China Yuchai International Limited (HLA holding 27.5% stake) is trading about US$20+ now. HL Asia getting more valuable!  (^.^  )

http://finance.yahoo.com/q/ta?s=CYD&t=1y&l=off&z=l&q=l&p=b,e50,e100,e200&a=m26-12-9&c=

WoooW!

Hong Leong Asia target price raised to $5.67 by DBS Vickers

14 April 2010

DBS Vickers has raised Hong Leong Asia (H22.SG) target price to $5.67 from $4.36, based on sum-of-parts valuation, after increasing P/E peg for China unit Yuchai to 16x FY10 earnings from 6x to align with peer average.

DBS Vickers says Yuchai, which makes diesel engines, poised to benefit from China’s booming auto sales, but notes unit undervalued by market despite its dominant market position, strong earnings prospects.

“Improved transparency and corporate governance will raise Yuchai's valuation towards the industry's average and add value to Hong Leong Asia shareholders,” says the broker who is keeping its “buy call.

Then, $5.32 ~ $6.25 is my new TP for HL Asia.  Hahaha

Foreign house initiate a target of  $10.00
DMG                                              TP$6.00
CIMB                                             TP$6.00
Credit Suisse                                 TP$4.90
DBS                                                TP$4.36

Finally, DMG learned the potential of HL Asia, another TP$6.00 !  Huat Laa Asia! (^_^  )

Hong Leong Asia rated buy 

DMG & Partners Securities ; Hong Leong Asia ;
Raise our sum-of-the-parts target price to $6.00 (^_^  )

Written by The Edge    
Monday, 05 April 2010 12:36 

DMG & Partners Securities in an April 1 research report says:
"Our recent checks suggest that HLA management remains
optimistic on 2010 growth prospects. Xinfei sold more than 3
00k of white goods in Jan 2010, which is in excess of 10% of
2009 sales volume.

"Yuchai’s unit sales in the first two months of 2010 was 27%
of 2009 full year sales. In our sum-of-the-parts valuation,
Xinfei accounted for 58% share of the value ie $3.46 out of $6.00.
We believe the potential unlocking of Xinfei value would
contribute to investor interest in HLA. As we see more newsflow
over the next few months, expect upside for HLA share price.

"We raise our sum-of-the-parts target price to $6.00 (from $5.03)
as we increase our target P/E benchmark for the various business
segments – we believe investors’ improved understanding of
HLA’s business potential justifies this. BUY"

tradersgx      ( Date: 05-Apr-2010 00:18) Posted: 17Mar2010 CIMB's TP $6.00 for HL Asia.  (^_^   ) Xinfei’s Revenue S$M and Growth Rate% (Actual & Forecast):    2012F                S$M 2,015     +19.16% 2011F                S$M 1,691     +18.33% 2010F                S$M 1,429     +46.71% 2009A                  S$M 974     +2.20% 2008A                  S$M 953     +12.78% 2007A                  S$M 845     +10.60% 2006A                  S$M 764   1995 to 2005            n.a 1994A               HL Asia became major shareholder Source: CIMB-GK Research 22 Jan 2010 http://www.xinfei.com/xinfei/aboutus/49/85.aspx     tradersgx Veteran 04-Apr-2010 22:23      About tradersgx      Contact       Quote!      Style: Combined      x 0 x 0 Alert Admin Meticulous surveillance! The future of HLA is Huuuaaat Laaaaaaa Asia! Hehehe... (^_^  )   Rate This Post:   Useful To Me   Not Useful To Me   yipyip Veteran 03-Apr-2010 20:07      About yipyip      Contact       Quote!           x 0 x 0 Alert Admin   6 mths TP is $6 ! Hahaha (H)  If XinFei dual listing in HK. (L)  HLA Increase of Shareholding in China Yuchai International Limited, now is 27.5% stake (A)  Government subsidy programs in China initiated end-2008, and with these extended to 2010,         further traction at (China units) Xinfei and Yuchai.

 
6 mths TP is $6 ! Hahaha

(H)  If XinFei dual listing in HK.
(L)  HLA Increase of Shareholding in China Yuchai International Limited, now is 27.5% stake
(A)  Government subsidy programs in China initiated end-2008, and with these extended to 2010,
        further traction at (China units) Xinfei and Yuchai.

Any new development for XINFEI from Merrill Lynch? I prefer option to Dual Lisitng in HK...Huat Laa Asia!