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Latest Forum Topics / Hong Leong Fin    Last:2.5 --  Post Reply
HL Finance as proxy of Singapore future

john_ric
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24-Feb-2022 13:51     
 
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 Alert Admin 		down a bit in sympathise with sti and dow.
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john_ric
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23-Feb-2022 20:15     
 
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 Alert Admin 		Good.
Higher final div.
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chachabobo
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23-Feb-2022 20:04     
 
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 Alert Admin 		Why u like to follow me whatever I go ?

borussia      ( Date: 23-Feb-2022 20:03) Posted:

will fly ?

SDEXXXXD      ( Date: 23-Feb-2022 19:51) Posted:

Review of the performance of the Group The Group recorded a strong recovery in net attributable profit for second half 2021 at $40.1 million, grew 46.5% from the same period last year. For the full year ended 31 December 2021, the Group reported operating profit of $102.0 million before loan loss allowances and tax, up 23.7%. The net attributable profit was $84.8 million, improved 32.7% from the previous year, driven by stepped-up effort in managing the cost of fund and lower loan loss allowances. For second half 2021, net interest income rose by 37.2% to $88.7 million, as the strategic management of deposit reap a substantial saving in funding cost, outpaced the prolonged low loan and asset yields. The net interest income for 2021 surged by 21.2% to $178.0 million, on the back of improved net interest margin at 1.41%, lifted by 32 basis points. The fee and commission income increased 20.2% to $6.5 million for second half 2021 and 9.3% to $11.2 million for the full year 2021 from both lending and corporate finance activities. In second half 2021, staff and operating expenses after normalising the offset of budget relief measures of $2.6 million was higher by 6.8% mainly attributed to enhancement of technology and compliance risk management. For the full year 2021, total staff and operating expenses increased by 14.5% to $87.4 million for the year on lower base last year. Excluding budget relief grants totalling $0.1 million in the current year and $10.4 million in prior year mainly for the offset of staff cost from Jobs Support Scheme, there was a slight increase of 0.8% year-on-year with tightened cost management of discretionary expenses. The net allowances for loans and other financial assets for the second half 2021 was higher at $3.1 million mainly due to additional allowances for credit-impaired loan on a prudent approach. For the full year 2021, the net allowances for loans and other financial assets declined to $0.06 million as the allowance for creditimpaired loans was partially offset by lower allowance for non credit-impaired loans with improved credit risk parameters and bad debt recovered. The Group continues to stay vigilant in its credit risk management and set aside adequate loss allowances to cover its loan portfolio, taking into consideration the potential downside risk on the sectorial impact of the pandemic.   

Net loan assets totalling $10,695 million as at 31 December 2021, came down by 2.3% or $253 million over the previous year&rsquo s base of $10,948 million as at 31 December 2020. The loan portfolio remained well-secured. In tandem with the lower net loan growth and to optimise funding costs, deposits and balances of customers were pared down to $10,807 million as at 31 December 2021, representing a decrease of 3.5% or $387 million over the previous year&rsquo s base of $11,194 million as at 31 December 2020. Cash and cash equivalents including statutory deposit with the Monetary Authority of Singapore (&ldquo MAS&rdquo ) together with Singapore Government debt securities, MAS Bills and MAS FRN held as liquid assets amounted to $2,184 million as at 31 December 2021 (31 December 2020: $2,337 million). The Group&rsquo s balance sheet remained resilient with ample liquidity and strong capital to sustain lending activities and remains well-positioned to ride through the economy recovery, amid market uncertainties. Group shareholders&rsquo funds as at 31 December 2021 totalled $1,963 million (31 December 2020: $1,918 million) with higher net asset value at $4.38 per share (31 December 2020: $4.29 per share). There has been no forecast or prospect statement previously disclosed to shareholders in respect of the period under review. 

Dividends A Final Dividend of 8.25 cents per share (tax exempt one-tier) is recommended by the directors for approval by shareholders in respect of the year ended 31 December 2021. Subject to shareholders&rsquo approval at the Annual General Meeting to be held on 29 April 2022, the dividend will be payable on 27 May 2022. 


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borussia
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23-Feb-2022 20:03     
 
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 Alert Admin 		will fly ?

