Hong Leong Asia    Last:1.08    -0.03

Hong Leong Asia

not sure if you are referring to Hong Leong Bank Bhd. or maybe in Singapore market it is kinda of the same... Anyway the news is that /eon bank is suppose to merge with HLBB and well are in the final stages of planning already... Working in data center at HLBB here in Kuala Lumpur and I can see that all the Big Boss is kindy oh hush hush on this but we are already planning on merging their system and ours which gives us Operators one hell of a BIG headache as more systems to monitor as well as troubleshoot but no pay increase...

 Drop in price as EON in KLSE is lower than HLBB so EON would rise and HLBB would come down so both shares would have rather the same value... Well thats what this NOOB thinks :) 

LeeFreshee      ( Date: 27-Sep-2010 16:22) Posted: Can anyone advise why HL Asia's price has dropped by so much (from 3.51 to 3.36) in the last week or so? There is no major news or reports that is negative ... or is there? Also, there is a SGX announcement on 24/9 that HLGE issued 16,591,000 new ordinary shares in the capital of the Company (the “Ordinary Shares”) to Grace Star Services Ltd. What does this mean? Does the Company have to buy shares from Open Market to issue these shares? Is this the cause of the drop in price? Can you explain please? Thanks in advance

 

Can anyone advise why HL Asia's price has dropped by so much (from 3.51 to 3.36) in the last week or so? There is no major news or reports that is negative ... or is there?

Also, there is a SGX announcement on 24/9 that HLGE issued 16,591,000 new ordinary shares in the capital of the Company (the “Ordinary Shares”) to Grace Star Services Ltd. What does this mean? Does the Company have to buy shares from Open Market to issue these shares? Is this the cause of the drop in price? Can you explain please?

Thanks in advance

 

 

3.29 !! Ho SAY LIAO loh !! :P

 

CHARTVIEWS For 18th August 2010

Hong Leong Asia - Bearish break suggests more downside ahead

Levels to Watch in Trading:        Resistance set at $3.45
                                        Support set at $3.00

Stock Rating:                        No Rating
Target Px:                                NA

Last Closing Px:                        $3.39
52-week Px Range:                        $1.61 - $5.04

SGX Code:                                H22
BLP Code:                                HLA SP Equity

 

come ahh...SHORT all u can ! :P to make my dream come true ahh ! !:P

 

This bugger badly beaten. Next support level 3.25. Good luck. 

 

wow! 3.35 !! looks like my SHORTIST comrades are doing the work now siah !! :P

 

Because I take boleh tahan all this MFT ma.... talk only but no need to respossible !

nickyng      ( Date: 17-Aug-2010 10:15) Posted: not vested then y bother on this burger? ?? haha..... :P shld join the fun and SHORT! hee.... des_khor      ( Date: 17-Aug-2010 10:11) Posted: Not vested ! I only buy laggards and patiently wait until people discover them.... This counter very soon will drop to below a dollar if all MFT keep downgrading !

 

Yes. Join the fun and short...

 

not vested then y bother on this burger? ?? haha..... :P shld join the fun and SHORT! hee....

des_khor      ( Date: 17-Aug-2010 10:11) Posted: Not vested ! I only buy laggards and patiently wait until people discover them.... This counter very soon will drop to below a dollar if all MFT keep downgrading ! nickyng      ( Date: 16-Aug-2010 23:57) Posted: wah! so violent reaction?!? must hv vested alot at HIGH price ehh ? :) relax lah...come down go up...cyclical wan! :P

 

I am not vested in HLA but do follow it a fair bit the last 12 months.  Makes you wonder if analysts have some serious vested interests here.  The same bunch of analysts that happily rate it Outperform with some TP between $5 to $6 are now downgrading HLA to $3.2x cos of "slower growth" (note, not negative or no growth).  Unless there is a global crisis that hit us suddenly, how can a Business turn south so suddenly.  Either they are wrong last time, or they are wrong this time.  I believe Mr. Kwek's assessment of HLA performance this year can be summed up as "cautiously positive".  The problem with this industry is analysts can be casually fickle and make any call they want with zero accountability, and unfortunately some investors really take their calls seriously. Lesson for us - read what they have to say but do your own homework and follow your own call.

