Highlights
KLSE: HLIND (3301)       HONG LEONG INDUSTRIES BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
9.37   -0.01 (0.11%)  9.28 - 9.39  17,200
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Financials


Market Cap: 3,072 Million

Market Cap 3,072 Million
NOSH 328 Million

Latest Audited Result:  30-Jun-2022

Latest Audited Result: 30-Jun-2022
Announcement Date 04-Oct-2022
Next Audited Result: 30-Jun-2023
Est. Ann. Date: 04-Oct-2023
Est. Ann. Due Date: 27-Dec-2023

Latest Quarter:  30-Sep-2022 [#1]

Latest Quarter: 30-Sep-2022 [#1]
Announcement Date 24-Nov-2022
Next Quarter: 31-Dec-2022
Est. Ann. Date: 23-Feb-2023
Est. Ann. Due Date: 01-Mar-2023
QoQ | YoY   12.66%  |    12,268.73%

Annual (Unaudited) ( EPS: 64.33, P/E: 14.57 )

Revenue | NP to SH 2,466,417  |  210,939
RPS | P/RPS 752.18 Cent  |  1.25
EPS | P/E | EY 64.33 Cent  |  14.57  |  6.87%
DPS | DY | Payout % 49.88 Cent  |  5.32%  |  77.54%
NAPS | P/NAPS 5.81  |  1.61
YoY   -27.73%
NP Margin | ROE 11.26%  |  11.07%
F.Y. | Ann. Date 30-Jun-2022  |  19-Aug-2022

T4Q Result ( EPS: 89.10, P/E: 10.52 )

Revenue | NP to SH 3,073,871  |  292,163
RPS | P/RPS 937.43 Cent  |  1.00
EPS | P/E | EY 89.10 Cent  |  10.52  |  9.51%
DPS | DY | Payout % 52.74 Cent  |  5.63%  |  59.20%
NAPS | P/NAPS 6.08  |  1.54
QoQ | YoY   38.50%  |    20.82%
NP Margin | ROE 12.34%  |  14.65%
F.Y. | Ann. Date 30-Sep-2022  |  24-Nov-2022

Annualized Result ( EPS: 99.88, P/E: 9.38 )

Revenue | NP to SH 3,537,796  |  327,524
RPS | P/RPS 1,078.92 Cent  |  0.87
EPS | P/E | EY 99.88 Cent  |  9.38  |  10.66%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   55.27%  |    12,268.73%
NP Margin | ROE 11.94%  |  16.42%
F.Y. | Ann. Date 30-Sep-2022  |  24-Nov-2022


