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Wednesday, February 27, 2019

Hong Leong Fin

FY result is out! Net profit is up 38.1% to 118m versus 85m last year. EPS of 26.56 cents. A beautiful set of financial numbers! Final dividend of 10 cents being declared. XD 6th May.


Looks like tomorrow price may Gap up and head higher towards 2.80 then 2.88 level.

NAV $4.20.
PE 10.28x.

Not a call to buy or sell.

Pls dyodd.


Hong Leong Finance Limited provides various financial services for business enterprises and retail customers in Singapore. The company accepts savings and business current accounts, as well as fixed deposits. It also offers new and used car, home, and private housing loans, as well as share financing services; and mortgage equity services. In addition, the company provides commercial and industrial property, development, HDB SME, SME equipment and factory, SME micro, SME working capital, and working capital term loans, as well as loans for conservation property; internationalization finance and loan insurance schemes; equipment financing and refinancing, factoring and accounts receivable financing, hire purchase, inventory financing, medical asset financing, project receivables and payables financing, revolving working capital financing, and suppliers’ invoice and vessel financing services; letters of credit; and SME care programs. Further, it offers corporate advisory services comprising financial advisory, mergers and acquisitions, restructuring, project and investment evaluation, and independent financial advisory services; and equity fund raising services consisting of initial public offering, secondary fund raising, and shares underwriting services, as well as operates as an issue manager and catalist full sponsor. It operates through a network of 28 branches. The company was incorporated in 1961 and is headquartered in Singapore. Hong Leong Finance Limited is a subsidiary of Hong Leong Investment Holdings Pte. Ltd.


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