HLFG Surpassing Expectations For FY24, More To Come
HLFG Surpassing Expectations For FY24, More To Come
HLA Holdings also contributed positively, with a 3% year-on-year increase in pretax profit, primarily driven by a 29% rise in contributions from its associate, MSIG General. While HL Assurance's pretax profit remained stable year-on-year, its embedded value grew by 12.9% to RM4.27 billion. The investment bank's exceptional performance highlights HLFG's solid position in the financial sector and its ability to capitalise on favourable market conditions.Hong Leong Financial Group (HLFG) has announced its FY24 results, which surpassed expectations due to stronger-than-anticipated contributions from its investment banking segment. The company reported a core net profit of RM806 million for 4QFY24, marking a 14% year-on-year increase but a slight 2% quarter-on-quarter decline. This brought the FY24 core net profit to RM3.2 billion, reflecting a 9.9% year-on-year rise and exceeding previous forecasts. Analysts have maintained a "BUY" recommendation on the stock and have raised the target price to RM22.70 from RM21.70, reflecting a 23% potential upside.
豐隆金融集團（HLFG）公佈了其24財年的業績，由於其投資銀行板塊的貢獻強於預期，該業績超出了預期。該公司報告稱，4QFY24 的核心淨利潤爲80600萬令吉，同比增長14％，但同比略有下降2％。這使24財年的核心淨利潤達到32令吉，同比增長9.9％，超過了先前的預期。分析師維持對該股的 「買入」 建議，並將目標股價從21.70令吉上調至22.70令吉，反映了23％的潛在上漲空間。
The results were buoyed by a robust performance from HL Capital, leading to a 6% upgrade in earnings forecasts for FY25 and FY26. The investment bank segment experienced exceptional growth, with HL Capital's pretax profit surging 98% year-on-year, driven by notable increases in stockbroking (up 73%), investment banking (up 58%), and asset management (up 94%). This strong performance in capital markets significantly contributed to the overall positive results.
業績受到HL Capital強勁表現的提振，導致25財年和26財年的收益預測上調了6％。投資銀行板塊實現了驚人的增長，HL Capital的稅前利潤同比增長98％，這得益於股票經紀（增長73％）、投資銀行（增長58％）和資產管理（增長94％）的顯著增長。資本市場的這種強勁表現爲總體積極業績做出了重大貢獻。
HL Bank's 4QFY24 core net profit of RM1.03 billion, up 14% year-on-year but down 1% quarter-on-quarter, brought the FY24 net profit to RM4.2 billion, a 9% increase from the previous year. These results were in line with forecasts and reflected robust loan growth of 7.3% year-on-year. However, net interest margin (NIM) contracted by 12 basis points to 1.86% for FY24, consistent with management's guidance. Operating income rose by 1.5% year-on-year, although operating profit remained relatively flat with a slight decrease of 0.6% year-on-year. Core net profit increased by 9% year-on-year, bolstered by further credit cost writebacks.
HL 銀行的 4QFY24 核心淨利潤爲10.3令吉，同比增長14％，但同比下降1％，使24財年的淨利潤達到42令吉，比上年增長9％。這些結果符合預期，反映了貸款同比增長7.3％的強勁增長。但是，根據管理層的指導，24財年的淨利率（NIM）收縮了12個點子，至1.86％。營業收入同比增長1.5％，但營業利潤保持相對平穩，同比略有下降0.6％。核心淨利潤同比增長9％，這得益於進一步的信貸成本回扣。
HLA Holdings also contributed positively, with a 3% year-on-year increase in pretax profit, primarily driven by a 29% rise in contributions from its associate, MSIG General. While HL Assurance's pretax profit remained stable year-on-year, its embedded value grew by 12.9% to RM4.27 billion. The investment bank's exceptional performance highlights HLFG's solid position in the financial sector and its ability to capitalise on favourable market conditions.
HLA Holdings也做出了積極貢獻，稅前利潤同比增長3％，這主要是由其關聯公司MSIG General的出資增長29％的推動力。儘管HL Assurance的稅前利潤同比保持穩定，但其嵌入式價值增長了12.9％，達到42.7令吉。該投資銀行的出色表現凸顯了HLFG在金融領域的穩固地位及其利用有利市場條件的能力。
