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Last 13.42 MYR
Change Today +0.02 / 0.15%
Volume 1.4M
As of 4:50 AM 07/1/15 All times are local (Market data is delayed by at least 15 minutes).

hong leong bank berhad (HLBK) Snapshot

Open
13.58
Previous Close
13.40
Day High
13.58
Day Low
13.42
52 Week High
09/8/14 - 14.96
52 Week Low
06/30/15 - 13.30
Market Cap
24.1B
Average Volume 10 Days
1.1M
EPS TTM
1.22
Shares Outstanding
1.8B
EX-Date
03/10/15
P/E TM
11.0x
Dividend
0.41
Dividend Yield
3.06%
Current Stock Chart for HONG LEONG BANK BERHAD (HLBK)

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hong leong bank berhad (HLBK) Details

Hong Leong Bank Berhad provides various banking products and services to individuals, businesses, and companies. It offers personal products and services, including savings and current accounts, fixed deposits, and foreign currency accounts, and fixed deposits; credit cards; structured investments, unit trust schemes, floating rate negotiable instruments, and bonds; property loans, personal loans, auto loans, and share financing; remittances; and travel and car, home, and protection insurance products, as well as savings with protection. The company also provides business banking products and services comprising business and SME current accounts, basic current accounts, foreign currency accounts, and business flexi FDs and fixed deposits; working capital loans and financing, term loans, overdraft facility, and revolving credit; letter of credit, collections, shipping guarantee, and bank guarantee; and bankers’ acceptance, invoice financing, trust receipts, foreign/domestic bills of exchange purchased, advance against trade, and export credit refinancing services. In addition, it offers priority banking products and services comprising premium fixed deposits; share margin financing, initial public offer and financing, and mortgage products; and unit trust funds, dual currency investments, equity linked investments, and ebroking services. Further, the company provides Islamic banking services; forex products, derivatives, money markets products, Islamic money products, and investment products; and online, mobile, and phone banking services, as well as ATM services. The company operates 291 branches and sales centres in Malaysia, 1 branch in Singapore, 1 branch in Hong Kong, 4 branches in Vietnam, 1 branch in Cambodia, and a representative office in Nanjing, as well as approximately 1400 self-service terminals. Hong Leong Bank Berhad was founded in 1905 and is based in Kuala Lumpur, Malaysia. Hong Leong Bank Berhad is a subsidiary of Hong Leong Financial Group Berhad.

Founded in 1905

hong leong bank berhad (HLBK) Top Compensated Officers

Chief Executive Officer, Group Managing Direc...
Total Annual Compensation: 3.8M
Compensation as of Fiscal Year 2014.

hong leong bank berhad (HLBK) Key Developments

Hong Leong Bank Berhad Announces Unaudited Group and Parent Company Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015; Reports Impairment Charges for the Third Quarter Ended March 31, 2015

Hong Leong Bank Berhad announced unaudited group and parent company earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the group recorded interest income of MYR 1,515,616,000 as compared to MYR 1,420,475,000 in the previous corresponding quarter. Net interest income was MYR 657,279,000 against MYR 677,733,000 a year ago. Operating profit before allowances was MYR 537,733,000 against MYR 537,742,000 a year ago. Profit before taxation was MYR 662,693,000 against MYR 639,522,000 a year ago. Net profit attributable to owners of the parent was MYR 519,166,000 against MYR 500,049,000 a year ago. Basic and diluted earnings per share were 29.4 sen against 28.4 sen a year ago. Net asset per share attributable to ordinary equity holders of the parent was MYR 8.83 as on March 31, 2015 against MYR 8.24 as on June 30, 2014. The increase in pre-tax profit was mainly due to higher net income of MYR 39.8 million, higher write back on allowance for impairment losses on loans, advances and financing of MYR 31.8 million coupled with higher share of profit from Bank of Chengdu and joint venture totaling MYR 4.0 million. For nine months, the group recorded interest income of MYR 4,561,185,000 as compared to MYR 4,256,109,000 in the previous corresponding quarter. Net interest income was MYR 2,084,029,000 against MYR 1,984,896,000 a year ago. Operating profit before allowances was MYR 1,683,236,000 against MYR 1,707,554,000 a year ago. Profit before taxation was MYR 2,073,653,000 against MYR 2,002,267,000 a year ago. Net profit attributable to owners of the parent was MYR 1,618,336,000 against MYR 1,564,823,000 a year ago. Diluted earnings per share were 91.6 sen against 88.8 sen a year ago. Net cash used in operating activities was MYR 4,369,466,000 against net cash generated from operating activities of MYR 2,170,509,000 a year ago. Purchase of property and equipment was MYR 145,073,000 against MYR 101,103,000 a year ago. Purchase of intangible assets was MYR 35,750,000 against MYR 85,849,000 a year ago. The pre-tax profit increased due to higher write back of allowance for impairment losses on loans, advances and financing of MYR 103.2 million and higher share of profit from Bank of Chengdu and joint venture totaling MYR 18.0 million. For the quarter, the company reported interest income was MYR 1,504,522,000 against MYR 1,419,993,000 a year ago. Net interest income was MYR 643,607,000 against MYR 665,261,000 a year ago. Operating profit before allowances was MYR 525,960,000 against MYR 479,768,000 a year ago. Profit before taxation was MYR 554,974,000 against MYR 471,685,000 a year ago. Profit attributable to owners of the parent was MYR 414,011,000 against MYR 351,297,000 a year ago. Diluted earnings per share were 23.4 sen against 19.9 sen a year ago. For the nine months, the company reported interest income was MYR 4,535,587,000 against MYR 4,277,175,000 a year ago. Net interest income was MYR 2,044,994,000 against MYR 1,948,625,000 a year ago. Operating profit before allowances was MYR 1,695,653,000 against MYR 1,637,109,000 a year ago. Profit before taxation was MYR 1,781,107,000 against MYR 1,641,357,000 a year ago. Profit attributable to owners of the parent was MYR 1,329,456,000 against MYR 1,221,844,000 a year ago. Basic and diluted earnings per share were 75.3 sen against 69.4 sen a year ago. Net cash used in operating activities was MYR 3,939,838,000 against net cash generated from operating activities of MYR 1,223,445,000 a year ago. Purchase of property and equipment was MYR 122,846,000 against MYR 92,675,000 a year ago. Purchase of intangible assets was MYR 32,696,000 against MYR 75,806,000 a year ago. For the quarter, the company recorded writes back of impairment losses of MYR 7,008,000 against MYR 19,689,000 a year ago.

