Hong Leong Financial Group Berhad (KLSE:HLFG) Second Quarter 2024 Results
Key Financial Results
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Revenue: RM1.67b (flat on 2Q 2023).
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Net income: RM831.9m (up 7.9% from 2Q 2023).
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Profit margin: 50% (up from 46% in 2Q 2023).
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EPS: RM0.73 (up from RM0.68 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hong Leong Financial Group Berhad Earnings Insights
Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Banks industry in Malaysia.
Performance of the Malaysian Banks industry.
The company’s shares are up 2.5% from a week ago.
Valuation
If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Hong Leong Financial Group Berhad could be a good place to look. Click here to view our comprehensive analysis and gain insights into the stock’s investment prospects.
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