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Placement of $145 million?
According to the Chairman during agm the ipo approval may be in the last quarter of 2026.
Could it be restructuring of Yuchai/MGP?
Iceycoke ( Date: 28-Apr-2026 09:29) Posted:
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This should be it liao. IPO
Good news?
Last few sessions price dropped a lot, shortists out in force?
If good news will it gap up on lifting of halt?
Last few sessions price dropped a lot, shortists out in force?
If good news will it gap up on lifting of halt?
Trading halt pending release of announcement
Bought some at 3.05.
This is my long term stock.
This is my long term stock.
HLA low on testosterone la... Maybe is a lady player or same kind as Trump. Good for trading though.
Now HLA back to base camp
while FE took the lead.
LOL
while FE took the lead.
LOL
msksmsks ( Date: 15-Apr-2026 10:21) Posted:
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Totally agree with you. Can make some beer money almost every day.
Louistan ( Date: 23-Apr-2026 12:18) Posted:
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Low liquidity which explains its volatility. Good for trading.
Iceycoke ( Date: 23-Apr-2026 12:04) Posted:
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Should take note that their peak share price was $5.05 (about)
some years ago.
some years ago.
ahberngh ( Date: 23-Apr-2026 12:16) Posted:
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Added some at 3.26.
This one, going to be big in 1-3 years time if all
their moves pan out.
Will hold tight for at least $5.
Just my opinion. please dyodd.
This one, going to be big in 1-3 years time if all
their moves pan out.
Will hold tight for at least $5.
Just my opinion. please dyodd.
lol.. this operator for HLA is a one shot wonder person. Shoot one time then turn soft for a while. Need long time to recover, must be a person with low testosterone. Kekekekeke
Fair chance it could go on to test the upper channel when the prior high is taken out.
HLA UOBKH Target Price $4.90
HLA acquires YTL at a compelling 4.3x PE with low execution risk. We raise
our earnings forecast by 6-15% on the back of this deal.
&bull Singapore&rsquo s HDB construction upcycle, targeting 55,000 BTO units by 2027,
provides durable revenue visibility for newly-acquired YTL.
&bull Maintain BUY with a higher target price of S$4.90, implying 53% upside.
Analysis
&bull Strategic bolt-on acquisition. Hong Leong Asia (HLA) announced that it has
acquired Yong Tai Loong (YTL), a privately-owned 60+ year-old architectural
building products company, for S$90.7m in cash. According to the company,
the deal is immediately accretive with pro forma 2025 EPS (assuming the deal
had been completed on 1 Jan 25) rising by 18.6% from S$0.1508 to S$0.1789,
excluding one-off items. YTL has over 100 construction company clients, two
manufacturing facilities in Singapore, and importantly its status as one of only
five HDB-approved household shelter suppliers makes this a high-quality,
defensible business, in our view.
&bull Attractively priced acquisition at 4.3x PE. HLA&rsquo s acquisition price of
S$90.7m for a company that made S$21.1m (before one-off items) implies an
acquisition PE of 4.3x which we view as attractive, and may suggest that the
headline price conservatively values the growth pipeline. One item worth
watching in the future is the large goodwill of S$56.3m (given that YTL&rsquo s net
tangible assets was S$34.4m as at end-25) which could be impaired if the
construction industry softens. We understand that despite the one-off items,
YTL remains in a net cash position post-acquisition.
&bull Industry tailwinds remain powerful and durable. Singapore&rsquo s construction
sector is in the midst of a multi-year upcycle with the market forecast to reach
over S$40b by 2031, anchored by HDB BTO programmes, Changi Terminal
5, and the Tuas Port expansion. According to the HDB, it will maintain a robust
supply of BTO flats to meet demand with 19,600 BTO flats scheduled for
launch in 2026 while total supply for 2025-27 is about 55,000 units. As one of
only five HDB-approved shelter suppliers, we see YTL as being in a privileged
position that cannot easily be replicated by new entrants.
HLA acquires YTL at a compelling 4.3x PE with low execution risk. We raise
our earnings forecast by 6-15% on the back of this deal.
&bull Singapore&rsquo s HDB construction upcycle, targeting 55,000 BTO units by 2027,
provides durable revenue visibility for newly-acquired YTL.
&bull Maintain BUY with a higher target price of S$4.90, implying 53% upside.
