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Oops, it is UOBKH, just look at the posting below
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ahberngh ( Date: 06-May-2021 09:26) Posted:
This is a recovery stock.
Any dip below $1 is going to be short lived because the expectations of a good result for 2021 is too great.
The next station destination of $1.1 is on track, in my opinion.
One broking house (I think UOBKH, got to check) has started coverage with a tp of 1.38.
Vested, please dyodd.
ahberngh ( Date: 29-Apr-2021 09:43) Posted:
Ai lai liao.
1.1 by tomorrow, can or not???
Fingers crossed |
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This is a recovery stock.
Any dip below $1 is going to be short lived because the expectations of a good result for 2021 is too great.
The next station destination of $1.1 is on track, in my opinion.
One broking house (I think UOBKH, got to check) has started coverage with a tp of 1.38.
Vested, please dyodd.
ahberngh ( Date: 29-Apr-2021 09:43) Posted:
Ai lai liao.
1.1 by tomorrow, can or not???
Fingers crossed .
SmallSmall ( Date: 29-Apr-2021 09:41) Posted:
UOB Kay Hian starts Hong Leong Asia at ' buy' amid strong recovery wave and accelerating demand
Felicia Tan Published on Wed, Apr 28, 2021 / 5:10 PM GMT+8 / Updated 16 hours ago
UOB Kay Hian analyst John Cheong has initiated &ldquo buy&rdquo on Hong Leong Asia as the company&rsquo s building materials and diesel engines segments look set to benefit from a strong recovery in 2021.
On this, Cheong has pegged a target price estimate of $1.38, that&rsquo s pegged to 12 times FY2022 price-to-earnings (P/E), which is +1 standard deviation (s.d.) above mean P/E.
Hong Leong Asia is the trade and industry arm of Singapore conglomerate Hong Leong Group. It was listed on the Singapore Exchange (SGX) since 1998 and has a management portfolio of diesel engines, building materials supply chain, rigid plastic packaging, as well as air-conditioning systems.
It has an established track record and strong recovery in its building materials segment, to which Cheong expects earnings for this segment to grow by 55% y-o-y for 2021.
The growth is likely to be driven by better sales volume as well as better average selling prices (ASPs) for precast and ready-mix concretes as construction activity resumes.
Get the latest Singapore corporate news stories for FREE
Hong Leong Asia&rsquo s building materials segment is one of the largest integrated players in Singapore, providing ready-mix concrete and precast concrete elements for public housing construction. Its subsidiary Tasek is the fourth-largest cement producer in Malaysia.
The company&rsquo s diesel engine segment also looks set to experience &ldquo robust growth&rdquo in 2021 as consumers begin purchasing a new version of engines. Hong Leong Asia&rsquo s 44.7%-owned subsidiary, China Yuchai is the second-largest engine manufacturer in China.
China Yuchai manufactures and sells engines for trucks, buses passenger vehicles, industrial equipment and agricultural applications.
Despite the major disruptions due to Covid-19, China Yuchai saw a stellar showing in 2020 with a 14.4% y-o-y increase in the number of engine units to 430,320, as a result of the growth in China&rsquo s agriculture segment.
&ldquo We expect the earnings of China Yuchai to grow by 17% y-o-y for 2021, as the growth momentum should continue in 2021 from greater buying activity in National VI(a) compliant diesel engines before its full implementation on July 1,&rdquo writes Cheong.
&ldquo To tap on the electric vehicle (EV) market in the longer term, China Yuchai is developing alternative new energy solutions in new generation hybrid power, integrated electric bridge and fuel cell system,&rdquo he adds.
Given the strong showing in both segments, Cheong estimates a 52% growth in Hong Leong Asia&rsquo s earnings per share (EPS) in 2021.
Hong Leong Asia, which closed down its loss-making segments in 2020 &ndash including the disposal of its loss-making air-conditioning business &ndash is expected to see a further lift in its earnings due to the move.
