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Finance

Hong Leong Financial Group Bhd.

  • 19.60 MYR
  • -0.04
  • -0.20%
  • Malaysia
    Apr 20, 2018
  • Ticker
    KLS(1082)
  • Prev. close
    19.64
  • Market cap (MYR)
    22,537.20M
  • Market cap (USD)
    5,782.48M
  • Shares
    1,147.52M

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 2017 MYRUSD
Revenue8,447.33M1,971.26M
Gross Profit----
Operating income2,650.67M618.55M
Income before tax3,089.94M721.06M
Net income1,506.76M351.61M
EBITDA----
Diluted EPS1.310.30
Dividends Per Share0.380.08
Total Assets219,067.35M51,033.12M
Total liabilities194,034.84M45,201.64M
Total equity16,608.93M3,869.15M
Operating cash flow6,699.65M1,563.42M
Currency in MYRCurrency in USD

Historical Data

 Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017
Revenue 7,631.08M 7,844.97M 8,088.40M 8,436.42M 8,447.33M
Gross Profit -- -- -- -- --
Operating income 2,299.98M 2,534.24M 2,539.46M 2,208.66M 2,650.67M
Income before tax 2,304.42M 3,009.22M 3,023.28M 2,565.03M 3,089.94M
Net income 1,487.69M 1,706.87M 1,620.74M 1,358.89M 1,506.76M
EBITDA -- -- -- -- --
Diluted EPS 1.39 1.59 1.51 1.23 1.31
Dividends Per Share 0.35 0.37 0.37 0.38 0.38
Total Assets 180,639.67M 190,371.87M 202,662.55M 210,611.02M 219,067.35M
Total liabilities 165,634.96M 173,367.14M 183,198.25M 187,433.86M 194,034.84M
Total equity 10,075.72M 11,474.48M 13,111.02M 15,341.13M 16,608.93M
Operating cash flow 2,907.67M 4,554.54M 3,056.72M 2,044.01M 6,699.65M
 Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017
Revenue 2,476.06M 2,417.64M 2,340.59M 2,040.51M 1,971.26M
Gross Profit -- -- -- -- --
Operating income 746.27M 780.99M 734.86M 534.20M 618.55M
Income before tax 747.71M 927.37M 874.86M 620.40M 721.06M
Net income 482.71M 526.02M 469.00M 328.67M 351.61M
EBITDA -- -- -- -- --
Diluted EPS 0.45 0.49 0.43 0.29 0.30
Dividends Per Share 0.11 0.11 0.10 0.09 0.08
Total Assets 57,173.50M 59,287.41M 53,713.90M 52,241.35M 51,033.12M
Total liabilities 52,424.42M 53,991.63M 48,555.06M 46,492.34M 45,201.64M
Total equity 3,189.02M 3,573.49M 3,474.96M 3,805.31M 3,869.15M
Operating cash flow 943.45M 1,403.60M 884.54M 494.38M 1,563.42M

Valuation Measures

Jun 2017
PER12.74
ROA0.70%
ROE9.43%
Operating margin31.37%
Profit margin17.83%

Key executives

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

Shareholders

  • Hong Leong Company (Malaysia) Bhd. (51.9%)
  • Guoco Group Ltd. (25.3%)
  • Employees Provident Fund (1.9%)
  • QUEK LENG CHAN (1.0%)
  • Norges Bank Investment Management (0.8%)
  • The Vanguard Group, Inc. (0.6%)
  • BlackRock Fund Advisors (0.5%)
  • BIN SULAIMAN KHALID AHMAD (0.4%)
  • Eastspring Investments (Singapore) Ltd. (0.4%)
  • CHUAH CHUAN THYE (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 20 Apr, 2018

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