Hong Leong Bank Berhad Appoints Datuk Wira AZHAR BIN ABDUL HAMID as Independent and Non Executive Director

Hong Leong Bank Berhad announced the appointment of Datuk Wira AZHAR BIN ABDUL HAMID as Independent and Non Executive Director, effective May 15, 2015. Datuk Wira Azhar is presently the Group Managing Director of Tradewinds Corporation Berhad.

Hong Leong Bank Berhad Announces Unaudited Group and Company Earnings Results for the Second Quarter and Six Months Ended December 31, 2014; Announces Writes Back of Impairment Losses for the Fourth Quarter Ended December 31, 2014; Recommends Interim Dividend for the Six Months Ended December 31, 2014, Payable March 26, 2015

Hong Leong Bank Berhad announced unaudited group and parent company earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the group recorded profit before tax of MYR 707,025,000 as compared to MYR 663,406,000 in the previous corresponding quarter. Net interest income was MYR 711,351,000 against MYR 651,613,000 a year ago. Operating profit before allowances was MYR 560,084,000 against MYR 595,360,000 a year ago. Net profit attributable to owners of the parent was MYR 551,602,000 against MYR 520,287,000 a year ago. Diluted earnings per share were 31.2 sen against 29.5 sen a year ago. Interest income was MYR 1,543,064,000 compared to MYR 1,409,334,000 for the last year. For six months, the group reported higher profit before tax of MYR 1,410,960,000 as compared to MYR 1,362,745,000 in the previous corresponding period. Net interest income was MYR 1,426,750,000 against MYR 1,307,163,000 a year ago. Operating profit before allowances was MYR 1,145,503,000 against MYR 1,169,812,000 a year ago. Net profit attributable to owners of the parent was MYR 1,099,170,000 against MYR 1,064,774,000 a year ago. Diluted earnings per share were 62.3 sen against 60.4 sen a year ago. Net cash used in operating activities was MYR 3,035,797,000 against net cash generated from operating activities of MYR 2,756,109,000 a year ago. Purchase of property and equipment was MYR 88,624,000 against MYR 118,040,000 a year ago. Purchase of intangible assets was MYR 25,795,000 against MYR 26,278,000 a year ago. Revenue for the period rose to MYR 2.084 billion from MYR 2.006 billion. Interest income was MYR 3,045,569,000 compared to MYR 2,835,634,000 for the last year. For the quarter, the company reported net interest income was MYR 698,743,000 against MYR 639,702,000 a year ago. Operating profit before allowances was MYR 644,684,000 against MYR 573,570,000 a year ago. Profit before taxation was MYR 678,343,000 against MYR 558,497,000 a year ago. Profit attributable to shareholders was MYR 506,044,000 against MYR 416,123,000 a year ago. Diluted earnings per share were 28.7 sen against 23.6 sen a year ago. Interest income was MYR 1,535,063,000 compared to MYR 1,413,058,000 for the last year. For the six months, the company reported net interest income was MYR 1,401,387,000 against MYR 1,283,364,000 a year ago. Operating profit before allowances was MYR 1,169,693,000 against MYR 1,157,341,000 a year ago. Profit before taxation was MYR 1,226,133,000 against MYR 1,169,672,000 a year ago. Profit attributable to shareholders was MYR 915,445,000 against MYR 870,547,000 a year ago. Diluted earnings per share were 51.8 sen against 49.4 sen a year ago. Net cash used in operating activities was MYR 2,477,371,000 against net cash generated from operating activities of MYR 1,397,486,000 a year ago. Purchase of property and equipment was MYR 75,289,000 against MYR 110,422,000 a year ago. Purchase of intangible assets was MYR 23,451,000 against proceeds of MYR 17,536,000 a year ago. The better results were derived mainly from the expansion in loan book and well managed cost of funds. Interest income was MYR 3,031,065,000 compared to MYR 2,857,182,000 for the last year. For the quarter, the company recorded writes back of impairment losses of MYR 1,748,000 against MYR 4,020,000 a year ago. The Board has recommended an interim dividend of 15.0 sen per share for the half-year interim results. Entitlement date is 12 March 2015 ad payment date is March 26, 2015.

 

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Industry Analysis

HLBK

Industry Average

Valuation HLBK Industry Range
Price/Earnings 10.7x
Price/Sales 5.7x
Price/Book 1.5x
Price/Cash Flow 11.4x
TEV/Sales NM Not Meaningful
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