Hong Leong Asia

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

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
The Place Holdings is sector winner; BRC Asia and Kimly top earnings growth and ROE respectively - THE EDGE SINGAPORE

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.
UOB Kay Hian adds Lendlease REIT to its alpha picks portfolio, removes Ascendas REIT, SGX, Hong Leong Asia - THE EDGE SINGAPORE

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.
Hong Leong Asia's 20% stake in BRC Asia brings greater collaboration: CGS-CIMB - THE EDGE SINGAPORE

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."
PhillipCapital keeps estimates on BRC Asia unchanged after increase in stake by Hong Leong Asia - THE EDGE SINGAPORE

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.
Hong Leong Asia to pay $68.1 mil to bring stake in BRC Asia to 20% - THE EDGE SINGAPORE

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
Analysts maintain 'buy' on Hong Leong Asia; expect transition to new energy space to drive long-term growth - THE EDGE SINGAPORE

Broker's Calls

Analysts maintain 'buy' on Hong Leong Asia; expect transition to new energy space to drive long-term growth

HLA's subsidiary China Yuchai is developing new energy powertrains and recently signed a partnership to develop EVs.

Broker's Calls

DBS starts Hong Leong Asia at 'buy' on account of its promising growth story

Shares in Hong Leong Asia closed 3 cents higher or 3.1% up at 99.5 cents on June 7, or 0.8 times P/B, according to DBS’s estimates

New appointments

China Yuchai appoints Loo Choon Sen as new CFO

His appointment comes as former CFO Dr Thomas Phung Khong Fock tendered his resignation.
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