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Hong Leong Asia
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Hong Leong Asia
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yipyip
Master |
05-Mar-2010 17:22
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YUMMY! YUMMY!
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tradersgx
Veteran |
05-Mar-2010 17:15
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Great white sharks feeding on sea lions!!! i the small "Pilot fish" have great sea lion's meat for dinner lor! hehehe (^o^ )
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purelotus
Senior |
05-Mar-2010 13:30
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This picture very nice. | ||||
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tradersgx
Veteran |
05-Mar-2010 13:01
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Are u the "Pilot fish" congregates around Big White Shark? hehe (^_^ )
http://en.wikipedia.org/wiki/Pilot_fish#cite_note-11
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tradersgx
Veteran |
05-Mar-2010 12:21
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Mr. Kwek Leng Beng is the Biggest shareholder! If he want his shares in LONG position........
Major Shareholders List - Top 1 as at 16 March 2009: 1. Hong Leong Corporation Holdings Pte Ltd 233,000,000 shares 61.09% <--- (", ) (',' ) (". )!!!
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
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sgxinvestor
Member |
04-Mar-2010 23:11
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Now we all know why Mr.Kwek Leng Beng said: I beg your pardon? haha Huat La!
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des_khor
Supreme |
04-Mar-2010 23:01
Yells: "Tell me who is the God or MFT from this forum??" |
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Some MFT even say TP $6+.... you got gut ?? then buy lo.. if no... ask MFT to buy lo... | ||||
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tradersgx
Veteran |
04-Mar-2010 22:50
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DJ MARKET TALK: (2010/03/04 08:16AM) Credit Suisse Raises Hong Leong Asia To Outperform; lifts Target Price to S$4.90 ('o' ) !!! 0016 GMT [Dow Jones] STOCK CALL: Credit Suisse upgrades Hong Leong Asia (H22.SG) to Outperform from Underperform, lifts sum-of-parts target price to S$4.90 from S$1.60; "we had previously underestimated the extent of various government subsidy programs in China initiated end-2008, and with these extended to 2010, we now see further traction at (China units) Xinfei and Yuchai". Notes sales momentum of Yuchai, which makes diesel engines, remains strong, with sales in January representing 18% of total number of units sold in FY09. Raises HLA''s FY10 earnings forecast by 113% to S$142.9 million, with fridge maker Xinfei accounting for 52% of net profit. |
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pharoah88
Supreme |
04-Mar-2010 14:02
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i heard THiS guy LiKES tO bUy back shares. | ||||
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yipyip
Master |
04-Mar-2010 09:35
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.jpg) : " I beg your pardon? "
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yipyip
Master |
04-Mar-2010 09:25
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hehe.............. | ||||
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paul1688
Senior |
04-Mar-2010 09:24
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$3.85 at time of writing. Up 4.3% in first 25 mins of trade. Someone is buying ....... | ||||
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risktaker
Supreme |
03-Mar-2010 21:33
Yells: "Sometimes you think you know, but in fact you dont" |
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Already in my short list
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tradersgx
Veteran |
03-Mar-2010 16:29
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Zooooooom into their research reports....read the forecast P/E...forecast P&L... come out with yr own TP.....u will be smiling.......(try it on Genting...u wil be................................ ) | ||||
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paul1688
Senior |
03-Mar-2010 15:14
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Read what Analysts have to say, their research notes and corporate findings. Do not take their target prices too seriously as your target - use their TP as only an indication behind their reasoning. Recognise too often analysts have vested interests for their brokerage houses and quite often, they omitted to account for certain facts into their numbers. If you read how they compute a TP, it is often laughable when they use very arbitrary figures such as premium or discount factors to RNAV. Assumptions in SOTP method is also numerous. In short, their numbers are only useful as a guidance to a price band level - don't get too emotional with the absolute number. |
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pharoah88
Supreme |
03-Mar-2010 13:46
