Welcome!
Hong Leong Asia
Broker's Calls
CGS-CIMB keeps 'add' rating for China Yuchai with reduced TP of US$13.60
The lower TP comes off the back of China Yuchai’s below expectation 1HFY2022 net profit of RMB94 million, 63% lower y-o-y.
August 24, 2022
Broker's Calls
CGS-CIMB ups Hong Leong Asia's TP on 141% surge in building materials segment
Shares in Hong Leong Asia are trading at 73.5 cents, down 13.5% year-to-date.
August 24, 2022
Results
Hong Leong Asia sees 1HFY2022 earnings increase by 4.5% y-o-y to $42.6 mil
Looking ahead, the group is “cautiously optimistic” that its main business units will continue to remain resilient in the 2HFY2022
August 11, 2022
Broker's Calls
Hong Leong Asia ‘revving up for a stronger ride in 2022’: CGS-CIMB
CGS-CIMB Research has maintained his “add” rating on Hong Leong Asia upon results for the 2HFY2021 and FY2021
March 09, 2022
Results
BRC Asia FY2021 earnings up 131% to $45 mil, declares final and special dividend of 8 cents
The company will be paying a total dividend of 12 cents per share for FY2021
November 29, 2021
Billion Dollar Club 2021
The Place Holdings is sector winner; BRC Asia and Kimly top earnings growth and ROE respectively
The three companies that won in the cyclical consumer services sector are a rather diversified bunch.
September 10, 2021
Broker's Calls
UOB Kay Hian adds Lendlease REIT to its alpha picks portfolio, removes Ascendas REIT, SGX, Hong Leong Asia
The team has identified two re-rating catalysts to LREIT and has kept “buy” on LREIT with an unchanged target price of $1.01.
September 04, 2021
Broker's Calls
Hong Leong Asia's 20% stake in BRC Asia brings greater collaboration: CGS-CIMB
"We are positive on this deal as we see synergistic collaboration between both parties."
August 31, 2021
Broker's Calls
PhillipCapital keeps estimates on BRC Asia unchanged after increase in stake by Hong Leong Asia
PhillipCapital's estimates were unchanged as the proposed transaction is still pending regulatory and shareholder approval.
August 31, 2021
Deals, joint ventures & alliances
Hong Leong Asia to pay $68.1 mil to bring stake in BRC Asia to 20%
HLA will subscribe for a placement at $1.48 each and also buy shares from existing BRC shareholders
August 28, 2021