The disposal of the segments will also allow management to concentrate on its profitable segments, says Cheong.
&ldquo We think current valuations of 9 times FY2022 P/E for Hong Leong Asia are attractive, given that both its key segments will ride on an industry uptrend,&rdquo writes Cheong.
Shares in Hong Leong Asia closed 2 cents lower or 1.9% down at $1.02 on April 28, or 0.8 times UOB Kay Hian&rsquo s estimates for the FY2021.
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This is the key to the stock cheong lar
Hong Leong Asia shareholders may benefit from secondary listing of diesel engine unit
Ai lai liao.
1.1 by tomorrow, can or not???
Fingers crossed
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SmallSmall ( Date: 29-Apr-2021 09:41) Posted:
UOB Kay Hian starts Hong Leong Asia at ' buy' amid strong recovery wave and accelerating demand
Felicia Tan Published on Wed, Apr 28, 2021 / 5:10 PM GMT+8 / Updated 16 hours ago
UOB Kay Hian analyst John Cheong has initiated &ldquo buy&rdquo on Hong Leong Asia as the company&rsquo s building materials and diesel engines segments look set to benefit from a strong recovery in 2021.
On this, Cheong has pegged a target price estimate of $1.38, that&rsquo s pegged to 12 times FY2022 price-to-earnings (P/E), which is +1 standard deviation (s.d.) above mean P/E.
Hong Leong Asia is the trade and industry arm of Singapore conglomerate Hong Leong Group. It was listed on the Singapore Exchange (SGX) since 1998 and has a management portfolio of diesel engines, building materials supply chain, rigid plastic packaging, as well as air-conditioning systems.
It has an established track record and strong recovery in its building materials segment, to which Cheong expects earnings for this segment to grow by 55% y-o-y for 2021.
The growth is likely to be driven by better sales volume as well as better average selling prices (ASPs) for precast and ready-mix concretes as construction activity resumes.
Get the latest Singapore corporate news stories for FREE
Hong Leong Asia&rsquo s building materials segment is one of the largest integrated players in Singapore, providing ready-mix concrete and precast concrete elements for public housing construction. Its subsidiary Tasek is the fourth-largest cement producer in Malaysia.
The company&rsquo s diesel engine segment also looks set to experience &ldquo robust growth&rdquo in 2021 as consumers begin purchasing a new version of engines. Hong Leong Asia&rsquo s 44.7%-owned subsidiary, China Yuchai is the second-largest engine manufacturer in China.
China Yuchai manufactures and sells engines for trucks, buses passenger vehicles, industrial equipment and agricultural applications.
Despite the major disruptions due to Covid-19, China Yuchai saw a stellar showing in 2020 with a 14.4% y-o-y increase in the number of engine units to 430,320, as a result of the growth in China&rsquo s agriculture segment.
&ldquo We expect the earnings of China Yuchai to grow by 17% y-o-y for 2021, as the growth momentum should continue in 2021 from greater buying activity in National VI(a) compliant diesel engines before its full implementation on July 1,&rdquo writes Cheong.
&ldquo To tap on the electric vehicle (EV) market in the longer term, China Yuchai is developing alternative new energy solutions in new generation hybrid power, integrated electric bridge and fuel cell system,&rdquo he adds.
Given the strong showing in both segments, Cheong estimates a 52% growth in Hong Leong Asia&rsquo s earnings per share (EPS) in 2021.
Hong Leong Asia, which closed down its loss-making segments in 2020 &ndash including the disposal of its loss-making air-conditioning business &ndash is expected to see a further lift in its earnings due to the move.
The disposal of the segments will also allow management to concentrate on its profitable segments, says Cheong.
&ldquo We think current valuations of 9 times FY2022 P/E for Hong Leong Asia are attractive, given that both its key segments will ride on an industry uptrend,&rdquo writes Cheong.