 

Not vested ! I only buy laggards and patiently wait until people discover them....

This counter very soon will drop to below a dollar if all MFT keep downgrading !

nickyng      ( Date: 16-Aug-2010 23:57) Posted: wah! so violent reaction?!? must hv vested alot at HIGH price ehh ? :) relax lah...come down go up...cyclical wan! :P des_khor      ( Date: 16-Aug-2010 22:31) Posted: Ask all this MFT to shut up !! they talk from A to Z !!

 

what's those analysts are talking abt genting some mths back.

can u believe them?

 

 

 

Another bad news :

CIMB Downgrades Hong Leong Asia To Underperform.............. 8/16/2010 3:59:00 PM .................... 0759 GMT [Dow Jones] STOCK CALL: CIMB downgrades Hong Leong Asia (H22.SG) to Underperform from Outperform, cuts target price to S$3.21 from S$4.86, valuing China unit Xinfei at 10X FY11 P/E vs 16X FY10 P/E previously, to account for slower growth. Also lowers group FY10-12 core EPS estimates by 18%-20% to assume reduced contributions from other Chinese unit Yuchai. Notes 2Q10 earnings of consumer electronics unit Xinfei down despite June quarter being its seasonally strongest quarter, hurt by weaker margins stemming from higher raw material costs, trade discounts offered to counter competition. Says 2Q10 performance of diesel engines unit Yuchai hurt by higher selling & distribution costs. Shares off 4.0% at S$3.56.

 

With the bearish price action and indicators, it may drop to July 10's low of $3.27.

 

wah! so violent reaction?!? must hv vested alot at HIGH price ehh ? :) relax lah...come down go up...cyclical wan! :P

des_khor      ( Date: 16-Aug-2010 22:31) Posted: Ask all this MFT to shut up !! they talk from A to Z !!

 

Ask all this MFT to shut up !! they talk from A to Z !!

 

Hong Leong Asia Ltd

Result note - Headwinds ahead - by Kenneth Ng CFA

(HLA SP / HLAA.SI, UNDERPERFORM - Downgraded, S$3.71 - Tgt. S$3.21, Industrial Goods and Services)

We downgrade HLA to Underperform from Outperform. 2Q10 core net profit of S$32.2m (+25% yoy) accounts for 23% of our FY10 forecast (1H10 at 49%) and consensus. The shortfall emanated from a weaker-than-expected Xinfei. Management also guided for further weakness in Yuchai's earnings in 2H10. We thus cut our FY10-12 core EPS estimates by 18-20% on reduced assumptions for Yuchai and Xinfei. We also defer an exceptional gain on the disposal of a plantation by Tasek to FY11 from FY10 after management guided for the deal's closure in FY11. While we previously pegged Xinfei at 16x CY10 P/E, we now roll forward and value it at 10x CY11 P/E, at a wider 30% discount (previously 20%) to peers to account for its slower growth. Accordingly, our sum-of-the-parts target price falls to S$3.21 from S$4.86. Management announced the termination of its strategic review of Xinfei. We downgrade HLA to Underperform as poorer earnings in coming quarters would likely weigh on its share price.

derekloh      ( Date: 16-Aug-2010 20:27) Posted: Oh I see, with this downgrade; is the fall likely to continue? Where can i see the reports? thanks

 

Oh I see, with this downgrade; is the fall likely to continue? Where can i see the reports? thanks

 

HL Asia has just been downgraded by some analysts from Outperform to Underperform.

derekloh      ( Date: 16-Aug-2010 19:52) Posted: Hl asia Have fulfilled all critera for ascending triangle and breakout convincing with good volume; instead of climbing towards target price, it had fall badly with also volume! And also fall below its triangle support n last reaction low! How come? Is divdend declared disappointing? Or otherwise. Pls advice