LPI CAPITAL BHD

KLSE (MYR): LPI (8621)

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Last Price

12.84

Today's Change

+0.10 (0.78%)

Day's Change

12.76 - 12.90

Trading Volume

115,200

Overview

Market Cap

5,115 Million

NOSH

398 Million

Avg Volume (4 weeks)

56,610

4 Weeks Range

12.36 - 12.90

4 Weeks Price Volatility (%)

88.89%

52 Weeks Range

11.40 - 12.90

52 Weeks Price Volatility (%)

96.00%

Previous Close

12.74

Open

12.76

Bid

12.82 x 3,700

Ask

12.84 x 24,300

Day's Range

12.76 - 12.90

Trading Volume

115,200

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2023 [#4] | 26-Feb-2024

Next QR | Est. Ann. Date

31-Mar-2024 | 20-Apr-2024

T4Q P/E | EY

16.30 | 6.13%

T4Q DY | Payout %

5.14% | 83.81%

T4Q NAPS | P/NAPS

5.72 | 2.24

T4Q NP Margin | ROE

16.46% | 13.76%

Company Profile

Sector: FINANCIAL SERVICES

Sector: FINANCIAL SERVICES

Subsector: INSURANCE

Subsector: INSURANCE

Description:

LPI Capital Bhd (LPI) is a Malaysia-based investment holding company. The Company, through its subsidiary, Lonpac Insurance Bhd (Lonpac), is engaged in providing general insurance. The Company operates through two segments: General insurance, which includes underwriting of all classes of general insurance business, mainly carried out by Lonpac, and Investment holding, which includes investment holding operations, mainly carried out by LPI Capital Bhd. Lonpac operates approximately 21 branches in Malaysia and a branch in Singapore. In addition, Campu Lonpac Insurance Plc, provides insurance solutions in Cambodia. It offers a range of general insurance products, which include employees benefits, health insurance, liability insurance, motor insurance, marine insurance, pecuniary insurance, personal accident insurance, project insurance, property insurance and trade credit insurance.

Discussions
3 people like this. Showing 50 of 479 comments

hazli

KUALA LUMPUR (March 11): A majority of life insurance companies in the country are extending financial assistance to their policyholders who may develop side effects or complications resulting in hospitalisation from Covid-19 vaccinations.
Life Insurance Association of Malaysia (LIAM) said the coverage includes hospitalisations costs that were medically necessary and reasonable due to side effects from COVID-19 vaccination under the National Covid-19 Immunisation Programme.
A number of life insurance companies are also offering cash relief programme for side effects under their respective Covid-19 vaccine fund or medical assistance programme,” it said in a statement today.
It said the assistance includes reimbursement of medical bills for Covid-19 patients and post Covid-19 vaccination support for hospitalisation due to vaccine side effects; medical assistance and special death benefits; hospitalisation income; and cash relief.
Chief executive officer Mark O’Dell advised policyholders to contact their insurance company to find out more about the assistance offered in the event that they may develop side effects due to the Covid-19 vaccine.
While applauding the government’s proactive efforts to protect the rakyat, he also urged Malaysians to play their part in the COVID-19 battle by registering for the immunisation programme via the MySejahtera application.

2021-03-12 13:00

peng01

bonus issue coming

2021-04-02 15:48

VivoPrince

@peng01 Very likely in view up upward price movement even amid bearish market sentiment.

2021-04-02 17:11

Kon Lim Chai

1st QR should be out this week.

2021-04-12 21:22

Sarah87

2nd QR results should be out very soon d~~~~~

2021-07-12 17:06

ahbah

Good stock.

2021-07-12 17:09

VivoPrince

Angpow time!!!

2021-07-14 11:50

drt6398

Why angpow time?..

2021-07-14 16:32

Bgt 9963

Post removed.Why?

2021-07-14 16:42

Sarah87

I am waiting for the QR~~~~ When will announce?

2021-07-21 15:10

Kalaihselvan Krishnan

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

Sarah87

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

Kalaihselvan Krishnan

Thank you Sarah

2021-07-22 19:41

Kalaihselvan Krishnan

No results announced? Maybe they obtain extension.

2021-07-31 12:08

VivoPrince

8.42% rise in net profit for 2Q FY 2021 (to RM109.89 mil) and 29 sen dividend/share.

2021-08-05 12:57

Sarah87

slow and steady increase of dividen YtoY

2021-08-05 13:04

Lawman

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

greenshoot

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

pushparaj

Mother Public Bank Is Up Today

2021-08-24 18:49

unicornbird

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

Lawman

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

Sarah87

Totally agree with Lawman ~~~ the best gem !

2021-09-17 09:25

unicornbird

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

Lawman

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

Lawman

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

unicornbird

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

guppycrow

Proxy stock preferrential horizon betapro global buy uptick.

2021-10-06 08:57

goody99

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

unicornbird

goody i think insurance company benefit from it. Less traffic, less accident, less payout. But premium is the same

2021-11-21 16:40

whocare1982

https://youtu.be/Fyp5TgesJwY
EP7:Public Bank,Maybank,CIMB ,Hong Leong Bank,LPI Capital Target Price & Technical Analysis!

2021-12-17 19:00

quekkeong

rce

2021-12-24 21:52

VivoPrince

Countdown to angpow time has begun.

2022-01-10 15:49

VivoPrince

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

Sarah87

Looking forward to LPI dividen this coming February!!!!!!

2022-01-31 15:05

VivoPrince

45 sen/share second interim dividend for FY2021.

2022-02-07 14:08

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

NatsukoMishima

Should leave this stock asap to ptevent get div but lose capital !

2022-10-18 14:17

unicornbird

Anyone know why the profit drop so much? is it because fire insurance is liberalized?

2022-11-08 09:03

777777

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)$€£¥

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

flyhub888

target rm10

2023-05-30 14:50

flyhub888

waiting patiently

2023-06-27 22:30

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

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

Fundamental Trader

Early Birdies catches the big worm.

2023-09-01 11:51

Fabien _the efficient capital allocator

No one likes LPI anymore? except 3i of course

2023-09-28 10:17

東风

up for 2 days

2023-10-12 10:20

VivoPrince

The sleeping dragon has awaken? Something is brewing?

2023-10-12 11:35

greenshoot

bonus issue ?

2023-10-13 07:59

Kitty Kitty

its about time for this to reach its bottom

2023-10-15 20:54

VivoPrince

Have a feeling LPI will announce its 4Q FY2023 financial results today (alongside the much awaited dividends).

1 week ago

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