tag:blogger.com,1999:blog-1377738835782322104.post8154756725042768760..comments2023-08-18T01:29:19.662-07:00Comments on Singapore Blue Chips: Hong Leong Finance: Time to buy?Sgbluechiphttp://www.blogger.com/profile/18070778039656838451noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1377738835782322104.post-30851251105844953442008-08-26T09:25:00.000-07:002008-08-26T09:25:00.000-07:00Hi SBC,I looked at http://info.sgx.com/webcorannc....Hi SBC,<BR/><BR/>I looked at http://info.sgx.com/webcorannc.nsf/<BR/>ef3ba6cb188613ea482571b2003641d3<BR/>/f10820ce652ef513482574b10004c994?<BR/>OpenDocument<BR/><BR/>It's hong leong bank berhad, got difference? hoho, i think i made a mistake! :)la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-1377738835782322104.post-84457748064309421812008-08-26T02:56:00.000-07:002008-08-26T02:56:00.000-07:00Hi LP, HL finance just reported its 1H report on A...Hi LP, HL finance just reported its 1H report on Aug 12. There is only an interim dividend of 5 cents per share.<BR/><BR/>Where did you get the results?<BR/><BR/>The ROE is quoted based on its 4 year average from 2004-2007 from Share Investments.Sgbluechiphttps://www.blogger.com/profile/18070778039656838451noreply@blogger.comtag:blogger.com,1999:blog-1377738835782322104.post-85360855129043915832008-08-25T18:05:00.000-07:002008-08-25T18:05:00.000-07:00Hi SBC,Not bad, HL results are out :)Total dividen...Hi SBC,<BR/><BR/>Not bad, HL results are out :)<BR/><BR/>Total dividend for the year is 24 sen :)<BR/><BR/>Actually the returns on average shareholders fund is around 15%, which is what I'll expect. How did you calculate the ROE to be 8%? Such a big difference.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-1377738835782322104.post-50640892003541063542008-08-24T09:08:00.000-07:002008-08-24T09:08:00.000-07:00Hi sgbluechip,Nah, I'm not worried about liquidity...Hi sgbluechip,<BR/><BR/>Nah, I'm not worried about liquidity issues. To me, if it's a good company at fantastic price, I'll rather it remain illiquid till I bought all in :)<BR/><BR/>Hope you'll get your 8% :)la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-1377738835782322104.post-68840339394253479702008-08-23T01:24:00.000-07:002008-08-23T01:24:00.000-07:00Hi LP, thanks for your comments. Actually one of m...Hi LP, thanks for your comments. Actually one of my resons buying HL is also because it has low trading volume. <BR/><BR/>This is a double edge sword as during a bear market, possibly less of its stocks will be sold down at fire sale prices. Though it just takes an investor to sell at $3 and it can stay there at last done price for a few hours or even days. <BR/><BR/>Nonetheless, there is a potential that HL can give me a yield of 8% if it pays out 26 cents dividends this FY year. <BR/><BR/>On the ROE matter, that is a valid point you made. Will take it into consideration next time I assess financial companies.<BR/><BR/>Thanks!Sgbluechiphttps://www.blogger.com/profile/18070778039656838451noreply@blogger.comtag:blogger.com,1999:blog-1377738835782322104.post-70026993613077813802008-08-21T21:29:00.000-07:002008-08-21T21:29:00.000-07:00Hi sgbluechips,Hong leong? Hmm, PE of around 12 se...Hi sgbluechips,<BR/><BR/>Hong leong? Hmm, PE of around 12 seems about right for banks. That's around the industry level. Dividends seem pretty erratic to me, which I do not like, though 6.1% yield is pretty attractive (that being a conservative figure too). <BR/><BR/>ROE of 8% is something worth noting. I expect banks to have rather higher ROE because of their higher leverage. It should be around 12-15% instead of just 8%. To me, it's a sign that the management did not do a good job at allocating capital.<BR/><BR/>Just my thoughts.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.com