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Hong Leong Asia
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New era, future is looking brighter
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ahberngh
Master |
19-Feb-2025 10:49
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Thakral at year high. China Yuchai owns 11-12% of Thakral.
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beachlover1270
Member |
19-Feb-2025 10:45
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All cylinders powering ahead. China Yuchai at year high. BRC near year high. Hope HLA retest year high of $1.00 very soon. | ||||
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ahberngh
Master |
19-Feb-2025 10:22
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Last 2 weeks or so, many sellers (shortists?), price has regressed after briefly touching $1. Although slightly disappointed, I am not worried because I think these sellers/shortists will not be able to keep the price low for long. Results coming soon, out on 26 Feb, so keep fingers crossed. Hope to see sterling result (close to $100M net profit) with management rewarding shareholders more? Just my opinion, please dyodd. |
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yuhanooi
Member |
19-Feb-2025 10:16
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China yuhai closed multi months high. Results out next week....dyodd | ||||
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ahberngh
Master |
01-Feb-2025 21:16
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Alibaba just left the USA, delisted from NYSE, listing in Hong Kong. The US govt is making life very difficult for Chinese companies to  operate there. I suspect that China Yichai days in the NASDAQ are numbered. It may be better for them to list in Hong Kong or China (but I hope not in SGX, which is just a junk bourse with too many shortists/manipulators). |
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beng1102
Elite |
31-Jan-2025 13:51
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Touch $1 today.
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Rightstock
Member |
24-Jan-2025 09:34
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The Building and Contruction Authority (BCA) estimated 2024 contruction demand was $32b to $38b and most likely it may have achieved closer to $38b. For 2025 the estimate construction demand/value for construction contracts  is likely to be $47b to $53b which is substantially higher. Who will benefit from the increase in contract value construction materials suppliers like HL Asia, BRC, Pan United etc  construction companies  Kong Xi Fa Cai |
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Iceycoke
Member |
23-Jan-2025 20:28
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I agree.. management is ah pek so they need to play safe. Not wrong it also means the company is stable so does the price. Hahaha | ||||
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ahberngh
Master |
22-Jan-2025 11:26
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This one is like dry tinder, just a spark and it will go up in flames. I think all it takes is for management, just like CNMC Goldmine, to give a profit guidance saying that 2024 full year net profit is significanlty higher than 2023. But HL Asia management is more conservative, they won' t do that.  ![]() JUst my opinion  ![]() Vested.   |
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beng1102
Elite |
19-Jan-2025 13:24
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It is going above $1 soon.
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beng1102
Elite |
02-Jan-2025 11:29
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Fantastic news!  We can expect HLA to continue upward.  It is still very cheap.
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Rightstock
Member |
27-Dec-2024 07:34
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This morning HL Asia associate China Yuchai listed in NYSE closed at US$11.41 up 16.55%. 
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Rightstock
Member |
26-Dec-2024 20:01
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A new era the future is looking brighter.  Looking forward to $1.00 by the end of this year. Some brokerage firms are forecasting a net profit of $90m to $100m for financial year end 2024. At $0.90 the forecast earning per share is $0.12 and PE is 7.5 times.  Current cash on hand is $1.3 billion and net cash is $342 million.  Hopefully HL Asia can give out a generous dividend in 2025.  
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SmallSmall
Supreme |
16-Dec-2024 16:34
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Day high...$0.885 Tomorrow will retest $0.90?
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SmallSmall
Supreme |
16-Dec-2024 14:10
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Yes this one at inflexion point too. A few false breakout. But once breakthrough $0.88 hopefully will trend towards $0.90 and then $1.00  
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focusy
Senior |
16-Dec-2024 11:19
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Hong Leong Asia hasn' t been covered widely by analysts. As people get to know its story, maybe the stock price will follow -- just like Tiong Woon.   Awakening from a long sleep, this stock is +40% in 2H2024. Will it rise further?
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Joelton
Supreme |
16-Dec-2024 10:52
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With two growth engines revving, UOB Kay Hian calls Hong Leong Asia ' undervalued'
 
UOB Kay Hian maintains its positive view on Hong Leong Asia H22 , given how it is set for " strong earnings growth" between FY2024 and FY2026.
 
First, with its significant market share in both Singapore and Malaysia, its building materials segment of selling cement is seen to be a " strong proxy" for the sustained recovery of the construction industry. On the other hand, Hong Leong Asai' s China-based engine-making subsidiary is on the verge of an earnings upcycle too, thanks to favourable regulatory tailwinds.
 
" In our view, Hong Leong Asia remains undervalued given the positive outlook for its businesses," state analysts Llelleythan Tan and John Cheong in their Dec 13 report, where they' ve maintained their " buy" call along with a sum-of-the-parts based target price of $1.11.
 
Citing official estimates, the analysts note that total construction demand is expected to reach between $31 - 38 billion in 2024, with demand largely from public sector infrastructure projects such as the airport' s Terminal 5, further phases of the mega container port at Tuas, MRT lines and also the ramp up in new HDB projects. The multi-billion expansion of the two integrated resorts will be major sources of demand too. 
 
Malaysia, where Hong Leong Asia is too significantly active, is seeing its share of infrastructure projects such as the Penang LRT, Pan Borneo Sabah Phase 1, large-scale flood mitigation projects and the Sabah-Sarawak Link Road.
 
Hong Leong Asia is seen to have another leg to grow via its 48%-held separately-listed unit China Yuchai International. The China-based but New York-listed company is one of the top diesel engine manufacturers in China. 
 
In recent years, it has invested significantly to introduce new models that can meet new emission standards and also be in-line with structural growth in demand for so-called new energy vehicles.
 
Tan and Cheong note that in a bid to boost domestic consumption and spur economic recovery, China&rsquo s National Development and Reform Commission in July announced a RMB300 billion stimulus programme where vehicle owners are offered subsidies of up to RMB80,000 to scrap old ones for newer versions.
 
" We expect China Yuchai to benefit from these tailwinds which would drive engine sales in 2025 and beyond," the analysts state, as they estimate revenue and ebitda for this segment to grow at CAGRs of 4.9% and 12.6% between 2024 and 2026.
 
For the current FY2024, Tan and Cheong figure that Hong Leong Asia could grow its earnings by 46.5% to reach $95 million and a further 14.9% y-o-y in the coming FY2025 to reach $109.2 million.
 
Using a 4x 2025F EV/EBITDA multiple, Tan and Cheong estimate Hong Leong Asia' s building materials businesses to be worth some $607 million by applying a 6x 2025F EV/EBITDA multiple on the diesel engine business, that' s another $896 million.
 
In contrast, Hong Leong Asia has a current market value of just some $620 million. 
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ozone2002
Supreme |
16-Dec-2024 10:48
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UOB issued undervalued buy call TP $1.11 & CGS technical buy call CGS Technical Analysis: Buy Hong Leong Asia ![]()   |
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ahberngh
Master |
14-Dec-2024 08:09
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I think recently, China Yuchai did share buyback in Nasdaq (not sure, got to check). With Trump aggressively targetting China and all things Chinese, it is possible that they are preparing to delist from Nasdaq if necessary. Just my opinion, please dyodd. |
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Iceycoke
Member |
14-Dec-2024 06:07
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Managed to pick up some lots at 805 and seems these few days the play up is after 4ish pm. | ||||
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