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Finance

Hong Leong Financial Group Bhd.

Company Background

Hong Leong Financial Group is the holding company of the group's banking and financial services.

The group is part of the Hong Leong conglomerate, which runs businesses in Cambodia, China, Hong Kong, Singapore, Vietnam and the U.K. Its interests are in manufacturing, property development, leisure and investments.

In Malaysia, it operates midsize Hong Leong Bank, which acquired EON Bank in 2011. The company's Carsem Semiconductor business is one of the largest contract assemblers in the world, with plants in Malaysia and China. The group also owns Southern Steel, a leading steelmaker, and the Singapore-listed GuocoLeisure, which manages hotels under the Thistle brand in the U.K. and Malaysia. The company also has casinos in the U.K., notably the high-end Clermont Club.

The group's chairman is Quek Leng Chan, an ethnic Chinese and trained lawyer. His cousin Kwek Leng Beng is the chairman of Hong Leong Finance, Singapore's largest finance company.

Business Summary

Hong Leong Financial Group Bhd. is an investment holding company, which engages in the provision of banking and financial services. It operates through the following segments: Commercial Banking, Investment Banking and Asset Management, Insurance, and Other Operations. The Commercial Banking segment involves the commercial banking business. The Investment Banking segment focuses on investment banking; futures and stock broking; and fund and unit trust management. The Insurance and Asset Management segment offers life and general insurance; and takaful businesses. The Other Operations segment focuses on investment holding and provision of management services. The company was founded on September 6, 1968 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Jun 2019 MYRUSD
Revenue9,221.95M2,234.79M
Gross Profit----
Operating income2,799.76M678.48M
Income before tax3,505.64M849.53M
Net income1,919.35M465.12M
EBITDA----
Diluted EPS1.670.40
Dividends Per Share0.420.10
Total Assets237,882.61M57,563.84M
Total liabilities209,281.57M50,642.84M
Total equity19,096.59M4,621.07M
Operating cash flow-11,703.45M-2,836.15M
Currency in MYRCurrency in USD

Historical Data

 Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019
Revenue 8,088.40M 8,436.42M 8,447.33M 8,913.64M 9,221.95M
Gross Profit -- -- -- -- --
Operating income 2,539.46M 2,208.66M 2,650.67M 3,008.14M 2,799.76M
Income before tax 3,023.28M 2,565.03M 3,089.94M 3,578.58M 3,505.64M
Net income 1,620.74M 1,358.89M 1,506.76M 1,907.44M 1,919.35M
EBITDA -- -- -- -- --
Diluted EPS 1.51 1.23 1.31 1.66 1.67
Dividends Per Share 0.37 0.38 0.38 0.40 0.42
Total Assets 202,662.55M 210,611.02M 219,067.35M 229,537.94M 237,882.61M
Total liabilities 183,198.25M 187,433.86M 194,034.84M 202,858.22M 209,281.57M
Total equity 13,111.02M 15,341.13M 16,608.93M 17,804.44M 19,096.59M
Operating cash flow 3,056.72M 2,044.01M 6,699.65M 6,967.29M -11,703.45M
 Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019
Revenue 2,340.59M 2,040.51M 1,971.26M 2,187.28M 2,234.79M
Gross Profit -- -- -- -- --
Operating income 734.86M 534.20M 618.55M 738.15M 678.48M
Income before tax 874.86M 620.40M 721.06M 878.13M 849.53M
Net income 469.00M 328.67M 351.61M 468.06M 465.12M
EBITDA -- -- -- -- --
Diluted EPS 0.43 0.29 0.30 0.40 0.40
Dividends Per Share 0.10 0.09 0.08 0.09 0.10
Total Assets 53,713.90M 52,241.35M 51,033.12M 56,823.35M 57,563.84M
Total liabilities 48,555.06M 46,492.34M 45,201.64M 50,218.64M 50,642.84M
Total equity 3,474.96M 3,805.31M 3,869.15M 4,407.58M 4,621.07M
Operating cash flow 884.54M 494.38M 1,563.42M 1,709.68M -2,836.15M

Valuation Measures

Jun 2019
PER11.05
ROA0.82%
ROE10.40%
Operating margin30.35%
Profit margin20.81%

Key executives

  • President, CEO & Non-Independent Director: Kong Khoon Tan
  • Group Chief Financial Officer: Seong Aun Chew
  • Group Financial Controller: Hock Beng Tan
  • Secretary: Tiong Jie Lee

Shareholders

  • Hong Leong Company (Malaysia) Bhd. (51.9%)
  • Guoco Group Ltd. (25.3%)
  • Employees Provident Fund (1.9%)
  • ING Groep NV (1.8%)
  • The Bank of Nova Scotia (1.3%)
  • QUEK LENG CHAN (1.0%)
  • The Vanguard Group, Inc. (0.7%)
  • Norges Bank Investment Management (0.6%)
  • Dimensional Fund Advisors LP (0.4%)
  • BIN SULAIMAN KHALID AHMAD (0.4%)

Contact Details

  • Website:http://www.hlfg.com.my
  • Address: Level 30, Menara Hong Leong, No. 6, Jalan Damanlela, Kuala Lumpur, 50490, Malaysia
  • Phone: +60.3.2080.9888

Related Companies

  • Hong Leong Financial Group Bhd. /2 Life Insurance Companies/
  • Hong Leong Financial Group Bhd. /2 Subs/
  • Wing Trade Investments Ltd.
  • HLA Holdings Sdn. Bhd.
  • Hong Leong Financial Group ESOS
  • Hong Leong Investment Bank Berhad
  • Natcap Portfolio Sdn. Bhd.
  • Raikon Holdings Sdn. Bhd.
  • Dao Heng Insurance Co. Ltd.
  • Heritage Vest Malaysia Sdn. Bhd.
  • Hong Leong Equities Hong Kong Ltd.
  • Hong Leong Equities Sdn. Bhd.
  • Hong Leong Bank Bhd.

Competitors

    Last Updated on 19 Sep, 2019

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