SDEXXXXD      ( Date: 23-Feb-2022 19:51) Posted:

Review of the performance of the Group The Group recorded a strong recovery in net attributable profit for second half 2021 at $40.1 million, grew 46.5% from the same period last year. For the full year ended 31 December 2021, the Group reported operating profit of $102.0 million before loan loss allowances and tax, up 23.7%. The net attributable profit was $84.8 million, improved 32.7% from the previous year, driven by stepped-up effort in managing the cost of fund and lower loan loss allowances. For second half 2021, net interest income rose by 37.2% to $88.7 million, as the strategic management of deposit reap a substantial saving in funding cost, outpaced the prolonged low loan and asset yields. The net interest income for 2021 surged by 21.2% to $178.0 million, on the back of improved net interest margin at 1.41%, lifted by 32 basis points. The fee and commission income increased 20.2% to $6.5 million for second half 2021 and 9.3% to $11.2 million for the full year 2021 from both lending and corporate finance activities. In second half 2021, staff and operating expenses after normalising the offset of budget relief measures of $2.6 million was higher by 6.8% mainly attributed to enhancement of technology and compliance risk management. For the full year 2021, total staff and operating expenses increased by 14.5% to $87.4 million for the year on lower base last year. Excluding budget relief grants totalling $0.1 million in the current year and $10.4 million in prior year mainly for the offset of staff cost from Jobs Support Scheme, there was a slight increase of 0.8% year-on-year with tightened cost management of discretionary expenses. The net allowances for loans and other financial assets for the second half 2021 was higher at $3.1 million mainly due to additional allowances for credit-impaired loan on a prudent approach. For the full year 2021, the net allowances for loans and other financial assets declined to $0.06 million as the allowance for creditimpaired loans was partially offset by lower allowance for non credit-impaired loans with improved credit risk parameters and bad debt recovered. The Group continues to stay vigilant in its credit risk management and set aside adequate loss allowances to cover its loan portfolio, taking into consideration the potential downside risk on the sectorial impact of the pandemic.   

Net loan assets totalling $10,695 million as at 31 December 2021, came down by 2.3% or $253 million over the previous year&rsquo s base of $10,948 million as at 31 December 2020. The loan portfolio remained well-secured. In tandem with the lower net loan growth and to optimise funding costs, deposits and balances of customers were pared down to $10,807 million as at 31 December 2021, representing a decrease of 3.5% or $387 million over the previous year&rsquo s base of $11,194 million as at 31 December 2020. Cash and cash equivalents including statutory deposit with the Monetary Authority of Singapore (&ldquo MAS&rdquo ) together with Singapore Government debt securities, MAS Bills and MAS FRN held as liquid assets amounted to $2,184 million as at 31 December 2021 (31 December 2020: $2,337 million). The Group&rsquo s balance sheet remained resilient with ample liquidity and strong capital to sustain lending activities and remains well-positioned to ride through the economy recovery, amid market uncertainties. Group shareholders&rsquo funds as at 31 December 2021 totalled $1,963 million (31 December 2020: $1,918 million) with higher net asset value at $4.38 per share (31 December 2020: $4.29 per share). There has been no forecast or prospect statement previously disclosed to shareholders in respect of the period under review. 

Dividends A Final Dividend of 8.25 cents per share (tax exempt one-tier) is recommended by the directors for approval by shareholders in respect of the year ended 31 December 2021. Subject to shareholders&rsquo approval at the Annual General Meeting to be held on 29 April 2022, the dividend will be payable on 27 May 2022. 

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SDEXXXXD
Veteran
23-Feb-2022 19:51     
 
