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HLA certainly has a lot of very successful subsidiaries.
HLA subsidiary Tasek Corp in Malaysia is hitting new highs everyday! Earnings also solid.
To me it is simpler than that: Hong Leong inept management. Hong Leong in general is run by a bunch of old folks who should have been retired long time ago. These people are more concerned about doing no wrong, rather than being progressive and proactive. Salary less nevermind. If uncle quek don't say sell, they won't sell. So whole Hong Leong group is essentially a one man show.
Qanghoo ( Date: 16-Aug-2014 11:22) Posted:
Correct me if I' m wrong, and pardon me if I appear to ridicule. Seems to me that we are putting out views here as if we cld influence Uncle Kwek to divest Xinfei. For all we know HLA may have a hidden agenda and may see Xinfei as a strategic part of their business in the long run, which may be why they are holding on to a strategic stake in Thakral too. In the 2Q result annoncement they had mentioned that part of Xinfei' s slump in sales is due to the current downturn in the PRC property market. Also, if my recollections serve me well, I thought there was an offer (seemed an atrractive one too) by another party within the PRC for Xinfei some yrs back, whcih had helped propel HLA share to dizzy heights. But HLA refused to sell.
Being vested in HLA, I too hope they' d get rid of Xinfei which wld likely help improve their bottomline immediately. Alas, it looks like it' d be much easier for us to dump HLA instead.
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Past articles for reference:
Second Quarter Report: Revenue of consumer products unit (" Xinfei" ) declined by 10.5% as compared with 2Q 2013. Despite new marketing plans and an advertising campaign on China television network in the months of April 2014 and May 2014, the increase in sales did not materialise. Keen competition and the weaker property market in China led to lower consumer demand for Xinfei&rsquo s products. Unit sales were lower by 6.3% as compared to the same period last year. Xinfei&rsquo s revenue declined by 13.4% as compared to 1H 2013.
The consumer appliances industry is expected to remain challenging and highly competitive with over capacity and lower consumer demand. These challenges will continue to impact Xinfei&rsquo s performance for 2014. With new marketing plans and advertising campaign on the China television network currently being underway, Xinfei aims to be able to increase its sales in the second half of the year.
Qanghoo ( Date: 16-Aug-2014 11:22) Posted:
Correct me if I' m wrong, and pardon me if I appear to ridicule. Seems to me that we are putting out views here as if we cld influence Uncle Kwek to divest Xinfei. For all we know HLA may have a hidden agenda and may see Xinfei as a strategic part of their business in the long run, which may be why they are holding on to a strategic stake in Thakral too. In the 2Q result annoncement they had mentioned that part of Xinfei' s slump in sales is due to the current downturn in the PRC property market. Also, if my recollections serve me well, I thought there was an offer (seemed an atrractive one too) by another party within the PRC for Xinfei some yrs back, whcih had helped propel HLA share to dizzy heights. But HLA refused to sell.
Being vested in HLA, I too hope they' d get rid of Xinfei which wld likely help improve their bottomline immediately. Alas, it looks like it' d be much easier for us to dump HLA instead.
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Correct me if I' m wrong, and pardon me if I appear to ridicule. Seems to me that we are putting out views here as if we cld influence Uncle Kwek to divest Xinfei. For all we know HLA may have a hidden agenda and may see Xinfei as a strategic part of their business in the long run, which may be why they are holding on to a strategic stake in Thakral too. In the 2Q result annoncement they had mentioned that part of Xinfei' s slump in sales is due to the current downturn in the PRC property market. Also, if my recollections serve me well, I thought there was an offer (seemed an atrractive one too) by another party within the PRC for Xinfei some yrs back, whcih had helped propel HLA share to dizzy heights. But HLA refused to sell.
Being vested in HLA, I too hope they' d get rid of Xinfei which wld likely help improve their bottomline immediately. Alas, it looks like it' d be much easier for us to dump HLA instead.
Look at Osim, after it sold off its troubldd Brooke don't know what company, the share price rallied non stop. Cutting loss in xinfei is a must.
lifeisgood ( Date: 15-Aug-2014 20:42) Posted:
Selling is not a problem, it is a matter of price.
xtraderx ( Date: 15-Aug-2014 19:55) Posted:
But who' d want to buy a no name white goods manufacturer thats losing money?
Its very diffierent from GE selling its applicances arm, xinfei isn' t worth anything to anyone.
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Selling is not a problem, it is a matter of price.
xtraderx ( Date: 15-Aug-2014 19:55) Posted:
But who' d want to buy a no name white goods manufacturer thats losing money?
