The group also receives dividend income from its portfolio of UOB and UOL shares.
CGS International (CGSI) analyst William Tng highlights Haw Par Corp’s steady growth and strong net cash position in his July 10 unrated report.
Haw Par is an established Singapore multinational group, listed on the SIngapore Exchange since 1969. It comprises three operating businesses — a healthcare business that owns the Tiger Balm brand with a wide range of products sold in more than 100 countries; a leisure segment consisting of Underwater World Pattaya; and a property segment.