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 Alert Admin 		Review of the performance of the Group The Group recorded a strong recovery in net attributable profit for second half 2021 at $40.1 million, grew 46.5% from the same period last year. For the full year ended 31 December 2021, the Group reported operating profit of $102.0 million before loan loss allowances and tax, up 23.7%. The net attributable profit was $84.8 million, improved 32.7% from the previous year, driven by stepped-up effort in managing the cost of fund and lower loan loss allowances. For second half 2021, net interest income rose by 37.2% to $88.7 million, as the strategic management of deposit reap a substantial saving in funding cost, outpaced the prolonged low loan and asset yields. The net interest income for 2021 surged by 21.2% to $178.0 million, on the back of improved net interest margin at 1.41%, lifted by 32 basis points. The fee and commission income increased 20.2% to $6.5 million for second half 2021 and 9.3% to $11.2 million for the full year 2021 from both lending and corporate finance activities. In second half 2021, staff and operating expenses after normalising the offset of budget relief measures of $2.6 million was higher by 6.8% mainly attributed to enhancement of technology and compliance risk management. For the full year 2021, total staff and operating expenses increased by 14.5% to $87.4 million for the year on lower base last year. Excluding budget relief grants totalling $0.1 million in the current year and $10.4 million in prior year mainly for the offset of staff cost from Jobs Support Scheme, there was a slight increase of 0.8% year-on-year with tightened cost management of discretionary expenses. The net allowances for loans and other financial assets for the second half 2021 was higher at $3.1 million mainly due to additional allowances for credit-impaired loan on a prudent approach. For the full year 2021, the net allowances for loans and other financial assets declined to $0.06 million as the allowance for creditimpaired loans was partially offset by lower allowance for non credit-impaired loans with improved credit risk parameters and bad debt recovered. The Group continues to stay vigilant in its credit risk management and set aside adequate loss allowances to cover its loan portfolio, taking into consideration the potential downside risk on the sectorial impact of the pandemic.   

Net loan assets totalling $10,695 million as at 31 December 2021, came down by 2.3% or $253 million over the previous year&rsquo s base of $10,948 million as at 31 December 2020. The loan portfolio remained well-secured. In tandem with the lower net loan growth and to optimise funding costs, deposits and balances of customers were pared down to $10,807 million as at 31 December 2021, representing a decrease of 3.5% or $387 million over the previous year&rsquo s base of $11,194 million as at 31 December 2020. Cash and cash equivalents including statutory deposit with the Monetary Authority of Singapore (&ldquo MAS&rdquo ) together with Singapore Government debt securities, MAS Bills and MAS FRN held as liquid assets amounted to $2,184 million as at 31 December 2021 (31 December 2020: $2,337 million). The Group&rsquo s balance sheet remained resilient with ample liquidity and strong capital to sustain lending activities and remains well-positioned to ride through the economy recovery, amid market uncertainties. Group shareholders&rsquo funds as at 31 December 2021 totalled $1,963 million (31 December 2020: $1,918 million) with higher net asset value at $4.38 per share (31 December 2020: $4.29 per share). There has been no forecast or prospect statement previously disclosed to shareholders in respect of the period under review. 

Dividends A Final Dividend of 8.25 cents per share (tax exempt one-tier) is recommended by the directors for approval by shareholders in respect of the year ended 31 December 2021. Subject to shareholders&rsquo approval at the Annual General Meeting to be held on 29 April 2022, the dividend will be payable on 27 May 2022. 
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chachabobo
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23-Feb-2022 19:50     
 
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spursfan
Supreme
23-Feb-2022 19:49     
 
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 Alert Admin 		Full Year Financial Statements And Dividend Announcement -profit up 32%-dividend 8.25cts.... https://links.sgx.com/1.0.0/corporate-announcements/0QDNYMZGZEE1VDXW/703330_HLF_Anno_Dec21_FINAL.pdf
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borussia
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22-Feb-2022 14:23     
 
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 Alert Admin 		are they selling on news?
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chachabobo
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22-Feb-2022 11:09     
 
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 Alert Admin 		100 shares for 2.6 again
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chachabobo
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22-Feb-2022 11:03     
 
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 Alert Admin 		You also know Internal conflict ?

bornloser      ( Date: 22-Feb-2022 10:49) Posted:

Change management You can see the difference
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bornloser
Senior
22-Feb-2022 10:49     
 
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 Alert Admin 		Change management You can see the difference
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ohm136
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22-Feb-2022 00:57     
 
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 Alert Admin 		Banks have gone up to pre-pandemic levels, why HLF has not?
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chachabobo
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21-Feb-2022 17:35     
 
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SDEXXXXD
Veteran
21-Feb-2022 13:55     
 
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 Alert Admin 		$2.60 plus maybe special dividend coming  heart
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chachabobo
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21-Feb-2022 13:42     
 
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Charlie Munger on the Value of Patience

According to Warren Buffett' s long-time business partner, patience can be a profitable virtue



Charlie Munger  (Trades,  Portfolio) is a living legend of the investing world. At 96, he has been intimately involved in the stock market for longer than virtually anyone else alive today. The fruits of Munger' s long career are clearly visible in the performance of Berkshire Hathaway (BRK.A)(BRK.B), which he helped  Warren Buffett  (Trades,  Portfolio) build into a wildly profitable conglomerate and investment vehicle. 