Analysis
&bull Strategic bolt-on acquisition. Hong Leong Asia (HLA) announced that it has
acquired Yong Tai Loong (YTL), a privately-owned 60+ year-old architectural
building products company, for S$90.7m in cash. According to the company,
the deal is immediately accretive with pro forma 2025 EPS (assuming the deal
had been completed on 1 Jan 25) rising by 18.6% from S$0.1508 to S$0.1789,
excluding one-off items. YTL has over 100 construction company clients, two
manufacturing facilities in Singapore, and importantly its status as one of only
five HDB-approved household shelter suppliers makes this a high-quality,
defensible business, in our view.
&bull Attractively priced acquisition at 4.3x PE. HLA&rsquo s acquisition price of
S$90.7m for a company that made S$21.1m (before one-off items) implies an
acquisition PE of 4.3x which we view as attractive, and may suggest that the
headline price conservatively values the growth pipeline. One item worth
watching in the future is the large goodwill of S$56.3m (given that YTL&rsquo s net
tangible assets was S$34.4m as at end-25) which could be impaired if the
construction industry softens. We understand that despite the one-off items,
YTL remains in a net cash position post-acquisition.
&bull Industry tailwinds remain powerful and durable. Singapore&rsquo s construction
sector is in the midst of a multi-year upcycle with the market forecast to reach
over S$40b by 2031, anchored by HDB BTO programmes, Changi Terminal
5, and the Tuas Port expansion. According to the HDB, it will maintain a robust
supply of BTO flats to meet demand with 19,600 BTO flats scheduled for
launch in 2026 while total supply for 2025-27 is about 55,000 units. As one of
only five HDB-approved shelter suppliers, we see YTL as being in a privileged
position that cannot easily be replicated by new entrants.
HLA DBS Target Price $3.90
Acquisition of Yong Tai Loong for SGD90.7mn manufacturer of a niche architectural and
civil defence building products
Key positives: i) immediately EPS accretive to HLA (c.19% accretion), ii) complements HLA
Building Materials business, iii) one of the key players in this niche product, iv) large order
books that is in tandem with new HDB supply, v) attractive P/E multiple of only c.4.5x What
we are watching out for: i) concentration risk as YTL&rsquo s business is heavily reliant on HDB
projects and entirely in Singapore, ii) NTA dilutive due to payment of goodwill Reiterate BUY
with unchanged TP of SGD3.90
Acquisition of Yong Tai Loong for SGD90.7mn manufacturer of a niche architectural and
civil defence building products
Key positives: i) immediately EPS accretive to HLA (c.19% accretion), ii) complements HLA
Building Materials business, iii) one of the key players in this niche product, iv) large order
books that is in tandem with new HDB supply, v) attractive P/E multiple of only c.4.5x What
we are watching out for: i) concentration risk as YTL&rsquo s business is heavily reliant on HDB
projects and entirely in Singapore, ii) NTA dilutive due to payment of goodwill Reiterate BUY
with unchanged TP of SGD3.90
Looking at the hourly, daily and weekly charts, HLA is going to make all long term investors happy.
Rightstock ( Date: 10-Apr-2026 16:35) Posted:
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Look like the last peak at $3.55 may be challenged this week.
Louistan ( Date: 22-Apr-2026 12:01) Posted:
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Hong Leong Asia pays $90.7 mil for household shelter supplier Yong Tai Loong
Hong Leong Asia has paid $90.7 million in cash for privately-held Yong Tai Loong, a supplier of household shelters and other building materials.
Yong Tai Loong, according to Hong Leong Asia, has six decades of history and is one of the five household shelter suppliers approved by HDB.
The acquisition is aligned with HLA&rsquo s strategy to enhance its capabilities in delivering urban solutions within the built industry.
HLA says that with strong demand for construction outputs with HDB and private residential projects, Yong Tai Loong has grown its orderbook that will support profitable growth trajectory over the next few years.
On a pro forma basis, HLA' s earnings per share assuming the acquisition was completed on Jan 1 2025, would increase from 15.08 cents to 15.79 cents.
Besides household shelters, Yong Tai Loong supplies other fittings used in residential developments ranging from laser cut metal gates, wrought iron gates, uPVC doors, retractable clothes drying racks, letterboxes and ladders.
The addition of Yong Tai Loong to the building materials portfolio will broaden HLA&rsquo s capabilities by expanding its product offerings and positioning the group for further growth in Singapore&rsquo s built environment sector.
" We will continue to evaluate portfolio enhancement opportunities that will drive long-term value for our shareholders," says Stephen Ho, HLA' s executive director and CEO.
UOBKH increased TP to $4.90