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YUMMY! YUMMY!
tradersgx ( Date: 05-Mar-2010 17:15) Posted:
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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^ )
tradersgx ( Date: 05-Mar-2010 13:01) Posted:
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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^ )
tradersgx ( Date: 05-Mar-2010 13:01) Posted:
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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
tradersgx ( Date: 05-Mar-2010 12:21) Posted:
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Mr. Kwek Leng Beng is the Biggest shareholder! If he want his shares in LONG position........
Dare whosoever challenge him with SHORT position ! (^_^ )( ^_^) (^_^ )( ^_^) (^_^ ) Haha
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Major Shareholders List - Top 1 as at 16 March 2009:
Number of Ordinary Shares in issue : 381,392,018 shares
1. Hong Leong Corporation Holdings Pte Ltd 233,000,000 shares 61.09% <--- (", ) (',' ) (". )!!!
Page 129
http://www.hlasia.com.sg/uploads/HLA_AR2008.pdf
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This picture very nice.
Are u the "Pilot fish" congregates around Big White Shark? hehe (^_^ )
http://en.wikipedia.org/wiki/Pilot_fish#cite_note-11
tradersgx ( Date: 05-Mar-2010 12:21) Posted:
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Mr. Kwek Leng Beng is the Biggest shareholder! If he want his shares in LONG position........
Dare whosoever challenge him with SHORT position ! (^_^ )( ^_^) (^_^ )( ^_^) (^_^ ) Haha
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Major Shareholders List - Top 1 as at 16 March 2009:
Number of Ordinary Shares in issue : 381,392,018 shares
1. Hong Leong Corporation Holdings Pte Ltd 233,000,000 shares 61.09% <--- (", ) (',' ) (". )!!!
Page 129
http://www.hlasia.com.sg/uploads/HLA_AR2008.pdf
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pharoah88 ( Date: 04-Mar-2010 14:02) Posted:
| i heard THiS guy LiKES tO bUy back shares. |
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Mr. Kwek Leng Beng is the Biggest shareholder! If he want his shares in LONG position........
Dare whosoever challenge him with SHORT position ! (^_^ )( ^_^) (^_^ )( ^_^) (^_^ ) Haha
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Major Shareholders List - Top 1 as at 16 March 2009:
Number of Ordinary Shares in issue : 381,392,018 shares
1. Hong Leong Corporation Holdings Pte Ltd 233,000,000 shares 61.09% <--- (", ) (',' ) (". )!!!
Page 129
http://www.hlasia.com.sg/uploads/HLA_AR2008.pdf
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pharoah88 ( Date: 04-Mar-2010 14:02) Posted:
| i heard THiS guy LiKES tO bUy back shares. |
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Now we all know why Mr.Kwek Leng Beng said: I beg your pardon?
haha Huat La!
yipyip ( Date: 04-Mar-2010 09:35) Posted:
.jpg) : " I beg your pardon? " |
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Some MFT even say TP $6+.... you got gut ?? then buy lo.. if no... ask MFT to buy lo...
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.
i heard THiS guy LiKES tO bUy back shares.
: " I beg your pardon? "
hehe..............
$3.85 at time of writing. Up 4.3% in first 25 mins of trade. Someone is buying .......
Already in my short list
tradersgx ( Date: 03-Mar-2010 16:29) Posted:
| 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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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................................ )
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.
Targets vary from S$6.40 to S$5.03.
These analysts dO nOt have CFA????
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
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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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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
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
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.
