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Hong Leong Asia
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Hong Leong Asia
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valuebuyer
Senior |
08-Jan-2014 12:52
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Agree with bro Blanchard, most impt is current pricr is cheap with strong fundamental,if it drop further to cheap cheap price, then is golden chance to collect this counter.
Market is sentiment play, dont fear if u know the value, just buy & hold, the time will reward u one day.
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Blanchard
Master |
08-Jan-2014 12:41
Yells: "Winners cry..... Losers smile....." |
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Just to recap..... (reference: Hong Leong Asia 3rd Qtr results dated 14 Nov 13) Yuchai  is doing well with 2013 engine sales expected to exceed 500,000  units. Xinfei is expected to achieve higher sales in the coming year, with  the launch of new refrigerator models in Nov 2013. In Singapore, the construction industry is experiencing a slow down, despite the announcement by the Housing & Development Board of record volumes in tenders to be awarded in 2014. Only the sales of precast division have improved with the long delayed projects finally taking off. In Malaysia, the implementation of infrastructure programs under the 10th Malaysia Plan and the Economic Transformation Program (2011 - 2015) may be deferred. However, the construction sector?s outlook for the next quarter is expected to remain positive with the continuing progress in the construction of the MRT and LRT lines. The industry relating to Airwell air-conditioning products in China is huge but competitive. Airwell will focus on the domestic market to increase its sales.
Company expects to report a profit for the current financial year (barring any unforeseen circumstances).
< Current price  of 1.31 ++  is attractive for a profitable & stable company with a PB of 0.60. Let's say  Hong Leong Asia is to issue 5 cents dividend for 2013,  the yield  would be ~3.8%.  Shares price  would rise  with  continuing positive global economic growth/business climate  and  encouraging China Govt policies (such as  measures to stimulate growth in the competitive consumer appliances market).>
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nareshg
Member |
08-Jan-2014 11:08
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Upward movement is lackluster and not convincing at all. I think broader China concerns on the level of local government debts weighs on the stock. | |||||||
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Blanchard
Master |
31-Dec-2013 03:28
Yells: "Winners cry..... Losers smile....." |
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Read a few days ago article:
" Wartsila Corp, one of the world's largest ship power suppliers and manufacturers by revenue, will open a joint venture - Wartsila Yuchai Engine Co Ltd - in the middle of 2014, to manufacture medium-speed marine engines to serve the increasingly dominant Chinese shipbuilding industry in Zhuhai, in South China's Guangdong province. Wartsila and Yuchai Marine Power Co Ltd, a subsidiary of Guangxi Yuchai Group, each owns half of the new company's shares.  The value of Wartsila's investment in this joint venture is 17 million euros (US$23.5 million)." http://maritimeintel.com/wartsila-seeks-greater-foothold-in-china-with-yuchai-joint-venture/   |
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new6ie
Veteran |
28-Dec-2013 06:05
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China Yucai should pass some lobangs to HLGE who is suffering for quite a long time already.   If HLGE can get a headstart, the $70 million or so owing to the uncle could easily be repaid when business are profiting.   Lol... After all HLGE has made some contributions to siblings, nephews and uncles of the groups. The source of happiness is to see relatives happier. Wow, hohoho!!!  |
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Blanchard
Master |
27-Dec-2013 23:46
Yells: "Winners cry..... Losers smile....." |
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China Yuchai's 2013 engine sales expected to exceed 500,000 units (compared with 431,350 units in 2012).....    
http://finance.yahoo.com/news/china-yuchais-2013-engine-sales-110000321.html |
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guoyanyunyan
Supreme |
27-Dec-2013 18:37
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...hammer form on 20 Dec...lowest: $1.245...last: $1.325... A hammer occurs after a security has been declining, possibly suggesting the market is attempting to determine a bottom. The signal does not mean bullish investors have taken full control of a security, it simply indicates that the bulls are strengthening.    |
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Blanchard
Master |
23-Dec-2013 00:38
Yells: "Winners cry..... Losers smile....." |
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Happened to see an article dated 20 Jun 13 on China Yuchai International (CYI)..... " If CYI follows its controlling shareholder?s recommendations, Raleigh-based investment firm Shah Capital?s CIO and President Himanshu H. Shah  said he believes Hong Leong Asia?s 13 million shares of CYI stock could realize a net value of over U.S. $400 million." http://www.bizjournals.com/triangle/news/2013/06/20/shah-pushing-for-change-in-chinese.html?page=all
  For  info only..... just wonder if there would be further development to the proposals in the future?   |
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Blanchard
Master |
20-Dec-2013 12:54
Yells: "Winners cry..... Losers smile....." |
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Yes, Octavia. For last year 3 cents dividend, the yield is 2.39% @$1.255. Hope HL Asia can issue more dividend in the future like what they have done in the past (~8 cents).
