The shareholder profile of this company may surprise you. The single largest shareholder is the Kwek family, which owns a 49% stake in HL Global. The Kwek family is prominent, with significant interests in listed companies, including City Developments (CDL) (SGX:C09
) , Hong Leong Finance (SGX:S41) , and Hong Leong Asia (SGX:H22) , among others.
Numerous undervalued companies are out of the market’s radar and long forgotten. But surprisingly, this company, in particular, with the backing of established shareholders, has long been overlooked by investors and analysts.
Founded in 1961, HL Global Enterprises (SGX:AVX) (HL Global) is primarily involved in hospitality, property development and investment. Its core business includes managing hotels such as Copthorne Cameron Highlands, as well as property development and investment.