Hints :
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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
30-Jun-2023 24-Nov-2022 30-Sep-2022 1 884,449 133,967 105,585 81,881 62,905 1,994,088 76.82% 11.94% 4.11% 314,525 281.20 269.73 26.03 24.97 20.00 19.18 6.3400 6.08   12.66%   12,268.73% 30-Sep-2022 9.09 3.23 34.92 1.43 2.86% 2.20% 24-Nov-2022 9.22 3.28 35.42 1.45 2.82% 2.17%
30-Jun-2022 19-Aug-2022 30-Jun-2022 4 777,114 129,143 95,133 72,677 - 1,906,021 - % 12.24% 3.81% 314,525 247.08 237.00 23.11 22.16 0.00 0.00 6.0600 5.81   13.86%   82.43% 30-Jun-2022 8.71 3.53 37.69 1.44 2.65% 0.00% 19-Aug-2022 9.30 3.76 40.25 1.53 2.48% 0.00%
30-Jun-2022 25-May-2022 31-Mar-2022 3 635,241 109,294 81,797 63,828 110,047 1,958,842 172.41% 12.88% 3.26% 314,421 202.04 193.73 20.30 19.47 35.00 33.56 6.2300 5.97   -13.49%   -36.86% 31-Mar-2022 9.10 4.50 44.83 1.46 2.23% 3.85% 25-May-2022 8.99 4.45 44.29 1.44 2.26% 3.89%
30-Jun-2022 23-Feb-2022 31-Dec-2021 2 777,067 132,278 96,699 73,777 - 1,920,861 - % 12.44% 3.84% 314,380 247.17 236.98 23.47 22.50 0.00 0.00 6.1100 5.86   11,044.56%   -26.40% 31-Dec-2021 9.18 3.71 39.12 1.50 2.56% 0.00% 23-Feb-2022 9.70 3.92 41.33 1.59 2.42% 0.00%
30-Jun-2022 22-Nov-2021 30-Sep-2021 1 276,995 6,273 4,033 662 53,444 1,883,136 8,073.20% 1.46% 0.04% 314,380 88.11 84.47 0.21 0.20 17.00 16.30 5.9900 5.74   -98.34%   -98.69% 30-Sep-2021 8.86 10.06 4,207.56 1.48 0.02% 1.92% 9.00 10.21 4,274.05 1.50 0.02% 1.89%
30-Jun-2021 20-Sep-2021 30-Jun-2021 4 463,798 60,794 51,368 39,839 - 1,866,829 - % 11.08% 2.13% 314,281 147.57 141.44 12.67 12.15 0.00 0.00 5.9400 5.69   -60.59%   234.72% 30-Jun-2021 9.22 6.25 72.73 1.55 1.37% 0.00% 20-Sep-2021 8.90 6.03 70.21 1.50 1.42% 0.00%
30-Jun-2021 28-May-2021 31-Mar-2021 3 745,959 161,995 133,001 101,082 109,996 1,935,940 108.82% 17.83% 5.22% 314,276 237.36 227.49 32.16 30.83 35.00 33.55 6.1600 5.90   0.84%   75.71% 31-Mar-2021 9.39 3.96 29.19 1.52 3.43% 3.73% 9.52 4.01 29.60 1.55 3.38% 3.68%
30-Jun-2021 26-Feb-2021 31-Dec-2020 2 770,679 156,458 130,472 100,237 - 1,800,566 - % 16.93% 5.57% 314,235 245.26 235.03 31.90 30.57 0.00 0.00 5.7300 5.49   97.61%   28.34% 31-Dec-2020 8.89 3.62 27.87 1.55 3.59% 0.00% 26-Feb-2021 8.18 3.34 25.64 1.43 3.90% 0.00%
30-Jun-2021 24-Nov-2020 30-Sep-2020 1 652,660 93,029 71,346 50,724 534 1,740,861 1.05% 10.93% 2.91% 314,235 207.70 199.04 16.14 15.47 0.17 0.16 5.5400 5.31   271.53%   -19.93% 30-Sep-2020 7.49 3.61 46.40 1.35 2.16% 0.02% 24-Nov-2020 8.24 3.97 51.05 1.49 1.96% 0.02%
30-Jun-2020 26-Aug-2020 30-Jun-2020 4 311,112 -11,004 -25,520 -29,572 - 1,677,336 - % -8.20% -1.76% 314,108 99.05 94.88 -9.41 -9.02 0.00 0.00 5.3400 5.12   -151.40%   -137.01% 30-Jun-2020 8.01 8.09 -85.08 1.50 -1.18% 0.00% 26-Aug-2020 7.62 7.69 -80.94 1.43 -1.24% 0.00%
