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https://finance.yahoo.com/news/rolls-royce-guangxi-yuchai-expand-173545157.html
Hong Leong Asia H1 profit from continuing operations up 60% to S$49.4 million.
Revenue increased 8.5 per cent to S$2.3 billion, from S$2.1 billion in H1 FY2023. The increase in revenue was mainly due to higher revenue recorded by its powertrain solutions unit, known as Yuchai, and its building materials unit.
Group declares interim dividend of S$0.01 per share, to be paid out on Sep 10.
Revenue increased 8.5 per cent to S$2.3 billion, from S$2.1 billion in H1 FY2023. The increase in revenue was mainly due to higher revenue recorded by its powertrain solutions unit, known as Yuchai, and its building materials unit.
Group declares interim dividend of S$0.01 per share, to be paid out on Sep 10.
Hong Leong Asia H1 profit from continuing operations up 60% to S$49.4 million
Group declares interim dividend of S$0.01 per share, to be paid out on Sep 10
INDUSTRIAL conglomerate Hong Leong Asia : H22 +1.44% on Tuesday (Aug 13) reported a net profit from continuing operations of S$49.4 million for the six months ended Jun 30, up 60.1 per cent from S$30.9 million year on year.
This translates to an earnings per share from continuing operations of S$0.0661, compared to S$0.0413 in H1 FY2023, the group said in a bourse filing.
Including discontinued operations, Hong Leong Asia&rsquo s net profit for the period was S$49.5 million, up 60.9 per cent from S$30.8 million in the corresponding year-ago period.
Discontinued operations refer to its air-conditioning systems unit, Airwell Air-conditioning Technology (China) and its subsidiary Airwell Air-conditioning (Hong Kong) Company, which ceased business operations in 2020.
The group has declared an interim dividend of S$0.01 per share, to be paid out on Sep 10.
Revenue increased 8.5 per cent to S$2.3 billion, from S$2.1 billion in H1 FY2023. The increase in revenue was mainly due to higher revenue recorded by its powertrain solutions unit, known as Yuchai, and its building materials unit.
Yuchai&rsquo s H1 revenue was S$1.9 billion, up 9.3 per cent from S$1.8 billion the year before. The rise in Yuchai&rsquo s revenue was driven by higher engine sales, as its total number of engines sold climbed 16.3 per cent to 192,743 units in H1 FY2024.
Meanwhile, first-half revenue for the building materials unit came in at S$321.4 million, up 5 per cent from S$306.3 million year on year.
The increase in revenue under this unit was due to higher sales volumes by Tasek, Hong Leong Asia&rsquo s building materials unit in Malaysia, which was also bolstered by the softening of coal prices.
Commenting on its results, the group noted that Yuchai was doing well in China with strong unit sales growth in almost all segments. Yuchai is also continuing to invest in research and development initiatives to improve its powertrain portfolio, including the development of new energy solutions.
It also expects demand for Tasek in Malaysia to continue to improve with the increased infrastructure development expenditure. However, the group warned overall costs are expected to rise with the recent removal of diesel subsidies.
&ldquo Tasek is focused on improving its operational efficiency and increasing the use of recycled materials as well as alternative raw materials and fuels in our ongoing efforts to be more sustainable,&rdquo said Hong Leong Asia.
Very good results. Hope analyst will rerate the stock. Umdervalued relative to earnings and NTA.
Net profit for 6m 2024 $49.4m vs 6m 2023 $30.8m. Up 60%
Launched 50 fuel cell powered bus with Beijing Xingshunda (82KW & 120KW versions).
Launched new QT700-10 wind turbine fan main shaft.
US$40m/4m shares buyback program approved and announced by Board of China Yuchai in June 2024.
Chinese Government programme on large scale equipment renewal announced in July 2024 to incentivise scrapping of older commercial vehicles and equipment in place of new energy solutions.
Not bad, interim dividend of 1c
per share.
Company expects to do well for 2024.
Looking at 1H results, I think more
good news coming at year end.
Hope for a re-rating soon.
Hong Leong Asia&rsquo s Attributable Net Profit Up 60.9% to S$49.5 million in 1H 2024
https://links.sgx.com/1.0.0/corporate-announcements/828LMNHC0LJHFNSP/815296_2.%20HLA%20-%20Press%20Release_1H%202024.pdf
https://links.sgx.com/1.0.0/corporate-announcements/828LMNHC0LJHFNSP/815296_2.%20HLA%20-%20Press%20Release_1H%202024.pdf
Profit taking by short term traders?
Those who believe in its longer term prospects, opportunity to buy in cheap.
Added some.
Those who believe in its longer term prospects, opportunity to buy in cheap.
Added some.
Today in HLA price chart, 50 dma cut 200dma upwards. At 72.5c it is above 10, 20, 50, 100 and 200dma. Bullish signal.
Rightstock ( Date: 22-Jul-2024 09:55) Posted:
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The unfair but reasonable situation I' m familiar with, and I' m fine with, as is the regulator.
Trading 100 shares to move the share price is a different matter - it is illegal. Personally I havent seen it but then I don' t deal in penny stocks.Surprised the regulator has not taken action.
Trading 100 shares to move the share price is a different matter - it is illegal. Personally I havent seen it but then I don' t deal in penny stocks.Surprised the regulator has not taken action.
k2kingkong ( Date: 22-Jul-2024 12:05) Posted:
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China' s economy is in the shits, how can HLA be doing well ? Increasing the share price now is probably a bull trap.
This is SINGAPORE
k2kingkong ( Date: 22-Jul-2024 12:05) Posted:
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Every trading day and in many counters, I see 100 shares sold just to depress the share price. Have we heard anything from regulators ?
What can we expect from regulators ? for example, rule says " fair and reasonable" but " unfair and reasonable" is also acceptable.
If you can see it presumably the regulator can see this too?
k2kingkong ( Date: 22-Jul-2024 11:35) Posted:
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This is a highly illiquid manipulated stock by brokers which I will not name. The last time I buy up to 71 and got short down to 67. The shorts were covered by married deals.
I agree with you. HLA is a $1.00 stock given it is so unvalued and construction business is growing in the next few years due to big construction projects.
HLA is not for contra players and it can be volatile.
HLA is not for contra players and it can be volatile.
ahberngh ( Date: 12-Jul-2024 16:48) Posted:
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Unusually high volumes these few days, normally this is an illiquid stock.
Possibly something is brewing.
But contras be extremely wary, could be just bbs/shortists playing the
counter to ensnare contras.
Just my opinion.
Possibly something is brewing.
But contras be extremely wary, could be just bbs/shortists playing the
counter to ensnare contras.
Just my opinion.
$1.52 net cash. That mean can takeover for free and still get plenty of free cash.
ahberngh ( Date: 19-Jul-2024 23:51) Posted:
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HLA nav is $1.23, cash in hand is
$1.52, net cash.
Hong Leong Group owns about
79%, free float is 21%.
Stock is mostly illiquid, highly
undervalued.
Any possibility of a privatisation?
If so, likely price?
Anything below $1 would not bt attractive
looking at the nav and cash.
Just a wild guess, but a possiblity
looking at the price and volume.
Another reason for the movement
may be because people expecting
a bumper result.