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81-100 of 269
Hold tightly and stay invested.
Rightstock ( Date: 17-Sep-2024 18:56) Posted:
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Profit taking and correction seems over for now. So just STRONG BUY.
ahberngh ( Date: 25-Sep-2024 11:03) Posted:
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Agree, the last few days fell to the low 80s after climbing to 88c.
I think it is due to short term traders taking profiit and also some
base building after recent rises.
Waiting patiently (or impatiently ??
) for the next leg up.
Fingers crossed, huat ahhhh!!!!
I think it is due to short term traders taking profiit and also some
base building after recent rises.
Waiting patiently (or impatiently ??
) for the next leg up.Fingers crossed, huat ahhhh!!!!
Rightstock ( Date: 25-Sep-2024 10:04) Posted:
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After a good rest and short term traders sold off, HL Asia is already to climb up to the next level.
Rightstock ( Date: 17-Sep-2024 18:56) Posted:
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I do not think investors are buying in this stock recently but rather institutional are moving this up instead.
But I definitely do agree, from my view, that delisting from NYSE and listing it in China makes more sense as it is safer. Yuchai had been thru search from the NYSE during Trump period, if the company is closely associated with China and fortunately the result is ok.
As such, I believe the old man also wants to have peaceful night to have it in China than in US.
Old man referring the boss. Hehe
In addition, I also doubt the company will privatise as listing provides more DD & transparency where the old man is not able to monitor it closely and privatising it also means they want to keep more profit to themselves. The shareholders themselves are also tycoon. They do not need such money but rather a company that?s well managed and monitored by the shareholders. Last but not least, this company will be passed on to his daughter who is in charge of sustainability segment.
Above are my observation and thoughts.
But I definitely do agree, from my view, that delisting from NYSE and listing it in China makes more sense as it is safer. Yuchai had been thru search from the NYSE during Trump period, if the company is closely associated with China and fortunately the result is ok.
As such, I believe the old man also wants to have peaceful night to have it in China than in US.
Old man referring the boss. Hehe
In addition, I also doubt the company will privatise as listing provides more DD & transparency where the old man is not able to monitor it closely and privatising it also means they want to keep more profit to themselves. The shareholders themselves are also tycoon. They do not need such money but rather a company that?s well managed and monitored by the shareholders. Last but not least, this company will be passed on to his daughter who is in charge of sustainability segment.
Above are my observation and thoughts.
Rightstock ( Date: 18-Sep-2024 11:53) Posted:
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At its height HL Asia share price was over $5.
Unfortunately, it was bleeding red ink for several years,
by the hundreds of millions, through its domestic appliances
subsidiary Xinfei. It finally had to dispose of Xinfei by practically giving
it away. By then, the major damage was done.
They were running out of capital and had to do a rights issue.
It is good that all these problems are over (as far as I can see) and
HL Asia is again on the growth path in the last 2-3 years.
Things are looking good for the future.
Unfortunately, it was bleeding red ink for several years,
by the hundreds of millions, through its domestic appliances
subsidiary Xinfei. It finally had to dispose of Xinfei by practically giving
it away. By then, the major damage was done.
They were running out of capital and had to do a rights issue.
It is good that all these problems are over (as far as I can see) and
HL Asia is again on the growth path in the last 2-3 years.
Things are looking good for the future.
Why investors are buying HL Asia shares recently
Net profits for first half 2024 up 60% and anticipated strong second half
NAV $1.28 vs current share price of $0.87
Cash $1,326m ($1.77 per share)
Potential delisting of China Yuchai from NYSE and listed in SGX or HKSE
Potential restructuring of its businesses
Potential growth by acquiring businesses especially in the construction materials sectors
Potential growth in the China EV sector especially in buses and trucks
High growth in Malaysia construction sector and in SG airport new terminal 5, Tuas port, HDB new build etc.
Stay invested
Net profits for first half 2024 up 60% and anticipated strong second half
NAV $1.28 vs current share price of $0.87
Cash $1,326m ($1.77 per share)
Potential delisting of China Yuchai from NYSE and listed in SGX or HKSE
Potential restructuring of its businesses
Potential growth by acquiring businesses especially in the construction materials sectors
Potential growth in the China EV sector especially in buses and trucks
High growth in Malaysia construction sector and in SG airport new terminal 5, Tuas port, HDB new build etc.
Stay invested
Joelton ( Date: 15-Aug-2024 12:39) Posted:
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Hope all our dreams come true.
I also have a dream. $1.00 in October 2024.
Nothing to laugh about, you are close.
I am dreaming close at 90c on Frdiay?
I am dreaming close at 90c on Frdiay?
Don?t laugh at me.
This morning when I woke up and realized that I dream HLA will hit $0.87 today. Looks like not so accurate. lol.
This morning when I woke up and realized that I dream HLA will hit $0.87 today. Looks like not so accurate. lol.
2024 full year net profit is expected to be $90m to $110m. HL Asia share price at $1.00 will give us forecast PE of only 6.8 to 8.3 times.
Purchase HL Asia for a time frame of at least 6 months. Contra players are not encourage to buy.
Have faith and stay invested.
