Posted by Hugo Lawrence > 2018-12-02 20:24 | Report Abuse

Both r good shares, why sell, good PE, low debt, full cash, shld buy.

Posted by shareinvestor88 > 2018-12-02 23:32 | Report Abuse

Sell tp 3

Posted by FLINV > 2018-12-04 12:03 | Report Abuse

Queue at 9.50 feel can get it today. Then queue at 8.50 ...the 7.50 ... collect bit by bit .

Posted by LOLANTO > 2018-12-04 12:16 | Report Abuse

WHY DROP, CAN ANYONE SIFU HERE TELL ME?

Posted by benson85 > 2018-12-04 15:18 | Report Abuse

not shariah compliance base on SC announcement last friday...same like MPI

Posted by Lioncity > 2018-12-04 15:51 | Report Abuse

MPI rebounded 10% from last Friday sell down, but Hlind doesn’t share the same fate but instead, going down further.

Posted by Fabien Extraordinaire > 2018-12-04 17:34 | Report Abuse

in my watchlist

Posted by Lioncity > 2018-12-04 17:36 | Report Abuse

Unusual dropping pattern. Low liquidity stock, when someone is eager to sell, it just drop drastically.

Posted by lizi > 2018-12-04 20:52 | Report Abuse

I already gave the hint ma...figure won't lie....probably people who are in the industries see the tough time ahead.

lizi yup, without the write back, it is the worst profit before tax for the past 11 quarters.
28/08/2018 21:43

Posted by shareinvestor88 > 2018-12-05 00:27 | Report Abuse

Sell tp 3

Posted by kywoo > 2018-12-05 02:40 | Report Abuse

life is very very strange . So is the financial standing of a company in the eye of the financial regulatory authority. Hong Leong Industries is a classic example. A few days ago, it has been dropped from the list of Shariah Compliance companies. As a result the share price has plunged substantially as Islamic funds are required to dispose of the counter in order to comply with the new list

A lot of ignorant small shareholders started to dump their holdings as well fearing that the company is in very bad shape e.g financial insolvency or plunging profitability. A lot of small shareholders may not even read the financials of the company

However, if one is to study the latest financials of the company ( quarter ending 30th June 2016 ) one will realize how very strong the company is financially. The company has a small overdraft of only RM 50 million but a bank balance of RM 911 million. Capital reserves is many times the paid up capital. Prospective earning per share is between 90 sens to 1.10. Their local Yamaha motorcycle business is doing very well while their Vietnam side is doing well. So at the closing price of 9,36 today the share is trading at a PE of less than 10 and a prospective dividend yield of over 5%p.a.

The thing that got the company to be dropped from the Shariah Compliance list is simply because it has too much cash deposited in conventional banking institutions. According to one of the rules cash holdings in banks must not exceed 33% of company's total assets. As of 30/06/2018 total assets of company is RM 2,122 million. Cash deposited in Bank is RM 911 million. Hence the percentage ratio is 43%.

On the other hand, in 30/06/2017, total assets was RM 1,981 million but cash holdings in banks was only RM 609 million. Hence the percentage ratio was only 31% which is still below the 33% limit.

Hence, the company has a problem but it is a happy problem. There are two alternatives to bring it back to the Shariah compliance list in the next review. Firstly, they can put their cash holdings in Islamic banking or Islamic financial instruments. ( these deposits are exempted from calculation of the 33% limit ). Secondly, they can pay out a special bonus dividend soon and thereafter maintain a higher dividend payout ratio. This is the most logical alternative as it rewards and encourage minority shareholders, This policy will also boost the price of the share as potential investors are all going after high dividend shares.

Having a healthy cash balance for all companies is good management. However, having a very substantial cash balance becomes bad management. If there is no immediate need for massive capital expenditure why not reward the shareholders. To be honest, having 43% of total company assets in cash is way over prudent financial management.

At current price, the company is a very good buy based on current financial and business fundamentals.

Posted by anti_gambler > 2018-12-05 03:54 | Report Abuse

Why Quek Leng Chan not buying? All his filing can see is disposed only?
TAN SRI QUEK LENG CHAN 13-Jun-2018 Disposed 500,000 0.000 View Detail
TAN SRI QUEK LENG CHAN 08-Jun-2018 Disposed 800 0.000 View Detail
TAN SRI QUEK LENG CHAN 07-Jun-2018 Disposed 9,600 0.000 View Detail
TAN SRI QUEK LENG CHAN 06-Jun-2018 Disposed 15,100 0.000 View Detail
TAN SRI QUEK LENG CHAN 01-Jun-2018 Disposed 100 0.000 View Detail
TAN SRI QUEK LENG CHAN 31-May-2018 Disposed 3,500 0.000 View Detail
TAN SRI QUEK LENG CHAN 30-May-2018 Disposed 34,000 0.000 View Detail
TAN SRI QUEK LENG CHAN 28-May-2018 Disposed 152,100 0.000
https://klse.i3investor.com/servlets/stk/annchsh/3301.jsp

Posted by Fabien Extraordinaire > 2018-12-05 16:04 | Report Abuse

come below 9 pls..

Posted by Win188 > 2018-12-05 16:12 | Report Abuse

what happen to HLI keep on dropping? cash rich & good earning also drop

Posted by FLINV > 2018-12-05 16:17 | Report Abuse

Queue at 8.50

Posted by x3mg33 > 2018-12-05 16:28 | Report Abuse

Stop asking silly questions. If you are invested in this counter you should know what you are investing in. Please read kywoo write up above.