Shares in Hong Leong Asia closed 2 cents lower or 1.9% down at $1.02 on April 28, or 0.8 times UOB Kay Hian&rsquo s estimates for the FY2021.
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UOB Kay Hian starts Hong Leong Asia at ' buy' amid strong recovery wave and accelerating demand
Felicia Tan Published on Wed, Apr 28, 2021 / 5:10 PM GMT+8 / Updated 16 hours ago
UOB Kay Hian analyst John Cheong has initiated &ldquo buy&rdquo on Hong Leong Asia as the company&rsquo s building materials and diesel engines segments look set to benefit from a strong recovery in 2021.
On this, Cheong has pegged a target price estimate of $1.38, that&rsquo s pegged to 12 times FY2022 price-to-earnings (P/E), which is +1 standard deviation (s.d.) above mean P/E.
Hong Leong Asia is the trade and industry arm of Singapore conglomerate Hong Leong Group. It was listed on the Singapore Exchange (SGX) since 1998 and has a management portfolio of diesel engines, building materials supply chain, rigid plastic packaging, as well as air-conditioning systems.
It has an established track record and strong recovery in its building materials segment, to which Cheong expects earnings for this segment to grow by 55% y-o-y for 2021.
The growth is likely to be driven by better sales volume as well as better average selling prices (ASPs) for precast and ready-mix concretes as construction activity resumes.
Get the latest Singapore corporate news stories for FREE
Hong Leong Asia&rsquo s building materials segment is one of the largest integrated players in Singapore, providing ready-mix concrete and precast concrete elements for public housing construction. Its subsidiary Tasek is the fourth-largest cement producer in Malaysia.
The company&rsquo s diesel engine segment also looks set to experience &ldquo robust growth&rdquo in 2021 as consumers begin purchasing a new version of engines. Hong Leong Asia&rsquo s 44.7%-owned subsidiary, China Yuchai is the second-largest engine manufacturer in China.
China Yuchai manufactures and sells engines for trucks, buses passenger vehicles, industrial equipment and agricultural applications.
Despite the major disruptions due to Covid-19, China Yuchai saw a stellar showing in 2020 with a 14.4% y-o-y increase in the number of engine units to 430,320, as a result of the growth in China&rsquo s agriculture segment.
&ldquo We expect the earnings of China Yuchai to grow by 17% y-o-y for 2021, as the growth momentum should continue in 2021 from greater buying activity in National VI(a) compliant diesel engines before its full implementation on July 1,&rdquo writes Cheong.
&ldquo To tap on the electric vehicle (EV) market in the longer term, China Yuchai is developing alternative new energy solutions in new generation hybrid power, integrated electric bridge and fuel cell system,&rdquo he adds.
Given the strong showing in both segments, Cheong estimates a 52% growth in Hong Leong Asia&rsquo s earnings per share (EPS) in 2021.
Hong Leong Asia, which closed down its loss-making segments in 2020 &ndash including the disposal of its loss-making air-conditioning business &ndash is expected to see a further lift in its earnings due to the move.
The disposal of the segments will also allow management to concentrate on its profitable segments, says Cheong.
&ldquo We think current valuations of 9 times FY2022 P/E for Hong Leong Asia are attractive, given that both its key segments will ride on an industry uptrend,&rdquo writes Cheong.
Shares in Hong Leong Asia closed 2 cents lower or 1.9% down at $1.02 on April 28, or 0.8 times UOB Kay Hian&rsquo s estimates for the FY2021.
Suddenly down 4c
.
Pushing price down to collect???
Huat ahhh!!!
Next station 1.10, can reach this week?
Keep fingers crossed.