Its very diffierent from GE selling its applicances arm, xinfei isn' t worth anything to anyone.
lifeisgood ( Date: 15-Aug-2014 18:49) Posted:
| Just sell away xinfei lah. Even GE is selling away its appliances arm |
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But who' d want to buy a no name white goods manufacturer thats losing money?
Its very diffierent from GE selling its applicances arm, xinfei isn' t worth anything to anyone.
lifeisgood ( Date: 15-Aug-2014 18:49) Posted:
Just sell away xinfei lah. Even GE is selling away its appliances arm.
xtraderx ( Date: 15-Aug-2014 18:15) Posted:
As expected, Xinfei' s fundamentals has deteriorated further, more inventory write downs and smaller market share.
This stock is obviously a dog, might as well invest in CYD rather than this since its the only unit in HLA thats doing well now.
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Just sell away xinfei lah. Even GE is selling away its appliances arm.
xtraderx ( Date: 15-Aug-2014 18:15) Posted:
As expected, Xinfei' s fundamentals has deteriorated further, more inventory write downs and smaller market share.
This stock is obviously a dog, might as well invest in CYD rather than this since its the only unit in HLA thats doing well now.
xtraderx ( Date: 17-Apr-2014 18:39) Posted:
Xinfei has been losing market share to its competitors ever since HLA acquired it, consumer appliances business is a very competitive industry in China, I don' t think its that easy to turn around from a position of weakness.
I see a reason for re-rating if they sell xinfei, until then it will continue to be a source of drag, possibly for many years.
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As expected, Xinfei' s fundamentals has deteriorated further, more inventory write downs and smaller market share.
This stock is obviously a dog, might as well invest in CYD rather than this since its the only unit in HLA thats doing well now.
xtraderx ( Date: 17-Apr-2014 18:39) Posted:
Xinfei has been losing market share to its competitors ever since HLA acquired it, consumer appliances business is a very competitive industry in China, I don' t think its that easy to turn around from a position of weakness.
I see a reason for re-rating if they sell xinfei, until then it will continue to be a source of drag, possibly for many years.
lifeisgood ( Date: 17-Apr-2014 17:13) Posted:
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Xinfei itself is actually a turnaround story. FY2013 loss has narrow very substantially to only $40 plus million, compared to $100 plus million a year ago.
And this year Xinfei after writing down millions worth of old inventory, is launching many new white goods models. It is actually quite a well known household name in China
Many companies like Bosch, Panasonic, LG or Samsung may actually be very interested to acquite Xinfei to capture maket share. Just that Xinfei is the weakest performer in the HL Asia group of companies. Thats why many people are calling for Xinfei's head. Lets hope it has finally fully turned around and it can start contributing meaningfully to HL Asia bottom line.
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Very disappointed...no much action
lifeisgood ( Date: 19-Jun-2014 18:04) Posted:
This time will try to bang through $1.80 !
taxiuncle ( Date: 19-Jun-2014 15:38) Posted:
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Yesterday more than 1 million shares transacted, more than 10 times normal daily average. A privatisation deal or good news coming?
The first order of thing should be to sell xinfei.
Yuchai is the first in China to introduce euro 6 compliant diesel engine in 2011. with china cutting down on pollution, this kind of diesel engine should be selling well. This company is quite advance in its research.
lifeisgood ( Date: 19-Jun-2014 18:04) Posted:
This time will try to bang through $1.80 !
taxiuncle ( Date: 19-Jun-2014 15:38) Posted:
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This time will try to bang through $1.80 !
taxiuncle ( Date: 19-Jun-2014 15:38) Posted:
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Is moving fast...
Losing steam???
Honestly I don't like the volume.
| Technical Analysis-Hong Leong Asia-Rebound at key supports suggests more upside |
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By Andy Wong, OCBC
Wed, 14 May 2014, 10:30:18 SGT
Rebound at key supports suggests more upside
Key base holding firm.
Hong Leong Asia could see more upside ahead after initiating a strong rebound off both its 3-month uptrend support and $1.54 key resistance-turned-support on heavy trading volume in the last session.
Indicator turning bullish.
The MACD is starting to converge bullishly towards its signal line this suggests that the recent downside momentum is waning.
Target price at $1.71.
The counter could climb higher back towards the next key resistance at $1.71 (key peak) in the weeks ahead.
Stop loss level at $1.52.
Meanwhile, we advocate a stop-loss exit around $1.52, which is slightly below the firm support of $1.54.
...last:$1.585...
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...17 Apr close @ $1.620..next day gap up to $1.625...
...base on gap theory..correction would at least hit $1.620 to close the gap..last:$1.635..kiv...
