Asia300

Hong Leong Financial Group Bhd.

Malaysia

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Jan 19, 2018
Prev close: 17.78
Jan 19, 2018
Market cap:
Market cap(USD):
20,402.9M
5,184.31M
Shares: 1,147.52M

Currency in MYR

Company profile

Market(Ticker): KLS(1082)
Sector:
Industry:
Finance
Major Banks
Full time employees: --

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.

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.

In the news

Financial highlights

Jun 2017

  • Local currency
  • US Dollar
Revenue 8,447.33M
Gross profit --
Operating income 2,650.67M
Income before tax 3,089.94M
Net income 1,506.76M
EBITDA --
Diluted EPS 1.31
Dividends per share 0.38
Total assets 219,067.35M
Total liabilities 194,034.84M
Total equity 16,608.93M
Operating cash flow 6,699.65M

Currency in MYR

Revenue 1,971.26M
Gross profit --
Operating income 618.55M
Income before tax 721.06M
Net income 351.61M
EBITDA --
Diluted EPS 0.30
Dividends per share 0.08
Total assets 51,033.12M
Total liabilities 45,201.64M
Total equity 3,869.15M
Operating cash flow 1,563.42M

Currency in USD

Valuation measures

Jun 2017

PER 12.74
ROA 0.70%
ROE 9.43%
Operating margin 31.37%
Profit margin 17.83%

Key executive

  • 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

Share holders

  • 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(0.7%)
  • The Vanguard Group, Inc.(0.6%)
  • BIN SULAIMAN KHALID AHMAD(0.4%)
  • Eastspring Investments (Singapore) Ltd.(0.4%)
  • BlackRock Fund Advisors(0.4%)
  • CHUAH CHUAN THYE(0.4%)

Address

  • 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

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