$1.38 Target PriceSmallSmall ( Date: 28-Apr-2021 13:02) Posted:
INITIATE COVERAGE (UOB KH)
Hong Leong Asia (HLA SP)
BUY | Price/Tgt: S$1.04/S$1.38 | Mkt Cap: S$777.7m
Riding A Strong Recovery Wave And Accelerating Demand From A Low Base
Hong Leong Asia&rsquo s building materials segment is set to benefit from a strong recovery in 2021, after suffering from a significant period of lockdown in 2020. Also, the diesel engines segment will experience robust growth in 2021 as consumers start purchasing a new version of engine. In 2020, HLA has closed down its loss-making segments. We estimate a strong EPS growth 52% yoy in 2021. We initiate coverage with a BUY and target price of S$1.38, pegged to 12x 2022F PE (+1SD above mean PE).
· Established track record and strong recovery for building materials segment. Hong Leong Asia (HLA) has been listed in the SGX since 1998 and is part of Hong Leong Group conglomerate, one of the largest globalised corporations in Asia. HLA started as a building materials supplier before venturing into the diesel engine segment. HLA&rsquo s building materials unit is one of the largest integrated players in Singapore, providing ready-mix concrete and precast concrete elements for public housing construction. Its subsidiary, Tasek, is the fourth-largest cement producer in Malaysia. We expect the earnings of the building materials segment to grow by 55% yoy for 2021, driven by better sales volume as well as better ASPs for precast and ready-mix concretes as construction activity resumes.
· Diesel engine segment to benefit from accelerating demand due to a new product version, while new energy solutions could drive long term growth. HLA&rsquo s 44.7% owned subsidiary, China Yuchai International Ltd (CYD US UNRATED) is the second-largest engine manufacturer in China. It manufactures and sells engines for trucks, buses passenger vehicles, industrial equipment and agricultural applications. Despite major disruptions due to COVID-19, China Yuchai recorded a robust performance in 2020, with a 14.4% yoy increase in the number of engine units (430,320), as a result of the growth in China&rsquo s agriculture segment. We expect the earnings of China Yuchai to grow by 17% yoy for 2021, as the growth momentum should continue in 2021 from greater buying activity in National VI(a) compliant diesel engines before its full implementation on 1 Jul 21. To tap on the EV market in the longer term, China Yuchai is developing alternative new energy solutions in new generation hybrid power, integrated electric bridge and fuel cell system.
· Expect robust growth in 2021 restructuring completed for loss-making segment. Given the strong growth for both the building materials segment and China Yuchai, we expect HLA&rsquo s earnings growth to grow 52% yoy for 2021. The disposal of the loss-making air-conditioning business, expected to complete in the 1H21 will also provide a further earnings lift and allow management to concentrate on the profitable segments.
· Initiate coverage with BUY and target price of S$1.38 pegged to 12x 2022F PE, 1SD above HLA&rsquo s historical five-year average. We think current valuations of 9x 2022F PE for HLA are attractive, given that both its key segments will ride on an industry uptrend.
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INITIATE COVERAGE (UOB KH)
Hong Leong Asia (HLA SP)
BUY | Price/Tgt: S$1.04/S$1.38 | Mkt Cap: S$777.7m
Riding A Strong Recovery Wave And Accelerating Demand From A Low Base
Hong Leong Asia&rsquo s building materials segment is set to benefit from a strong recovery in 2021, after suffering from a significant period of lockdown in 2020. Also, the diesel engines segment will experience robust growth in 2021 as consumers start purchasing a new version of engine. In 2020, HLA has closed down its loss-making segments. We estimate a strong EPS growth 52% yoy in 2021. We initiate coverage with a BUY and target price of S$1.38, pegged to 12x 2022F PE (+1SD above mean PE).
· Established track record and strong recovery for building materials segment. Hong Leong Asia (HLA) has been listed in the SGX since 1998 and is part of Hong Leong Group conglomerate, one of the largest globalised corporations in Asia. HLA started as a building materials supplier before venturing into the diesel engine segment. HLA&rsquo s building materials unit is one of the largest integrated players in Singapore, providing ready-mix concrete and precast concrete elements for public housing construction. Its subsidiary, Tasek, is the fourth-largest cement producer in Malaysia. We expect the earnings of the building materials segment to grow by 55% yoy for 2021, driven by better sales volume as well as better ASPs for precast and ready-mix concretes as construction activity resumes.
