own shares. Company has engaged in daily share buy back in multiple millions of shares to avoid a serious fall.

6 LHI is a somewhat dividend stock and it has a dividend policy to pay out a high percentage of its profit after tax. In 2014 it paid out 0.0145 plus 0.013 or 0.0275 dividend per share. The company has 3650m shares and hence it paid out 3650m x 0.0275 = RM100.4m In the unfortunate event of penalty and settlement, shareholders may have to scarify and forgo the dividend. Just a guess and may not be true.

7. The LAU family owns more that half of the company arising from the enlarged capital during IPO so the family collects more than RM50m in dividend yearly. Again. it is something they would seriously think about very hard.

8. The ongoing problem with MYCC is a temporary setback. However, until this is settled, I think the bears will continue to bash down the share price. Bad days have arrived and the worse days are still forthcoming.

9 LHI is riding on a rough patch and journey into muddy water. Nevertheless, i still strongly believe LHI will recover spectacularly once the penalty issue is settled.

10 Every cloud has a silver lining. Every unpleasant situation has a positive side to it.
You may now or going forward collect LHI at incredibly low price and profit from it.

11. Opportunity may knock on your door.
Wait patiently and trade wisely
25/12/2024

1 day ago

SMInvest

accumulating...................

19 hours ago

SMInvest

then hold tight .......................

19 hours ago

Eggplant

Who will win? MYCC or Leong Hup ?

5 hours ago

SMInvest

win win

12 minutes ago

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