Trade Hong Leong Fin - S41sg CFD

Trading Conditions

• Type: CFD
• Spread: 0.04
• Long position overnight funding adjustment: -0.01368%
• Short position overnight funding adjustment: -0.00824%
• Overnight funding adjustment time: 21:00 (UTC)
• Currency: SGD
• Min traded quantity: 1
• Margin: 5.00%
• Stock exchange: Singapore
• Commission on trade: 0%
• Guaranteed stop premium: 1%

Key Stats

• Prev. Close: N/A
• Open: 2.52
• 1-Year Change: 5.88%
• Day's Range: 2.52 - 2.54

Hong Leong Fin Company profile

About Hong Leong Finance Ltd

Hong Leong Finance Limited is a Singapore-based financial service company. The Company's principal activities are those relating to financing business and provision of corporate advisory services and provision of nominee services. Its core business involves taking deposits and savings from the public and providing financing solutions and services that include corporate and consumer loans, government assistance for small and medium enterprises (SMEs) corporate finance and advisory services. Its deposits include business current account and fixed deposits. Its SME loans include SME working capital loan, SME fixed assets loan, vehicle-green loan, equipment and commercial vehicle loan, medical and dental equipment loan and property development loan. Its corporate advisory services include capital restructuring, project and investment evaluation, financial modelling and mergers and acquisitions (as financial advisor or independent financial advisor).

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Hong Leong Finance Ltd interest income decreased 23% to SP$240M. Net interest income after loan loss provision increased 28% to SP$177.9M. Net income increased 33% to SP$84.8M. Net interest income after loan loss provision reflects increase in interest earning assets and decrease in interest bearing liabilities. Net income benefited from Provision for Loan Losses decrease of 99% to SP$60K (expense).