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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 and Asset Management segment focuses on investment banking, futures and stock broking, and fund and unit trust management. The Insurance 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 2021 MYRUSD
Revenue8,423.41M2,041.29M
Gross Profit----
Operating income3,151.47M763.71M
Income before tax3,971.50M962.43M
Net income2,265.25M548.95M
EBITDA----
Diluted EPS1.990.48
Dividends Per Share0.400.09
Total Assets273,744.40M65,938.67M
Total liabilities239,810.97M57,764.89M
Total equity22,818.43M5,496.43M
Operating cash flow8,709.40M2,110.60M
Currency in MYRCurrency in USD

Historical Data

 Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021
Revenue 8,447.33M 8,913.64M 9,307.00M 8,874.82M 8,423.41M
Gross Profit -- -- -- -- --
Operating income 2,650.67M 3,008.14M 2,808.95M 2,580.02M 3,151.47M
Income before tax 3,089.94M 3,578.58M 3,505.64M 3,299.52M 3,971.50M
Net income 1,506.76M 1,907.44M 1,919.35M 1,857.50M 2,265.25M
EBITDA -- -- -- -- --
Diluted EPS 1.31 1.66 1.67 1.63 1.99
Dividends Per Share 0.38 0.40 0.42 0.38 0.40
Total Assets 219,067.35M 229,537.94M 237,882.61M 253,938.24M 273,744.40M
Total liabilities 194,034.84M 202,858.22M 209,281.57M 222,885.49M 239,810.97M
Total equity 16,608.93M 17,804.44M 19,096.59M 20,898.01M 22,818.43M
Operating cash flow 6,699.65M 6,967.29M 5,239.53M 5,045.55M 8,709.40M
 Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021
Revenue 1,971.26M 2,187.28M 2,255.40M 2,109.28M 2,041.29M
Gross Profit -- -- -- -- --
Operating income 618.55M 738.15M 680.70M 613.19M 763.71M
Income before tax 721.06M 878.13M 849.53M 784.20M 962.43M
Net income 351.61M 468.06M 465.12M 441.47M 548.95M
EBITDA -- -- -- -- --
Diluted EPS 0.30 0.40 0.40 0.38 0.48
Dividends Per Share 0.08 0.09 0.10 0.09 0.09
Total Assets 51,033.12M 56,823.35M 57,563.84M 59,262.13M 65,938.67M
Total liabilities 45,201.64M 50,218.64M 50,642.84M 52,015.28M 57,764.89M
Total equity 3,869.15M 4,407.58M 4,621.07M 4,877.01M 5,496.43M
Operating cash flow 1,563.42M 1,709.68M 1,269.72M 1,199.18M 2,110.60M

Valuation Measures

Jun 2021
PER8.90
ROA0.85%
ROE10.36%
Operating margin37.41%
Profit margin26.89%

Key executives

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

Shareholders

  • Hong Leong Company (Malaysia) Bhd. (51.9%)
  • Guoco Group Ltd. (25.3%)
  • Employees Provident Fund (3.0%)
  • Kumpulan Wang Persaraan (2.2%)
  • AIA Bhd. (1.1%)
  • QUEK LENG CHAN (1.0%)
  • Hong Leong Financial Group ESOS (0.8%)
  • The Vanguard Group, Inc. (0.6%)
  • Norges Bank Investment Management (0.6%)
  • 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 Capital Bhd.
  • Hong Leong Bank Bhd.

Competitors

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