Invest
10 things to know about Hong Leong Financial Group before you invest
By The Fifth Person  •  April 4, 2019

Listed in 1969, Hong Leong Financial Group Berhad (HLFG) has established itself as one of the largest integrated financial conglomerates in Malaysia. It has three main businesses: banking, insurance, and wealth management services. As at 2 April 2019, HLFG is worth RM21.8 billion in market capitalization . It is among the 30 largest corporations listed on Bursa Malaysia and a constituent of the Bursa Malaysia KLCI Index.

In this article, I’ll bring a detailed account of HLFG’s track record over the last 10 years, and provide an update on its latest financial results and valuation.

Here are 10 things to know about Hong Leong Financial Group before you invest:

1. HLFG derives around 89% of its profits before taxation (PBT) from Hong Leong Bank (HBB), a 64.37%-owned subsidiary and one of the leading banking groups in Malaysia. Over the last 10 years, HBB has grown earnings at a compound annual

...
Read the full article
By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance