Home Capital Broker's Calls

HLH started at 'buy' on higher sales recognition of Cambodian development

PC Lee
PC Lee6/29/2018 12:31 PM GMT+08  • 2 min read
HLH started at 'buy' on higher sales recognition of Cambodian development
SINGAPORE (June 29): SAC Capital has started Hong Lai Huat Group at “buy” given expectations of a strong recovery in 2018 and 2019 as it recognises higher sales from D’Seaview.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (June 29): SAC Capital has started Hong Lai Huat Group at “buy” given expectations of a strong recovery in 2018 and 2019 as it recognises higher sales from D’Seaview.

The stock -- more popularly known as HLH Group -- is also trading at 0.9 times FY19 earnings and 0.28 times FY17 book versus average of 0.9 times.

“We value HLH at 51 cents per share after applying a 40% discount to its RNAV. This translates to an implied FY18 P/BV of 0.8 times,” says analyst Eing Kar Mei in a Friday report.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now