Hong Leong Finance Limited

S41.SI : Singapore Exchange

2.400

-0.41%

Share Price in SGD. As of 21 Jun 17:04:07 SGT

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Key stats

  • 52-Week High
    SGD 2.580
  • 52-Week Low
    SGD 2.400
  • Market Cap
    SGD 1.1B
  • Avg Volume
    41K
  • P/E Ratio (TTM)
    11.43
  • Forward Dividend Yield
    5.2%

Share Price Performance

S41.SI
Market
1 Day -0.83% -0.02%
5 Day -0.83% 0.26%
1 Month -1.64% -0.06%
6 Month -2.83% 6.22%
YTD -4.38% 2.36%
1 Year -2.83% 2.25%
5 Year -6.98% 6.42%
Include dividend return

Beansprout Analysis

Market Analysis

Analyst Ratings

There is no analyst rating data currently available for Hong Leong Finance Limited.

Valuation

Price to earnings (P/E) ratio

Current P/E
Historical Average P/E
10.2

Hong Leong Finance Limited's current P/E ratio of ∞x is higher than its historical average P/E ratio of 10.2x.

Price to book (P/B) ratio

Current P/B
0.5
Historical Average P/B
0.5

Hong Leong Finance Limited's current P/B ratio of 0.5x is the same as its historical average P/B ratio of 0.5x.

Earnings

Earnings Highlights

Full Year Financial Statements And Dividend Announcement

  • Revenue: SGD 212.31M

    Decreased 18% Year-on-Year

    For the second half 2023, net ineterest margin was lower at 1.4% compared with the corresponding prior period, bringing net interest income down by 30.9% to S$100.7 million. Net interest income for 2023 decreased by 16.5% to S$202.2 million, on an overall lower net interest margin of 1.5% (2022: 1.8%). Fee and commission income decreased by 32.8% to S$5.5 million for the second half 2023 and 39.2% to S$10.0 million for the full year 2023 from lending business due to subdued property financing activities in the financial market.

  • Net Profit: SGD 93M

    Decreased 29% Year-on-Year

    Compared with a year ago, net profit declined by 28.7% to lower net interest margins on moderated loan growth, and higher staff costs, offset by a net reversal in allowance for non credit-impaired loans.

  • Return on Equity (ROE): 5%

    Decreased 30% Year-on-Year

  • Dividend Per Share: SGD 0.13

    Decreased 27% Year-on-Year

    A Final Dividend of 9 cents per share (tax exempt one-tier) is recommended by the directors for approval by shareholders in respect of the year ended 31 December 2023.

Earnings per share (EPS)

The latest earnings per share is $0.21, which is lower than the earnings per share of $0.29 in 2022.

Financials

Financial Statements

23 Feb 2024

Full Yearly Results

For period ending 31 Dec 2023

03 Aug 2023

Half Yearly Results

For period ending 30 Jun 2023

Annual Reports

27 Mar 2024

Annual Report

For period ending 31 Dec 2023

News

Profile

Company Description

The Company was incorporated on 10 January 1961and was converted into a public company on 2 September 1964. Its shares were listed on the SGX Mainboard prior to the acquisition in 1979 by Hong Leong Finance Limited (HLF) (now known as Target Realty Limited). It was re-admitted to the official list of the SGX Mainboard on 10 July 1981. The principal activities of the Company are to accept deposits from the public and to use these deposits together with its own capital resources in the provision of finance, including hire purchase, leasing, factoring, mortgages and other secured loans in the commercial, industrial and consumer sectors. On 1 September 2001, the Company acquired and amalgamated the finance business undertaking of Target Realty Limited with its own undertaking pursuant to a scheme of arrangement and amalgamation. As part of the merger, the Company and HLF also reorganised their non-core financial assets, comprising property assets, resulting in the disposal by the Company of certain property assets to HLF which were not intended to be the core financial assets of the merged finance business. Following the merger, the Company is now the nation's largest finance company. In 2005, HLF necessary approvals from the authorities to expand its services to include underwriting, distribution of third-party insurance products and provision of foreign exchange services to its customers. The ultimate holding company of the Company is deemed to be Hong Leong Investment Holdings Pte Ltd, a company incorporated in Singapore.

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