According to Munger, patience has been a key determinant of his long and successful track record.

Value investing is about more than valuation

Munger has long held the view that rigorous adherence to the core tenets of value investing is the surest path to lasting success in the market. Countless investors have striven to follow in Munger' s footsteps, yet some of his disciples seem to believe that only quantitative factors, such as valuation multiples and strategic moats, should matter to a value investor. Many fail to pay sufficient attention to some Munger' s most important lessons and insights, especially those regarding the psychological component of investing.

Munger has made a lifelong study of human psychology, which has shaped and informed his whole philosophy of value investing. A value investor is, by nature, a contrarian of sorts. For a value play to succeed, an investor must act when the rest of the market is not, whether through misjudgment, ignorance, or fear. Thus, it is unsurprising that Munger has sought to better understand why people make erroneous, or at least sub-optimal, decisions. By understanding psychology both of oneself and of others, an investor can better identify and seize rare opportunities.

Patience is a profitable virtue

Patience is widely seen as a virtue, and for good reason. But it can also be profitable, according to Munger. Indeed, he has claimed publicly that Berkshire' s market-beating success can be attributed in large part to his and Buffett' s  supremely patient approach:


" If you took our top fifteendecisions  out,  we' d have  a  pretty average record.  It  wasn' t hyperactivity, but  a  hell of  a  lot of patience.  You  stuck to  yourprinciples and when  opportunitiescame along,  you  pounced on them with vigor."


In other words, a few key investment decisions &ndash made over the course of several decades &ndash made the difference between an average performer and a titanic success. By remaining patient and keeping a cool head, an investor is able to both avoid making bad decisions and be ready when rare moments of opportunity emerge.

Keep calm no matter the market conditions

Value investors are humans too. They are susceptible to human psychological pressures. As Munger has pointed out many times over the years, succumbing to such pressures can  prove costly:


" You need to keep raw irrational emotion under control. You need patience and discipline and an ability to take losses and adversity without going crazy. You need an ability to not be driven crazy by extreme success."


Self control is a valuable skill in any walk of life. It is absolutely vital when it comes to investing. Unfortunately, the bias for action and the impulse to " do something" can cause investors to make irrational decisions. For some market participants, such as portfolio managers and wealth planners, the pressure can be even greater as they may feel compelled to demonstrate value to customers through action. By the same token, success can lead to overconfidence. Thus,  Munger has sought to impart to others the value of patience at all times: Be patient in waiting for opportunities, but do not succumb to irrational exuberance when they do emerge.

My verdict

In the stock market, waiting can sometimes be the best strategy. In the case of value investing, it is an essential part of the game. 

Buffeted constantly as they are by an endless stream of data, news and signals, investors today may find it harder than ever to keep their cool and wait patiently for an investment thesis to play out. But as Munger' s long career has shown, patience pays.  Keep calm, carry on and trade carefully
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chachabobo
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21-Feb-2022 13:15     
 
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chachabobo
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21-Feb-2022 10:52     
 
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chachabobo
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20-Feb-2022 17:07     
 
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SDEXXXXD      ( Date: 20-Feb-2022 16:38) Posted:

Maybe got chance special dividend

chachabobo      ( Date: 20-Feb-2022 16:23) Posted:

Result will be on 23Rd feb
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SDEXXXXD
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20-Feb-2022 16:38     
 
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 Alert Admin 		Maybe got chance special dividend

chachabobo      ( Date: 20-Feb-2022 16:23) Posted:

Result will be on 23Rd feb
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chachabobo
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20-Feb-2022 16:23     
 
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 Alert Admin 		Result will be on 23Rd feb
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