30-Jun-2020 22-May-2020 31-Mar-2020 3 621,889 98,914 77,543 57,529 78,502 1,780,442 136.46% 12.47% 3.23% 314,011 198.05 189.66 18.32 17.54 25.00 23.94 5.6700 5.43   -26.34%   -36.36% 31-Mar-2020 7.54 3.81 41.16 1.33 2.43% 3.32% 22-May-2020 8.16 4.12 44.54 1.44 2.25% 3.06%
30-Jun-2020 26-Feb-2020 31-Dec-2019 2 746,890 127,213 102,537 78,100 - 1,720,681 - % 13.73% 4.54% 313,993 237.87 227.78 24.87 23.82 0.00 0.00 5.4800 5.25   23.28%   -9.96% 31-Dec-2019 10.42 4.38 41.89 1.90 2.39% 0.00% 26-Feb-2020 9.40 3.95 37.79 1.72 2.65% 0.00%
30-Jun-2020 26-Nov-2019 30-Sep-2019 1 777,238 109,069 84,881 63,351 53,378 1,692,422 84.26% 10.92% 3.74% 313,993 247.53 237.03 20.18 19.32 17.00 16.28 5.3900 5.16   -20.72%   -9.56% 30-Sep-2019 10.32 4.17 51.15 1.91 1.96% 1.65% 26-Nov-2019 10.64 4.30 52.74 1.97 1.90% 1.60%
30-Jun-2019 29-Aug-2019 30-Jun-2019 4 681,095 127,240 101,586 79,904 - 1,626,483 - % 14.92% 4.91% 313,993 216.91 207.71 25.45 24.37 0.00 0.00 5.1800 4.96   -11.61%   -25.01% 28-Jun-2019 11.28 5.20 44.33 2.18 2.26% 0.00% 29-Aug-2019 10.50 4.84 41.26 2.03 2.42% 0.00%
30-Jun-2019 28-May-2019 31-Mar-2019 3 693,526 138,436 113,462 90,396 109,866 1,657,407 121.54% 16.36% 5.45% 313,903 220.94 211.50 28.80 27.57 35.00 33.51 5.2800 5.05   4.22%   42.95% 29-Mar-2019 9.96 4.51 34.59 1.89 2.89% 3.51% 28-May-2019 10.76 4.87 37.36 2.04 2.68% 3.25%
30-Jun-2019 18-Feb-2019 31-Dec-2018 2 702,847 127,255 106,224 86,739 - 1,566,550 - % 15.11% 5.54% 313,938 223.88 214.35 27.63 26.45 0.00 0.00 4.9900 4.78   23.83%   4.58% 31-Dec-2018 8.50 3.80 30.76 1.70 3.25% 0.00% 18-Feb-2019 9.42 4.21 34.09 1.89 2.93% 0.00%
30-Jun-2019 12-Nov-2018 30-Sep-2018 1 672,914 107,843 88,025 70,046 47,061 1,534,213 67.19% 13.08% 4.57% 313,745 214.48 205.22 22.33 21.36 15.00 14.35 4.8900 4.68   -34.26%   -14.43% 28-Sep-2018 10.64 4.96 47.66 2.18 2.10% 1.41% 12-Nov-2018 10.56 4.92 47.30 2.16 2.11% 1.42%
30-Jun-2018 28-Aug-2018 30-Jun-2018 4 603,604 131,948 122,737 106,554 - 1,471,498 - % 20.33% 7.24% 312,420 193.20 184.08 34.11 32.50 0.00 0.00 4.7100 4.49   68.50%   201.90% 29-Jun-2018 11.36 5.88 33.31 2.41 3.00% 0.00% 28-Aug-2018 11.46 5.93 33.60 2.43 2.98% 0.00%
30-Jun-2018 24-Apr-2018 31-Mar-2018 3 637,625 97,401 80,593 63,236 99,196 1,413,545 156.87% 12.64% 4.47% 309,988 205.69 194.46 20.40 19.28 32.00 30.25 4.5600 4.31   -23.76%   -14.80% 30-Mar-2018 10.88 5.29 53.33 2.39 1.87% 2.94% 24-Apr-2018 11.00 5.35 53.92 2.41 1.85% 2.91%
30-Jun-2018 05-Feb-2018 31-Dec-2017 2 632,311 117,504 99,552 82,944 - 1,374,095 - % 15.74% 6.04% 309,481 204.31 192.83 26.77 25.30 0.00 0.00 4.4400 4.19   1.33%   20.79% 29-Dec-2017 9.69 4.74 36.16 2.18 2.77% 0.00% 05-Feb-2018 9.50 4.65 35.45 2.14 2.82% 0.00%
