Hong Leong Asia    Last:2.99    -0.04

New era, future is looking brighter

This one is no longer a one night stand, because as far as I know, there will be plenty of movements not only from China, but here. Don' t look at the nav, because the price will surpass the nav when   the fire spread to the open.
once again, no fire if there' s no smoke.

but please, dyohwadfb 

 

Today close at 91c, up 8.5c.
Next stop $1.
The question in my mind now is this: how strong is the current run.Will it continue directly to attack $1
or will the price retreat below 90c, rest a while before attacking $1.
Wait and see.

 

Can still buy?
Got more upside?
Keep staring, but not sure accumulation or distribution.

 

 

With problems in US-China relationship, a dual listing is welcomed and likely.
The current primary listing is in NASDAQ.

 

CGS-CIMB has initiated " add" on Hong Leong Asia (HLA) with a S$1.18 target price. This comes as the research house forecasts net profit after tax growth of 54 per cent in FY2021 for the group.

As the trade and industry arm of Singapore conglomerate Hong Leong Group, HLA operates under three key business segments - diesel engines, building materials, and rigid plastic packaging.

At its current price, investors are paying for HLA' s diesel engine segment while getting its building materials segment for free, CGS-CIMB said.

As at the midday break on Wednesday, shares of HLA were trading 9.7 per cent or eight Singapore cents higher at 90.5 cents.

CGS-CIMB expects HLA' s China diesel engine business to ride on policy tailwinds, with pre-buying ahead of the nationwide implementation of National VI engine standards in July 2021. Profit for the segment is anticipated to see 30.8 per cent year-on-year growth in FY2021.

HLA' s diesel engine business is operated by China Yuchai International, which is 44.7 per cent owned. Despite being a market leader in China, China Yuchai is trading at 5.6 times the research team' s earnings estimates for the 2022 calendar year, a significant 60 per cent discount to its peers.

A potential secondary listing of China Yuchai in Hong Kong or China could be a re-rating catalyst for HLA. Assuming the discount versus peers is narrowed to 30 per cent, CGS-CIMB' s target price for HLA will rise to S$1.33.

As for HLA' s building materials business, CGS-CIMB expects the segment to recover as construction activities resume. The segment' s profit before tax is expected to grow by 72 per cent to S$21.9 million in FY2021, according to CGS-CIMB' s forecast.

 

Like they say, there got to be a fire, if you see smoke. Still maintain today' s momentum, as many more buyers emerge to queue. 

Lobster      ( Date: 07-Apr-2021 10:30) Posted: No more under the radar. High volume for a seldom traded stock, more than 6% increase today. Easily a one dollar stock. But please don' t want it to overrun. Nice and easy.   Lobster      ( Date: 06-Apr-2021 09:45) Posted: Move up as high as 0.83 this morning, but still under the radar. easily a one dollar stock. No smoke with a fire.

 

No more under the radar. High volume for a seldom traded stock, more than 6% increase today.
Easily a one dollar stock. But please don' t want it to overrun. Nice and easy.
 

Lobster      ( Date: 06-Apr-2021 09:45) Posted: Move up as high as 0.83 this morning, but still under the radar. easily a one dollar stock. No smoke with a fire.

 

Power. $1 coming but need to rest a while after today.

ahberngh      ( Date: 07-Apr-2021 10:07) Posted: This one, the Kweks own about 76%, free float 21.5%, total shares 747M, nav 1.17. Looking at the numbers, possible privatisation by the Kweks. But, once the baseline of about 90c is established for a few months, even if privatised, I don' t think minorities can be low balled by much. Furthermore, I don' t think the Kweks will privatise neither are they out to undermine minor shareholders. If they want to privatise, could have done it when the price was in the 40s-50s. Just my opinion, I may be completely wrong,   please dyodd. Vested.

 

This one, the Kweks own about 76%, free float 21.5%, total shares 747M, nav 1.17.
Looking at the numbers, possible privatisation by the Kweks.
But, once the baseline of about 90c is established for a few months, even if privatised, I don' t think
minorities can be low balled by much.
Furthermore, I don' t think the Kweks will privatise neither are they out to undermine minor shareholders.
If they want to privatise, could have done it when the price was in the 40s-50s.
Just my opinion, I may be completely wrong,   please dyodd.
Vested.

 

High goes higher......let' s see if it can hit $0.93 follow by $0.95 and perhaps $1.00 tomorrow?

 

90/905..can it run like Hong Fok?

 

90.5c, up, up up, away we go.

 

CIMB initiate with ADD and TP of $1.18..

 

Can HL Asis touch 90c today?
Fingers crossed!

 

If you are into gap theory, there is a potential gap to be covered at 0.925 ( first target ) and 0.955. I also think this is just the start of a big move up. BB just starting engine only

 

Move up as high as 0.83 this morning, but still under the radar.
easily a one dollar stock. No smoke with a fire.

 

On the move these few days.
Next target 90c, then.......
This could be a bumper year for HL Asia, with headwinds removed.
Management is cautiously optimistic.
Just my opinion, please dyodd.

 

This year, I think HL Asia all systems go.
Huat ahhh!!!

Lobster      ( Date: 05-Apr-2021 14:56) Posted: Today saw a massive 3.5% jump. Moving very nicely every week but under the radar  Something may be spilling into the open. I see one dollar on the way.

 

Today saw a massive 3.5% jump. Moving very nicely every week but under the radar 

Something may be spilling into the open. I see one dollar on the way.
 

 

BB controlled. Need to push above 0.79 to have a nice run up. 

ahberngh      ( Date: 29-Mar-2021 08:51) Posted: I am with you. Xinfei and Airwell, both loss making segments of their business have been removed. I am optimistic of this stock. Looking forward to it crossing the 90c point as a first target. But it is worth more than that, in my opnion. Wait and see.   Lobster      ( Date: 28-Mar-2021 19:45) Posted: Any body optimistic on this stock as me? After getting rid of the albatross xinfei, it would be an eagle ready to soar. Recently able to recover some $10 million of its write-offsthat will add to its nav and FY earnings. Plus able to report profits in spite of the pandemic. Kwek LP may be the right guy to take the company forward, he being very opposed to CDL involvement in the Sincere saga, may mull a privatisation possibility. Looking forward to it soaring over a dollar.... :)