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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 2023 MYRUSD
Gross Profit----
Operating income3,744.39M833.25M
Income before tax5,102.38M1,135.45M
Net income2,791.30M621.16M
Diluted EPS2.460.54
Dividends Per Share0.490.10
Total Assets315,265.79M67,544.89M
Total liabilities275,636.15M59,054.34M
Total equity26,791.71M5,740.05M
Operating cash flow6,907.96M1,537.25M
Currency in MYRCurrency in USD

Historical Data

 Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023
Revenue 9,307.00M 8,874.82M 8,423.41M 8,221.87M 10,313.44M
Gross Profit -- -- -- -- --
Operating income 2,808.95M 2,580.02M 3,151.47M 3,728.63M 3,744.39M
Income before tax 3,505.64M 3,299.52M 3,971.50M 4,839.97M 5,102.38M
Net income 1,919.35M 1,857.50M 2,265.25M 2,452.20M 2,791.30M
EBITDA -- -- -- -- --
Diluted EPS 1.67 1.63 1.99 2.16 2.46
Dividends Per Share 0.42 0.38 0.40 0.46 0.49
Total Assets 237,882.61M 253,938.24M 273,744.40M 287,341.50M 315,265.79M
Total liabilities 209,281.57M 222,885.49M 239,810.97M 251,351.78M 275,636.15M
Total equity 19,096.59M 20,898.01M 22,818.43M 24,275.59M 26,791.71M
Operating cash flow 5,239.53M 5,045.55M 8,709.40M 938.97M 6,907.96M
 Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023
Revenue 2,255.40M 2,109.28M 2,041.29M 1,943.10M 2,295.09M
Gross Profit -- -- -- -- --
Operating income 680.70M 613.19M 763.71M 881.20M 833.25M
Income before tax 849.53M 784.20M 962.43M 1,143.84M 1,135.45M
Net income 465.12M 441.47M 548.95M 579.53M 621.16M
EBITDA -- -- -- -- --
Diluted EPS 0.40 0.38 0.48 0.51 0.54
Dividends Per Share 0.10 0.09 0.09 0.10 0.10
Total Assets 57,563.84M 59,262.13M 65,938.67M 65,193.76M 67,544.89M
Total liabilities 50,642.84M 52,015.28M 57,764.89M 57,028.20M 59,054.34M
Total equity 4,621.07M 4,877.01M 5,496.43M 5,507.79M 5,740.05M
Operating cash flow 1,269.72M 1,199.18M 2,110.60M 221.91M 1,537.25M

Valuation Measures

Jun 2023
Operating margin36.30%
Profit margin27.06%


  • 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


  • Hong Leong Company (Malaysia) Bhd. (51.9%)
  • Guoco Group Ltd. (25.3%)
  • Employees Provident Fund (2.5%)
  • Kumpulan Wang Persaraan (2.2%)
  • AIA Bhd. (1.2%)
  • Hong Leong Financial Group ESOS (1.1%)
  • QUEK LENG CHAN (1.0%)
  • Norges Bank Investment Management (0.8%)
  • Hong Leong Financial Group Bhd. (0.8%)
  • The Vanguard Group, Inc. (0.7%)

Contact Details

  • Website:
  • Address: Level 30, Menara Hong Leong, No. 6, Jalan Damanlela, Kuala Lumpur, 50490, Malaysia
  • Phone: +60.3.2080.9888

Related Companies

  • HLFG Principal Investments (L) Ltd.
  • 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 Berhad


    Last Updated on 22 Sep, 2023

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