30-Jun-2018 09-Nov-2017 30-Sep-2017 1 629,426 117,544 99,470 81,859 46,443 1,356,161 56.74% 15.80% 6.04% 309,626 203.29 191.95 26.44 24.96 15.00 14.16 4.3800 4.14   178.28%   26.39% 29-Sep-2017 9.40 4.62 35.55 2.15 2.81% 1.60% 09-Nov-2017 9.80 4.82 37.07 2.24 2.70% 1.53%
30-Jun-2017 17-Aug-2017 30-Jun-2017 4 569,012 -92,713 -92,549 -104,569 - 1,269,175 - % -16.26% -8.24% 309,555 183.82 173.53 -33.78 -31.89 0.00 0.00 4.1000 3.87   -240.88%   -250.47% 30-Jun-2017 10.14 5.52 -30.02 2.47 -3.33% 0.00% 17-Aug-2017 9.78 5.32 -28.95 2.39 -3.45% 0.00%
30-Jun-2017 25-Apr-2017 31-Mar-2017 3 585,824 102,602 87,147 74,223 92,691 1,476,881 124.88% 14.88% 5.03% 308,971 189.60 178.66 24.02 22.64 30.00 28.27 4.7800 4.50   8.09%   26.55% 31-Mar-2017 9.37 4.94 39.00 1.96 2.56% 3.20% 25-Apr-2017 9.75 5.14 40.59 2.04 2.46% 3.08%
30-Jun-2017 06-Feb-2017 31-Dec-2016 2 561,525 90,979 79,052 68,667 - 1,401,257 - % 14.08% 4.90% 308,647 181.93 171.25 22.27 20.94 0.00 0.00 4.5400 4.27   6.02%   -7.52% 30-Dec-2016 9.40 5.17 42.25 2.07 2.37% 0.00% 06-Feb-2017 9.76 5.36 43.87 2.15 2.28% 0.00%
30-Jun-2017 08-Nov-2016 30-Sep-2016 1 565,754 91,441 77,309 64,766 46,283 1,376,161 71.46% 13.66% 4.71% 308,556 183.36 172.54 20.99 19.75 15.00 14.11 4.4600 4.20   -6.80%   44.50% 30-Sep-2016 9.25 5.04 44.07 2.07 2.27% 1.62% 08-Nov-2016 9.65 5.26 45.97 2.16 2.18% 1.55%
30-Jun-2016 18-Aug-2016 30-Jun-2016 4 573,603 97,299 83,583 69,494 - 1,301,662 - % 14.57% 5.34% 308,450 185.96 174.93 22.53 21.19 0.00 0.00 4.2200 3.97   18.48%   60.08% 30-Jun-2016 8.33 4.48 36.97 1.97 2.70% 0.00% 18-Aug-2016 9.48 5.10 42.08 2.25 2.38% 0.00%
30-Jun-2016 19-Apr-2016 31-Mar-2016 3 555,028 82,768 69,571 58,653 89,428 1,319,846 152.47% 12.53% 4.44% 308,375 179.98 169.27 19.02 17.89 29.00 27.27 4.2800 4.03   -21.01%   27.42% 31-Mar-2016 6.82 3.79 35.86 1.59 2.79% 4.25% 19-Apr-2016 6.84 3.80 35.96 1.60 2.78% 4.24%
30-Jun-2016 02-Feb-2016 31-Dec-2015 2 542,879 96,128 83,196 74,253 - 1,279,692 - % 15.32% 5.80% 308,359 176.05 165.56 24.08 22.64 0.00 0.00 4.1500 3.90   65.66%   108.46% 31-Dec-2015 5.93 3.37 24.63 1.43 4.06% 0.00% 02-Feb-2016 5.62 3.19 23.34 1.35 4.28% 0.00%
30-Jun-2016 17-Nov-2015 30-Sep-2015 1 519,119 66,949 54,230 44,822 40,102 1,255,509 89.47% 10.45% 3.57% 308,479 168.28 158.31 14.53 13.67 13.00 12.23 4.0700 3.83   3.25%   -6.95% 30-Sep-2015 5.70 3.39 39.23 1.40 2.55% 2.28% 17-Nov-2015 6.20 3.68 42.67 1.52 2.34% 2.10%
30-Jun-2015 21-Aug-2015 30-Jun-2015 4 527,800 70,053 54,249 43,411 - 1,187,019 - % 10.28% 3.66% 308,316 171.19 160.96 14.08 13.24 0.00 0.00 3.8500 3.62   -5.69%   -0.15% 30-Jun-2015 4.43 2.59 31.46 1.15 3.18% 0.00% 21-Aug-2015 4.99 2.91 35.44 1.30 2.82% 0.00%
