Hong Leong Finance

SINGAPORE (Aug 12): Hong Leong Finance reported 2Q18 earnings increased by 41.7% to $29.6 million, compared to $20.9 million.

SINGAPORE (Feb 27): Hong Leong Finance reported a 61.5% rise in FY17 earnings to $85.7 million from $53.1 million a year ago, which is equivalent to 19.3 cents per share, after topping up provisions amounting to $3.8 million against $1.1 million in FY16.

SINGAPORE (Nov 13): DBS says Hong Leong Finance has a unique role to play in the SME lending scene in Singapore and looks set to benefit from better macroeconomic environment.

SINGAPORE (Nov 10): Hong Leong Finance reported a 84.2% rise in 3Q earnings to $23.6 million from $12.8 million a year ago.

SINGAPORE (Sept 6): DBS expects August’s market choppiness to continue into September over uncertainty policy actions over central banks, the risk of escalating geopolitical tensions in the Korean peninsula plus a lacklustre 2Q results season.

SINGAPORE (Aug 16): The Infocomm and Media Development Authority of Singapore (IMDA) today signed seven memoranda of intent (MoIs) with Singtel, M1, StarHub, DBS, OCBC, UOB and Hong Leong Finance under IMDA’s SMEs Go Digital programme.

SINGAPORE (Aug 10): DBS is maintaining its “buy” on Hong Leong Finance with $3.20 target price given further relaxation of funding and lending rules, as well as M&A newsflow are potential catalysts for stock price re-rating.

SINGAPORE (Aug 8): Hong Leong Finance reported 2Q17 profit after tax rose 89.1% rise to $20.9 million from $9.8 million a year ago.

SINGAPORE (June 14): Many investors may not be aware that the Straits Times Index (STI) maintains one of the highest dividend yields across stock markets in Asia Pacific.

SINGAPORE (April 28): DBS Vickers Securities is maintaining its “buy” call on Hong Leong Finance with an unchanged target price of $3.20, after the financial company (finco) on Thursday announced a 13.2% on-year growth in 1Q earnings to $16.5 million.