· Diesel engine segment to benefit from accelerating demand due to a new product version, while new energy solutions could drive long term growth. HLA&rsquo s 44.7% owned subsidiary, China Yuchai International Ltd (CYD US UNRATED) is the second-largest engine manufacturer in China. It manufactures and sells engines for trucks, buses passenger vehicles, industrial equipment and agricultural applications. Despite major disruptions due to COVID-19, China Yuchai recorded a robust performance in 2020, with a 14.4% yoy increase in the number of engine units (430,320), as a result of the growth in China&rsquo s agriculture segment. We expect the earnings of China Yuchai to grow by 17% yoy for 2021, as the growth momentum should continue in 2021 from greater buying activity in National VI(a) compliant diesel engines before its full implementation on 1 Jul 21. To tap on the EV market in the longer term, China Yuchai is developing alternative new energy solutions in new generation hybrid power, integrated electric bridge and fuel cell system.
· Expect robust growth in 2021 restructuring completed for loss-making segment. Given the strong growth for both the building materials segment and China Yuchai, we expect HLA&rsquo s earnings growth to grow 52% yoy for 2021. The disposal of the loss-making air-conditioning business, expected to complete in the 1H21 will also provide a further earnings lift and allow management to concentrate on the profitable segments.
· Initiate coverage with BUY and target price of S$1.38 pegged to 12x 2022F PE, 1SD above HLA&rsquo s historical five-year average. We think current valuations of 9x 2022F PE for HLA are attractive, given that both its key segments will ride on an industry uptrend.
px hit pass long term ew w5 1050
w5 ext ew w5 tgt 1090
px hit 1060
Great closing at 104, went as high as 106. A lot of impatient holders who sold off at below $1 really got played out. XD is 5 May. I got a feeling that it is one of those stocks that will go up instead of down after xD because the exchange is only one cent. if not, it will take a matter of days for it to bounce back.
Plus everyone is waiting for any impending news.
Lobster ( Date: 26-Apr-2021 11:16) Posted:
Guys, it' s a honest mistake.. let' s move on.
it cum dividends now, ex D on 5 May
AGM on this Wed 28 April, expect the company to say something nice
but the big show will be the next half yearly results. Yuchai is doing so well. |
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Space ship lift off.
Next station 1.10.
$1 crossed, touched $1.02, but not stable yet.
Hope it closes above $1.
ahberngh ( Date: 27-Apr-2021 09:44) Posted:
Can it cross above $1 today?
I think good chance.
Wait and see. |
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Can it cross above $1 today?
I think good chance.
Wait and see.
It will be good if close at $1 or above.
Good chance for continuation tomorrow.
Hong Leong companies trade huge discount from NTA is common, they can their game well and patient........ wait and wait
opps. my bad on the NAV. but the 1b cash on hand is real..
tankoksee ( Date: 26-Apr-2021 11:07) Posted:
terrible its hong leong finace hor..
TraderBen ( Date: 26-Apr-2021 10:15) Posted:
| NAV $4.25 .. trading at such a huge discount P/B.. 1B cash on hand.. i am holding since 55 cents.. |
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Guys, it' s a honest mistake.. let' s move on.
it cum dividends now, ex D on 5 May
AGM on this Wed 28 April, expect the company to say something nice
but the big show will be the next half yearly results. Yuchai is doing so well.
be responsible, simple n sincere n honest in your posting...
TraderBen ( Date: 26-Apr-2021 10:15) Posted:
| NAV $4.25 .. trading at such a huge discount P/B.. 1B cash on hand.. i am holding since 55 cents.. |
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terrible its hong leong finace hor..
TraderBen ( Date: 26-Apr-2021 10:15) Posted:
| NAV $4.25 .. trading at such a huge discount P/B.. 1B cash on hand.. i am holding since 55 cents.. |
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