30-Jun-2015 21-Apr-2015 31-Mar-2015 3 551,053 68,256 56,295 46,032 52,414 1,190,110 113.86% 10.22% 3.87% 308,318 178.73 168.05 14.93 14.04 17.00 15.98 3.8600 3.63   29.23%   0.41% 31-Mar-2015 4.48 2.51 30.01 1.16 3.33% 3.79% 21-Apr-2015 4.80 2.69 32.15 1.24 3.11% 3.54%
30-Jun-2015 22-Jan-2015 31-Dec-2014 2 535,558 87,194 47,900 35,620 - 1,141,073 - % 8.94% 3.12% 308,398 173.66 163.33 11.55 10.86 0.00 0.00 3.7000 3.48   -26.05%   -15.41% 31-Dec-2014 4.49 2.59 38.87 1.21 2.57% 0.00% 22-Jan-2015 4.35 2.50 37.66 1.18 2.66% 0.00%
30-Jun-2015 11-Nov-2014 30-Sep-2014 1 524,487 74,997 60,078 48,169 37,005 1,313,700 76.82% 11.45% 3.67% 308,380 170.08 159.95 15.62 14.69 12.00 11.29 4.2600 4.01   10.79%   33.53% 30-Sep-2014 8.42 4.95 53.91 1.98 1.86% 1.43% 11-Nov-2014 4.62 2.72 29.58 1.08 3.38% 2.60%
30-Jun-2014 25-Aug-2014 30-Jun-2014 4 536,321 61,342 54,910 43,478 - 1,261,170 - % 10.24% 3.45% 308,354 173.93 163.56 14.10 13.26 0.00 0.00 4.0900 3.85   -5.16%   -13.25% 30-Jun-2014 6.68 3.84 47.38 1.63 2.11% 0.00% 25-Aug-2014 7.08 4.07 50.21 1.73 1.99% 0.00%
30-Jun-2014 28-Apr-2014 31-Mar-2014 3 506,284 62,357 54,746 45,842 46,242 1,267,051 100.87% 10.81% 3.62% 308,285 164.23 154.40 14.87 13.98 15.00 14.10 4.1100 3.86   8.87%   2.12% 31-Mar-2014 6.47 3.94 43.51 1.57 2.30% 2.32% 28-Apr-2014 6.50 3.96 43.71 1.58 2.29% 2.31%
30-Jun-2014 28-Jan-2014 31-Dec-2013 2 499,346 57,575 50,681 42,108 - 1,220,700 - % 10.15% 3.45% 308,257 161.99 152.28 13.66 12.84 0.00 0.00 3.9600 3.72   16.73%   31.48% 31-Dec-2013 4.84 2.99 35.43 1.22 2.82% 0.00% 28-Jan-2014 5.31 3.28 38.87 1.34 2.57% 0.00%
30-Jun-2014 22-Nov-2013 30-Sep-2013 1 516,529 56,403 47,633 36,074 30,832 1,208,633 85.47% 9.22% 2.98% 308,324 167.53 157.52 11.70 11.00 10.00 9.40 3.9200 3.69   -28.03%   75.53% 30-Sep-2013 5.42 3.24 46.32 1.38 2.16% 1.85% 22-Nov-2013 5.19 3.10 44.36 1.32 2.25% 1.93%
30-Jun-2013 26-Aug-2013 30-Jun-2013 4 535,847 58,690 62,759 50,121 - 1,168,975 - % 11.71% 4.29% 308,436 173.73 163.42 16.25 15.29 0.00 0.00 3.7900 3.57   11.65%   72.94% 28-Jun-2013 4.52 2.60 27.82 1.19 3.60% 0.00% 26-Aug-2013 5.15 2.96 31.69 1.36 3.16% 0.00%
30-Jun-2013 30-Apr-2013 31-Mar-2013 3 553,423 65,957 54,502 44,892 49,331 1,134,632 109.89% 9.85% 3.96% 308,324 179.49 168.78 14.56 13.69 16.00 15.04 3.6800 3.46   40.17%   33.61% 29-Mar-2013 4.30 2.40 29.53 1.17 3.39% 3.72% 30-Apr-2013 4.23 2.36 29.05 1.15 3.44% 3.78%
30-Jun-2013 31-Jan-2013 31-Dec-2012 2 551,715 48,870 41,667 32,026 - 1,106,576 - % 7.55% 2.89% 308,238 178.99 168.26 10.39 9.77 0.00 0.00 3.5900 3.37   55.83%   -11.67% 31-Dec-2012 4.62 2.58 44.47 1.29 2.25% 0.00% 31-Jan-2013 4.40 2.46 42.35 1.23 2.36% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  5 people like this.
 
