Hi LionFlyer,
I do agree with you that HL Finance has a higher dividend payout ratio than Sing Investments & Finance and they are a bigger outfit. But I dunno whether you have noticed that in terms of earnings growth for the past few years, they have lagged behind Sing Investments & Finance.
What I wish to highlight here is not only about dividend payout ratio, because that point was bought out by CY09. My main point was 11% CAGR over a 10 year period for Sing Investments & Finance was a decent number for a company trading at around 0.5+x book value.
(31-03-2024, 10:03 PM)LionFlyer Wrote: All things being equal (opmi unfriendly, conservative family owned businesses), HL Finance gives a better payout ratio, among the peers (SingInv, Singapura, IFS C) and is the largest among the SME finance companies.
I do agree with you that HL Finance has a higher dividend payout ratio than Sing Investments & Finance and they are a bigger outfit. But I dunno whether you have noticed that in terms of earnings growth for the past few years, they have lagged behind Sing Investments & Finance.
What I wish to highlight here is not only about dividend payout ratio, because that point was bought out by CY09. My main point was 11% CAGR over a 10 year period for Sing Investments & Finance was a decent number for a company trading at around 0.5+x book value.