Posted by x3mg33 > 2018-12-05 16:33 | Report Abuse

If you still don’t understand, seek help from a financial adviser. You do not deserve to buy into this counter in the first place if you are asking rudimentary questions on increase and decreases. Get help instead....

Posted by kingJ > 2018-12-05 18:43 | Report Abuse

Another capital reduction exercise again

Posted by Lioncity > 2018-12-05 19:09 | Report Abuse

Well said kywoo. I also see this as a chance to buy more.

Posted by kywoo > 2018-12-05 20:07 | Report Abuse

Everyone has been asking the same question. Why was QLC selling aggressively in May and June this year. I think it is nothing serious or bad about it. QLC and family own over 75% of company directly and indirect;y. He is merely tidying up the loose ends here and there, Don.t read too deep into it.
The share price will continue to be depressed as Islamic funds unload their shares in the open market. However, the amount of shares they owned is not substantial. It is between 1% to 1.5% of the Paid Up shares. Once selling is over the share price should go back to 12.00 or more based on the fundamentals. Now is really a buying opportunity.

Posted by trulyinvest > 2018-12-05 21:10 | Report Abuse

Got eastspring islamic small cap fund,n pmb shariah agresive,fund... wait below rm9 la

Posted by shareinvestor88 > 2018-12-05 21:34 | Report Abuse

SELL TP 3

Posted by FLINV > 2018-12-06 10:24 | Report Abuse

Continue queue at 8.50

Posted by benson85 > 2018-12-06 12:49 | Report Abuse

if really can hit ur TP 3..really can sailang,bro

Posted by RainT > 2018-12-06 12:56 | Report Abuse

TP RM3???

Gila ....that time ,other counter in Bursa will big drop,Bursa index will hit 500 only

Posted by RainT > 2018-12-06 15:35 | Report Abuse

with RM9.05 also can matched

dont know which idiots willing to sell for me at RM9.05

good for me, manage to open position in this price (of 1 year low price, higher margin of safety for me)

Posted by Lioncity > 2018-12-06 15:56 | Report Abuse

Looking at HLI 2018 annual report, under shareholder list, no.19. PMB shariah aggressive fund & no.20 PB Islamic equity, they hold 952,300 & 848,500 number of shares, looking back at the past few days volume, it seems to have another 2/3 of shares need to go. Correct me if I’m wrong. I think the selldown is yet to finish, wait & queue low.

Posted by lizi > 2018-12-06 16:10 | Report Abuse

No 9 too, in total 4 mil shares to be disposed

Posted by Lioncity > 2018-12-06 16:15 | Report Abuse

The price is getting attractive, hopefully more buy queue coming in then the disposal activity by the Islamic funds can be expertide.

Posted by shpg22 > 2018-12-06 16:21 | Report Abuse

Sell more plzzz. Learn more tabung haji.

Posted by shpg22 > 2018-12-06 16:27 | Report Abuse

Tq very much to syariah fund for the discounted price. DY is virtually guaranteed at an attractive 5.3% looking at its super strong FCF

Posted by Fabien Extraordinaire > 2018-12-06 16:28 | Report Abuse

aiya...bought too soon at 8.99 lol

Posted by benson85 > 2018-12-06 16:30 | Report Abuse

buy now and when shariah back throw back to those shariah fund..XD....boleh land...funny policy...

Posted by trulyinvest > 2018-12-06 16:39 | Report Abuse

yup, dun forget eastspring Islamic oso got 2000,000 units.... not so hury

Posted by Lioncity > 2018-12-06 17:06 | Report Abuse

I wonder will QLC do share by back? Or hopefully some big funds help to eat some pie.

Posted by trulyinvest > 2018-12-06 20:18 | Report Abuse

Result oso drop yoy. Beter cautious first

Posted by somersby > 2018-12-07 12:29 | Report Abuse

Keong kan d,

Posted by Lioncity > 2018-12-07 13:05 | Report Abuse

Looking at the speed of disposal make me yawning ...

Posted by limkokthye > 2018-12-07 14:04 | Report Abuse

tan c liao , keong kan d

Posted by limkokthye > 2018-12-07 14:25 | Report Abuse

tp 3.00

Posted by limkokthye > 2018-12-07 14:42 | Report Abuse

52 weeks low , keong kan liao

Posted by limkokthye > 2018-12-07 14:45 | Report Abuse

today buying rates 5.91% only

Posted by Lioncity > 2018-12-07 14:52 | Report Abuse

At 8.80 price the PE is 10 assuming whole year forewcast eps is 88 sen. DY 5.6% if pays 50 sens dividend. At 8.30 PE will be 9 and yield will be 6% which I guess will attract more buyers.

Posted by limkokthye > 2018-12-07 14:54 | Report Abuse

run before collapse

Posted by limkokthye > 2018-12-07 14:55 | Report Abuse

market is collapse soon, klse all stock drop all new low ,

Posted by limkokthye > 2018-12-07 14:55 | Report Abuse

no hope d, my remiser said sell all, collapse 80%

Posted by limkokthye > 2018-12-07 14:56 | Report Abuse

buy what also die

Posted by trulyinvest > 2018-12-07 16:24 | Report Abuse

last time tis counter hardly above rm10... rm12 is overplayed... so rm8.80 is just rm1.20 below normal px… no hurry to buy, somemore now Islamic funds keep selling

Posted by Win188 > 2018-12-07 17:43 | Report Abuse

i bought 9.++..please advise whether need to cut loss?

Posted by Airline Bobby > 2018-12-07 17:43 | Report Abuse

Cut