alexnada Vietnam side should be better now as previously, they were in full lockdown for at least 4 months. The lockdown has been lifted and things are starting to move again. Definitely going to be better in the coming months.
23/11/2021 9:40 AM
Sardin Very likely result is already good in Oct and Nov so that the management made a statement where "barring any further MCO, result for FY 2022 will be satisfactory". Furthermore, in general, Malaysian's income has reduced in the past two years and many M40 has now fallen into B40. These people are then motivated to opt for a cheaper mode of transportation which is motorcycle instead of car, due to affordability and the need to rebuild their emergency fund. Lesser disposable income will also encourage them to save recurring fuel and maintenance expenses which can only be feasibly achieved by choosing motorcycles.
23/11/2021 9:41 AM
firehawk LOL .... only market speaks the truth :D
23/11/2021 9:44 AM
Sardin 80% of the profit comes from market in Malaysia. Contribution from Vietnam is only 20%.

Spread of Covid-19 and MCOs etc. will change the timing of motorcycle production and therefore the transaction but not reducing the demand (the demand should be increasing instead). Therefore recovery would be strong and quick.
23/11/2021 9:48 AM
Thirai Thiraviam @Sardin - Thanks for the information. Looking at the steep decline in revenue, I was apprehensive about the future of the stock.
23/11/2021 5:46 PM
Sardin @Thirai - What you feel is very normal if you just look at the surface of the number alone that happened 5 to 2 months ago because it is not a nice figure. However, to see beyond this or to be able to see the future, you need to digest this figure with OTHER INFORMATION. By checking the quarter result in MCO 1.0 and how the earning recovered after that would help you to understand. You may be able to observe that the company is now coping with MCO 3.0 in a lot more effective way to reduce the impact and also you may be able to see that the shock level to the shareholders is a lot less from how the share price curve changed.
24/11/2021 9:39 AM
Sardin This share is a growth stock + turnaround (from temporary issues). Growth stock generally gives you long term return and turnaround gives you short term return. With these two combined, you can expect a medium return at low risk in within a year. I don't think there would be any buying opportunity for this stock if it is without temporary steep drop of revenue and profit due to MCO 3.0.
24/11/2021 9:46 AM
Sardin If you are still worrying perhaps you should look for other stock that suits your profile better. It is not good to hold any share you do not feel safe about it.
24/11/2021 9:50 AM
Sardin 1. Guocera Holdings Sdn Bhd Group’s new strategy is to move away from
ceramics to focus on the mid to high-end market segments for porcelain
tiles, particularly those with distinctive product features and concept-
based selling. The immediate and long-term plans are to broaden and
deepen market penetration for both domestic and international channels.
(page 19 of Annual Report 2021(“AR2021”))
Apart from key international markets like Vietnam, Thailand, Singapore and
Australia where the Guocera brand is well-recognised, what are the
Group’s plans in terms of penetrating new international markets? What are
the other new international markets that the Group targets to penetrate?
Response:
For Guocera, besides the few countries mentioned in the question, we also export
to Europe, Middle East and America. With our focus on higher-end products, we
are now able to offer a better concept range of products via our existing network
of customers to improve the demand.
2. The Group’s revenue contributed by Singapore customers increased
significantly to RM34.1 million (2020: RM15.3 million) (Note 30, page 129 of
AR2021).
Which of the Group’s products attributed to the increase in revenue from
Singapore customers? What is the expected demand from Singapore
customers for the Group’s products, going forward?
Response:
The significant increase in the Group’s revenue from Singapore customers in
FY2021 as compared to FY2020 which was mainly contributed by Guocera
Group was because of shorter lock-down period in FY2021. We believe that our
higher-end products will also help to improve our sales from Singapore.
impairment losses are disclosed in Note 30 of the Financial Statements (page
121 of 2020 Annual Report).
3. The Group’s 1st quarter ended 30 September 2021 (“1QFY22”) recorded
57.6% drop in revenue to RM277 million (1st quarter ended 30 September
14/01/2022 12:01 PM
Sardin 2020: RM652.66 million), while profit before taxation (“PBT”) declined to
RM6.2 million (1st quarter ended 30 September 2020: RM93.0 million). The
lower revenue and PBT was due to lower sales across all product segments
because of Movement Control Order (“MCO”), which caused the
curtailment of production for 2 months. (Quarterly Report for 1QFY22)
(a) With the gradual reopening and normalisation of economic activities, to-
date, how and to what extent has it impacted the orders for the Group’s
products?
(b) Has the Group’s current production level normalised?
Response:
(a) With gradual reopening and normalisation of economic activities, the orders
for the Group’s products have progressively improved towards the level prior
to the recent lock down.
(b) Although all our factories have resumed operation, there is continual
disruptions to our productions as a consequent of COVID-19, supply issues
and absence of workers due to quarantine.
4. The Group’s inventory has increased from RM212m in FY2020 to RM303m
in FY2021. What is the reason of the high inventory on 30 June FY2021.
(page 69, Statement of Financial Position)
Response:
The increase is mainly due to the increase in the CKD parts stocks in Yamaha
operations. As the CKD parts were ordered 3-4 months ahead, the stocks have
increased because of the continuous arrival of the CKD parts during FMCO
period while the production was curtailed.
5. Page 22 of AR states that "Earnings, capital expenditure requirements,
borrowings repayment, capital adequacy, dividend yield and other relevant
factors are considered by the Board in determining the actual dividend
payout."
As of June 2021, net cash plus money market fund was RM1.25 billion or
RM3.8 per share. The capex was only about RM50 million for FY2021.
As asked in previous AGMs, does the Group have any concrete plan to
substantially invest the excess cash in high return projects? Failing that,
can the Board set a date to return excess cash to shareholders? This will
help to increase the Return on Equity which has been declining.
Response:
14/01/2022 12:03 PM
Sardin The Group has been gradually declaring higher dividend payout over the years
with dividend yield around 5% at the current share price. The Group is likely to
continue to declare dividend on this basis.
6. The share of profit from Vietnam's associate has declined every year from
RM134 million in FY2017 to RM36 million in FY2021. Noted that the decline
has started before the pandemic. What are the root causes? What have the
Vietnamese management done to reverse the trend?
Response:
There was a strong competition on pricing in Vietnam market especially from the
major competitor. Yamaha Vietnam will be introducing a new scooter model and
this is expected to enhance the financial performance of Yamaha Vietnam.
7. HLI has exited the concrete roofing products and distribution of building
materials. The performance of the HLI in the future will be dependent solely
on the manufacturing and sale of consumer products comprising
motorcycles, spare parts and ceramic tiles.
With very strong balance sheet and strong cash reserves, can the
Board/Management provide some updates/guidance to shareholders on
expansion of current core business and potential new business that can
reduce its dependence on the motorcycle business in Malaysia and
Vietnam for its future growth.
Response:
Both ceramic tiles and motorcycles have great potential to grow their businesses.
The Group will continue to explore on new businesses, both in terms of organic
growth and inorganic growth. The Group will also continue to look for opportunity
for potential merger and acquisitions.
8. How is Vietnam e-bike to affect Vietnam’s motorcycle industry? Will it affect
Yamaha’s market share? Will Yamaha come out with e-bike in Vietnam?
Response:
E-bike market in Vietnam is still very early stage with only a few players involved,
this hence would not affect Yamaha’s market share for the time being.
Nonetheless, Yamaha Vietnam has included e-bike industry in its planning.
14/01/2022 12:03 PM
Sardin Above QnA of latest HLIND AGM
14/01/2022 12:11 PM
observatory Sardin, thank you for sharing the Q&A.

