HONG LEONG FINANCIAL GROUP (HLFG MK EQUITY, HLCB.KL) 26 January 2018 Stronger earnings expected from all key divisions Company report BUY Kelvin Ong, CFA kelvin-ong@ambankgroup.com 03-2036 2294 (Maintained) Rationale for report: Company update Investment Highlights We maintain our BUY call on Hong Leong Financial Group (HLFG) with a higher fair of RM19.40/share (previously: RM17.70/share). This is based on an increase in our SOP valuation after factoring in a higher valuation for Hong Leong Bank (HLBB) by rolling over to FY19 numbers.
Now looking actively at Petronm for its low pe high net cash biz.
Anything below 13 is still a good and fair valuation for Petronm. Look at just the fcf alone, smart investors will not easily let this counter go off from their radar.
this all drop is mainly due to low interest environment and will lower bank profit beside also trade war and bad global economy sentiment
but again if there is no drop,there where is the opportunity come for us to buy?
do homework and understand deeply the reason why u invest in certain counters
among bank counter that can see:
CIMB : share price 1 year low, below NTA MAYBANK : share price 1 year low, big bank in Msia/ASEAN PUBLIC BANK : share price 1 year low/ very good managed bank in Msia HONG LEONG BANK: share price 1 year low/ very high margin above 50%
if I have many cash, I will invest in this 4 now, bargain buy
FTSE Russell has determined to retain Malaysia on the Watch List and not downgrade Malaysia to Market Accessibility Level 1 at this review. .....Yippie..not downgrade ...still on Watchlist..:)..March 2020 pulak review..
HONG Leong Financial Group Bhd (HLFG) has earmarked RM40 million to develop the HLX Integrated Innovation Centre, a 32-storey innovation exchange.
Fully owned by GuocoLand Malaysia Bhd — the property arm of HLFG, the exchange is located along Jalan Kia Peng in Kuala Lumpur, offering 250,000 sq ft (23,225.76 sq m) of co-working spaces, event facilities, high-tech talent development and training centres, co-living facilities and more.
“To date, a total of 100,000 sq ft has been taken up by start-ups and corporates, including a Vietnamese co-working space with 50,000 sq ft and local training academy KCOM Group plc, which will occupy about 16,500 sq ft,” HLX Management Sdn Bhd GM Mohd Reezan Mohd Fadzil told a press conference in Kuala Lumpur recently.
The exchange aims to curate, develop and operate ecosystems focused on accelerating innovation in the digital economy.
"For the year (ended June 30, 2019), HLISB’s gross Islamic financing assets grew by 14% to RM26.1 billion, comprising 19% of the wider Hong Leong Bank Group’s total gross financing assets.
"HLISB will continue its efforts towards the development of Islamic banking business by strengthening digital capabilities, upholding Shariah standards and value-based intermediation, and encouraging diversified and innovative product offerings," he said.
Can elaborate more on how it's undervalue? ------------------------------------------------------------------------------------- Posted by ivanlau > Apr 23, 2020 7:47 PM | Report Abuse
Wow HLFG including banks, insurance, investment arms.. as a corporation, has 6x cash more than debt. At current price, it's 75% below it's book value also. My view, HLFG is better than HLB today.
All directors disposed some of their share to lower down the price and they'll collect in hugh numbers of the shares soon. Catch the boat and sail forward
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mohd Fahmi Bin Jaes
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Posted by Mohd Fahmi Bin Jaes > 2017-12-16 06:31 | Report Abuse
Split