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Targets vary from S$6.40 to S$5.03. These analysts dO nOt have CFA???? |
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tradersgx
Veteran |
02-Mar-2010 23:38
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28 Feb 2010 | 08:33 PM ET RESEARCH ALERT-DMG raises Hong Leong Asia's target price to S$5.03 We raise our 2010 net profit forecast by 19 percent to S$148 million. Our sum-of-the-parts derived target price is raised to S$5.03, from S$2.83. HLA announced that a review of strategic alternatives will be conducted for Xinfei, with listing a possibility. We narrow the price-to-earnings ratio discount of Xinfei with Haier, as value will be unlocked with the strategic review. BUY maintained. http ://www.cnbc.com/id/35636311 +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ and some old news.... Thu, Nov 19, 2009 Reuters Hong Leong may sell Xinfei (more than S$968 million) http ://www.asiaone.com/Business/News/Story/A1Story20091119-180896.html ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ |
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tradersgx
Veteran |
02-Mar-2010 15:39
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Hong Leong Asia rated outperform | Target price is raised from $6.33 to $6.40 Our core EPS estimates are raised by a marginal 2% to reflect its recent capital-reduction exercise and our sum-of-theparts target price is raised from S$6.33 to S$6.40 following this. We also introduce FY12 numbers. HLA declared a final dividend of 7 Scts, bringing FY09 dividends to 10 Scts. We expect stock catalysts from potential corporate actions on Xinfei. CIMB-GK Research 1 March 2010 |
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tradersgx
Veteran |
02-Mar-2010 00:31
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Big Bro DBS reviwed....... (", ) Hong Leong Asia Closer to unlocking value from Xinfei (HLA's stake 90%,valuation more than US$700m) Maintain Buy; SOTP raised to S$4.36 Target Price One step closer to unlock value from Xinfei. The company has announced that Merrill Lynch (Singapore) has been appointed as the financial adviser to assist in the review and execution of strategic alternatives with regard to Xinfei, the 2nd largest fridge manufacturer in China with 12% market share in terms of revenue. The strategic alternatives include; (i) listing, preferably in HK for higher valuation, (ii) disposal, (iii) acquisition of a complementary business, (iv) debt or equity financing, or (v) restructuring or recapitalization. Reuter’s news report dated 18 Nov 2009 suggested that HLA once received an offer of US$700m for its 90% equity stake in Xinfei. Apparently, the management of HLA is looking at more options to maximize the value of its stake. At US$700m, Xinfei is valued at 15x FY10 P/E, substantially lower than its peers at >20x FY10 P/E. Segmental: Xinfei ( HLA's stake 90% ) FY2009 Revenue S$974.0mln FY2009 Net Profit S$60.6mln HL Asia trades at an attractive PE of 10x FY10 P/E. Backed by good growth prospects and potential upside from Xinfei, HLA is a Buy, target price raised to $4.36 on higher valuation of BMU Singapore and Tasek Cement. DBS 1 Mar 2010 |
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tradersgx
Veteran |
01-Mar-2010 15:20
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February 26, 2010, 6.24 pm (Singapore time) - .businesstimes HLA ends FY09 strongly, appoints Merrill to review Xinfei Hong Leong Asia ended 2009 on a strong note with record revenue and net profit. Net profit improved to $126.7 million, an increase of 202 percent from $42.0 million achieved a year ago. Revenue was up 23 per cent at S$4.45 billion. It said the Chinese government stimulus program had a strong impact on the operations of the group's two largest China businesses dealing in diesel engines (Yuchai) and consumer goods (Xinfei). Other income in 2009 included negative goodwill of $50.6 million which arose from the purchases of additional shares in Tasek and CYI. In 2008, a write-back of $42.9 million of bad debt provision was reflected in other income. Hong Leong Asia said while there has been discussion on the possible pull back of the Chinese government's stimulus program, any withdrawal is unlikely to be in consumer goods and diesel engine sectors, given that the Chinese government has repeatedly stated that it is important to carry out structural reforms to make the economy less reliant on exports. It expects to continue to operate profitably in the next quarter and next twelve months. Hong Leong Asia said it has appointed Merrill Lynch (Singapore) Pte. Ltd. as its financial adviser to assist in the review and execution of strategic alternatives with respect to its interest in the Xinfei Group, which makes refrigerators and freezers. The strategic alternatives may include, amongst others, listing, disposal, acquisition of a complementary business, debt or equity financing, or restructuring or recapitalization involving all or part of the Xinfei Group. Hong Leong Asia said it is also in negotiation to dispose of its interest in the quarry on Karimun Island. |
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