The document link can be found here
http://www.hli.com.my/gm_current.php

I attended the AGM. There were many questions asked and answered during the AGM that couldn't be found in the published minutes or Q&A documents!

I've noted a few. For example, there were questions about the number of shifts for the Malaysian motorbike plants (mostly 2 shifts), utilization (80% of current capacity), downtime due to parts shortages (affecting overall production 10% to 15%). There was also a question about frequent changes of senior management in the past few years (they replied it's fine).

The person preparing the minutes is too lazy! It deprives important info from shareholders who couldn't attend the AGM.

He only did the bare minimum to comply with the listing requirement which dictates that listed companies must produce a "Summary of Key Matters Discussed" after their AGMs. Companies much smaller in size than Hong Leong Industries have done better!

I hope someone in the company senior management or the board will read this message.

If you can't do somethings like spending an extra 30 minutes to produce a more complete minutes, how could we shareholders expect you to protect our more important interests?
14/01/2022 8:26 PM
Sardin Hi Observatory, I observed the same too. Actually there's one more thing about hiring of operators. Perhaps some of the info are sensitive to be disclosed. However I agree with you that they should at least give a proper explanation to us. Probably next time we can ask to change the share registrar company. According to the rule the minutes have to be signed by HLIND chairman before it can be published. Either the chairman has also not performed a good job at this or there are other problems we do not know.
21/01/2022 12:29 PM
Sardin Or we can, in the next AGM ask them to explain why they didn't publish the complete Q&A for last AGM.
21/01/2022 12:33 PM
Sardin Given the following situation:
1) 2 shift production (3 shift for certain models)
2) 10% to 15% downtime due to part shortage
3) hiring more operators
4) 80% capacity utilisation
I believe that:
1) demand of motorcycles is high and will remain high (new hiring won't happen just to fill back log)
2) critical part supply (could be chip) is hand to mouth situation due to tight supply and high demand at the same time
3) there's capacity to absorb increasing order and hiring more operators can then be making sense
All these together with other data, next quarter result will be very satisfying. I would be surprised if it is not.
21/01/2022 12:52 PM
Sardin Hi ZZProzaz, it is from people who works in this industry. I'm not sure what was the capacity utilisation prior to Covid 19 but I guess there has been some expansion done and in progress.
28/01/2022 2:09 PM
Sardin "With growing demand for Yamaha's products, HLYM's capacity expansion plans were expedited to fulfil the piling orders and to meet the future growth of the business. Several new facilities have been installed and mass production commented in FY2021 to increase supply output. A new assembly line and inspection facility, equipped with the latest motorcycle evaluation technology, were installed to produce motorcycles of the highest quality." AR 2021.
28/01/2022 2:30 PM
Sardin I read from somewhere that Yamaha has been agressively increasing the number of motorcycle service centre in Malaysia but I couldn't recall the source of the information. Maybe someone else here could help.
28/01/2022 2:37 PM
x3mg33 check this link for motorcycle production and sales in SEA. does not show by brand but gives an idea on overall sales n production. MASAAM represents malaysia.