Purchase HL Asia for a time frame of at least 6 months. Contra players are not encourage to buy.
Have faith and stay invested.
Rightstock ( Date: 13-Aug-2024 18:42) Posted:
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Can' t tell, many factors and uncertainties.
Iceycoke ( Date: 04-Sep-2024 15:13) Posted:
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Yap! Agree with you. When do you think it will be?
I think $2 is possible, but on a longer term basis.
Iceycoke ( Date: 04-Sep-2024 14:46) Posted:
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Finally able to access the forum!
Have been holding onto this gem for a period. Greedy me, i looking at $2.
Have been holding onto this gem for a period. Greedy me, i looking at $2.
Closed the gap at 77.5c.
Now poised for the next stage up.
Fingers crossed 90c.
Now poised for the next stage up.
Fingers crossed 90c.
Country is ramping up housing supplies and delivery...this industrial conglomerate is going to benefit from this...Cheong ah...👍
Hong Leong Asia expects to benefit from ramp-up in HDB building activity in H2
The short to medium-term outlook for the company&rsquo s building materials segment remains robust
HONG Leong Asia : H22 +0.71% saw a decline in revenue from its building materials segment in Singapore for the first half of this year. But the industrial conglomerate believes it will benefit from a ramp-up in public housing building activity in the second half.
Revenue for building materials recognised in Singapore declined 4.4 per cent year on year to S$195.3 million for the six months ended June, as the company&rsquo s prefabrication business was affected by &ldquo slow project offtake&rdquo in the industry.
At an earnings briefing on Wednesday (Aug 14), chief executive Stephen Ho said that because of the increase in Housing and Development Board launches in the last two years, external consultants engaged by HDB have not been able to submit the drawings for flats on time.
&ldquo Therefore, the approval process also could not be done on time, so there&rsquo s that knock-on effect all the way down to the contractor level, and for us as a building materials supplier,&rdquo he said.
Ho added that as the issues are being resolved, the company should see more normal levels of prefabrication offtake from the second half of this year.
As demand increases, he is also confident that the company will be able to ramp up production to meet orders.
For instance, he said that the company could extend manufacturing at the company&rsquo s Integrated Construction and Prefabrication Hub in Punggol Barat Lane to 24 hours a day. He did not reveal the site&rsquo s utilisation rate.
Chief investment officer Patrick Yau said that the short to medium-term outlook for the company&rsquo s building materials segment remains robust, as more HDB flats continue to be launched, with the next batch of flats to be launched in October this year.
As for the company&rsquo s powertrain solutions segment, Ho noted that while the industry moved 2.2 per cent more medium and heavy-duty engines, the company was able to grow its overall engine unit sales by 16.3 per cent. Revenue for the segment for the half year grew 9.3 per cent year on year to S$1.9 billion, while profit after tax grew 28.8 per cent to S$61.9 million for the same period.
He added that the company&rsquo s powertrain solutions unit, China Yuchai International, is one of the top five engine manufacturers and is likely a leader in the marine and genset space.
Furthermore, the company announced on Tuesday that MTU Yuchai Power Company, its 50:50 joint venture with Rolls-Royce&rsquo s power systems division, will move into a second phase of cooperation.
Under this phase, MTU Yuchai Power will extend the production and localisation of the MTU Series 4000 for both the power generation as well as oil and gas segments.
Ho estimates that while the company selling a couple of thousands of such generators to data centres and the oil and gas segments would be considered &ldquo high volume&rdquo , the average selling point of such generators will also be high.
He added that the Chinese government&rsquo s 300 billion yuan (S$55.2 billion) stimulus programme should be a net positive for the company&rsquo s powertrain segment, although the impact may be more indirect.
In July this year, China&rsquo s National Development and Reform Commission allocated 300 billion yuan in ultra-long treasury bonds to support a programme of equipment upgrades and consumer goods trade-ins to spur economic recovery.
Ho said that while there may not be an immediate strong uplift in terms of asset renewal, the powertrain industry should benefit from an improvement in business confidence and consumer demand that could come from the stimulus package.
On Tuesday, the company posted a 60.1 per cent year-on-year rise in net profit from continuing operations to S$49.4 million for the first half of FY2024, as revenue climbed 8.5 per cent to S$2.3 billion.
The company also declared an interim dividend of S$0.01 per share, which will be paid out on Sep 10. This is the first time the company has paid out an interim dividend since 2015.
For FY2023, the company paid out a final dividend of S$0.02 per share.
Ho said that while the company does not have a dividend policy, its profitability has trended upwards.
&ldquo If this trend continues into the second half, we should be able to maintain or... increase our dividends,&rdquo he said.
Hong Leong Asia expects to benefit from ramp-up in HDB building activity in H2
The short to medium-term outlook for the company?s building materials segment remains robust
https://www.businesstimes.com.sg/companies-markets/hong-leong-asia-expects-benefit-ramp-hdb-building-activity-h2
The short to medium-term outlook for the company?s building materials segment remains robust
https://www.businesstimes.com.sg/companies-markets/hong-leong-asia-expects-benefit-ramp-hdb-building-activity-h2