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Octavia
Supreme |
20-Dec-2013 12:33
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Used to put my FD with them many yrs back.Now their rate is no longer competitive.
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Blanchard
Master |
20-Dec-2013 12:27
Yells: "Winners cry..... Losers smile....." |
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NAV is $2.17 as at end Sep 13. Current price is $1.255, ie. PB ~0.58 for a stable and profitable company. | |||||||
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valuebuyer
Senior |
25-Nov-2013 15:20
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sold Noble & switch to this counter.
Collect some @current price, will load more if close to $1.20. Every constrn site need Diesel engine to generate the power, hence the biz is safe, its averg EPS at $0.19, current price trade at PE 7 only, average dvd gain @ 3.3%. For the past 10 yrs, it only losing on last year, the rest are profit year , that means its biz is quite stable. Worth to collect @ current price & fight for rebound. The winning side is 70%.
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guoyanyunyan
Supreme |
25-Nov-2013 13:05
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myfcoach
Member |
21-Oct-2013 21:29
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  chart looks like " double bottom" . Financial results are improving. illiquid stocks with low vol can go up or down quite fast once it decides which direction.  cheers,  Jason at    http://myfcoach.com/  and    http://millionaire-investors.blogspot.sg/        |
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Blanchard
Master |
19-Sep-2013 16:40
Yells: "Winners cry..... Losers smile....." |
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As at 6 Mar 13, about 35% of the shares are held by the public. I suppose there are shareholders holding their shares for long term or at some higher prices.
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xtraderx
Veteran |
19-Sep-2013 16:01
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Thinking of buying this since $1.40 held (double bottom??) but it looks like an extremely illiquid counter, worried that it might be difficult to get out after getting in.   Anyone know why the average trading volume is so low? The available float doesn't seem to be that low to me. |
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Blanchard
Master |
06-Sep-2013 14:33
Yells: "Winners cry..... Losers smile....." |
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HL Asia price has fallen from 1.515 (the day before xd) to today's intraday low of 1.395...... a drop of ~8%.
Current price of 1.40  looks attractive..... (NAV is 2.189) |
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Blanchard
Master |
07-Aug-2013 19:20
Yells: "Winners cry..... Losers smile....." |
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Revenue increased from $1,088.0 million in 2Q 2012 to $1,189.6 million in 2Q 2013. The increase was mainly due to higher revenue from the diesel engines unit (“Yuchai”) but offset by lower revenue from the consumer products unit (“Xinfei”). Profit attributable to the owners of the Company improved by 86.2% to $9.3 million from $5.0 million in 2Q 2012.  
Revenue increased from $2,186.3 million in 1H 2012 to $2,297.4 million in 1H 2013, an increase of 5.1%. The increase was mainly due to higher revenue from Yuchai but offset by lower revenue from Xinfei. Profit attributable to the owners of the Company was $23.7 million in 1H 2013, improved by 25.4% as compared to $18.9 million in 1H 2012.
 
NAV is $2.189.
 
An interim dividend of 1 cent is payable on 3 Sep 2013.  
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guoyanyunyan
Supreme |
05-Jul-2013 15:18
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...哎 呀 , 城 门 失 火 , 殃 及 池 鱼 。 HL Asia近 来 25 June无 端 端 跌 到 $1.490...     ...最 近 吃 了 点 补 , 今 天 Last Done $1.600 ...好 看 一 些 些 ... ![]()     ... still need to look for more tonic for HL Asia around the small river .... |
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guoyanyunyan
Supreme |
02-Jun-2013 12:38
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China Yuchai International Limited 玉 柴 集 团 (" CYI" ) is the automotive arm of HL Asia. CYI is a Bermuda holding company established on April 29, 1993 and having a branch office in Singapore with its principal operating office located at 16 Raffles Quay #39-01A, Hong Leong Building, Singapore 048581. CYI is listed on New York Stock Exchange under the symbol " CYD" . The three main businesses are automotive, hospitality & properties and consumer electronics:
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