On 23 October 2017, I wrote an article on Hong Leong Bank Bhd (HLB). On that day, HLB was trading at RM 15.86 a share. Today, HLB’s stock price is RM 20.58 a share, some 30% appreciation within 12 months. Hence, it has outperformed stock prices of all listed local banks in Malaysia, including Public Bank Bhd.

In this article, I’ll share the latest results of HLB and discuss its immediate plans towards the future. Also, I would share a few valuation tools to share how I will personally assess an investment into HLB at RM 20.58 a share. Thus, here are 5 things to know about HLB before you invest.

#1: Asset Quality

Key Statistics FY 2018:

LAF Assets – RM 128.06 billion (As at 30 June 2018)

Residential Mortgage Assets – RM 61.37 billion (48% of LAF assets)

GIL Ratio – 0.87%

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