https://fami-motorcycle.org/databases/
29/01/2022 10:36 PM
Sardin I believe HLIND (Hong Leong Yamaha) like many other companies that produces branded and quality products pay higher than minimum wages to retain skill and productivity. So the impact should be minimal. Also, raising of minimal income domestically means more B40 can afford motorcycles which is their favourite choice of transportation. Therefore I think the positive impact should be higher than the negative impact.
07/02/2022 3:45 PM
Sardin As for the number of workers, I don't have the info but I don't think 15k is the right number. The actual number could be A LOT smaller.
07/02/2022 3:46 PM
i3lurker number of employees is compulsory disclosure inside accounts
07/02/2022 8:12 PM
observatory Disposal by key shareholder. Although it's insignificant to its total 238 million shareholding, I wonder why.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3232124
10/02/2022 7:15 PM
Sardin To lure you selling
10/02/2022 11:03 PM
Sardin As a result, labor intensive and low productivity business will be flushed out over time. Service sector including restaurants and hotels will be more challenging. Leaders in the manufacturing sector that produces excellent products that help the productivity of the B40 and M40 (domestic and export) such as home appliances, motorcycles, furniture etc. will remain profitable and continue to enjoy growth because they are able to not only pass the cost to the customers but increases the price moderately as the purchasing power of the lower classes improve globally.
16/02/2022 11:18 AM
Sardin The increase of minimum wages are always connected to very high exports. I believe government's faith and courage to increase the minimum wages mainly comes from the result of very good and sustainable export.
16/02/2022 11:22 AM
ykloh the frequent upward adjustment of min wage level is due the weak ringgit and political expediency. govt looks good for raising the min wage level but if that is not accompanied with increase in productivity, industries and consumers will suffer.
16/02/2022 11:51 PM
Sardin Hi zzprozaz, it is a good result as long as sales is more than 40,000 units. Anything above that is excellent. This is expected because lots of people trying to avoid the sst by buying before 1st Jan 2022. If every month can maintain 41,500 then annual EPS should be quite satisfactory.
18/02/2022 6:46 PM
Sardin If Ajinomoto is priced at RM 15, HLIND should be priced about the same.
18/02/2022 6:47 PM
Sardin Hume is a seperate entity
22/02/2022 9:27 PM
Sardin Sales remain strong. Just that cost is high. The high cost will be soon transferred to the consumers.
24/02/2022 10:47 AM
zzprozaz Sardin, do you know when will Hlind raise their ASP of yamaha motorcycle? Is it raised already?
01/03/2022 3:10 PM
Sardin @zzprozaz, raised already, more than enough to cover cost hike and prosperity tax and profit increase if monthly TIV maintain above 40,000.
04/03/2022 3:02 PM
zzprozaz Sardin, where to know yamaha motorcycle ASP raised already? Any news?
16/04/2022 12:35 PM
stockraider Min pay Rm 1500....more people can afford motor loh!

Good for HL Ind loh!
17/04/2022 2:23 PM
stockraider Also Yen cheap...better margin for motorcycle loh!
17/04/2022 2:24 PM
Sardin @zzprozaz https://keyauto.my/2022/01/30/2022-yamaha-motor-malaysia-pricing-update/
22/04/2022 6:11 PM
Sardin That was the first time. 2nd time is this https://www.zigwheels.my/new-motorcycles/yamaha
22/04/2022 6:12 PM
DickyMe3 Post removed. Why?
08/06/2022 9:22 PM
RWG this counter look very stable, even klci drop like shit
13/06/2022 6:10 PM
Sardin Not surprising with defensive business and good dividend yield.
30/06/2022 3:00 PM
Sardin It is accumulating energy and momentum to revisit RM9 or higher. This may happen by end of Aug.
30/06/2022 3:01 PM
Sardin It has now happened for quite some time. With recent Q4 result I think the price will inch slowly towards RM 10 till the announcement of next quarter result. For the share price to grow to RM 10, it requires annual EPS of close to RM 1 and annual dividend that is close to 60 sen, in view of rising interest rate environment and trend.
19/08/2022 6:42 PM
Fabien _the efficient capital allocator EPS at RM1, you are implying PE of 10x. HLI has always trade above 10x multiple because if you striped out their net cash (which is about 50% of market cap), it's ex-cash PER is less than 7x.
19/08/2022 7:56 PM
Sardin I'm trying to be conservative
22/08/2022 5:41 PM
alexnada Anyone have any idea why the sudden jump? insider news?
26/10/2022 5:51 PM
Sardin Hi Alexnada, because it is going to show record high of quarterly revenue (quite sure) and EPS (>50% sure) in the quarterly report that is to be released soon. And looking at the share price pattern, I suspect someone is trying to put a ceiling in order to collect more tickets from impatient shareholders before the good news is finally released.
14/11/2022 10:07 PM
Sardin When the coming quarterly result is finally announced, the share price has a possibility to reach RM 10.
23/11/2022 7:02 PM
Sardin The sales was boomed by re-opening of Malaysia-Singapore borders. In mid-term future, the sales of motorcycles will be supported by rising car prices and B40's weaker affordability for car.
23/11/2022 7:06 PM