Hong Leong Asia

Broker's Digest: Samudera, Raffles Medical, Multi-Chem, iX Biopharma, Hong Leong Asia - THE EDGE SINGAPORE

Broker's Calls

Broker's Digest: Samudera, Raffles Medical, Multi-Chem, iX Biopharma, Hong Leong Asia

Samudera Shipping Line
Price target:
UOB Kay Hian "unrated"

Gainer from favourable freight rates

CGS-CIMB initiates coverage on Hong Leong Asia with 'add' call, TP of $1.18 - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB initiates coverage on Hong Leong Asia with 'add' call, TP of $1.18

Positive prospects for Hong Leong Asia’s (HLA) diesel engine and building materials businesses have prompted CGS-CIMB Research analyst Ong Khang Chuen to initiate coverage with an ‘add’ r

Hong Leong Asia appoints Kwek Leng Peck's daughter as head of sustainability and corporate affairs - THE EDGE SINGAPORE

New appointments

Hong Leong Asia appoints Kwek Leng Peck's daughter as head of sustainability and corporate affairs

Hong Leong Asia has appointed Kwek Pei Xuan as the head of sustainability and corporate affairs on Jan 12.

Hong Leong Asia subsidiary disposes China asset for $28.3 mil - THE EDGE SINGAPORE

Property

Hong Leong Asia subsidiary disposes China asset for $28.3 mil

Hong Leong Asia’s subsidiary Airwell Air-Conditioning Technology (China) Co. has divested its asset in Taicang, China, for a total cash consideration of RMB141 million ($28.3 million).

Hong Leong Asia appoints Stephen Ho as new CEO - THE EDGE SINGAPORE

New appointments

Hong Leong Asia appoints Stephen Ho as new CEO

SINGAPORE (July 22): Hong Leong Asia has appointed Stephen Ho as their new Chief Executive Officer (CEO) with effect from August 3, 2020.

Banking & finance

Hong Leong Asia CEO Tan Eng Kwee resigns

SINGAPORE (July 16): Hong Leong Asia's CEO Tan Eng Kwee has resigned from his position as a director and CEO to “pursue other interests” on Thursday.

Global Economy

Markets shrug off exit of UK’s May in June; Hong Leong Asia to privatise cement unit

(June 3): June 7 will mark the end of Theresa May’s tenure as British Prime Minister, after a three-year leadership fraught with bad mistakes, resignations, controversy and widely panned policies.

M&A

Hong Leong Asia to take cement maker Tasek private

KUALA LUMPUR (May 29): Singapore-listed Hong Leong Asia (HLA), which controls about 80.8% of cement maker Tasek Corp via two wholly-owned subsidiaries, wants to take Tasek Corp private in a deal wo

Results

Hong Leong Asia reports 36% drop in 3Q earnings to $2.8 mil

SINGAPORE (Nov 14): Hong Leong Asia reported a 35.7% drop in 3Q18 earnings to $2.8 million from a restated $4.4 million a year ago after the de-consolidation of the group’s consumer products unit X

Results

Hong Leong Asia's FY17 losses narrow to $66.5 mil on higher sales and other income

SINGAPORE (Feb 28): Hong Leong Asia reported FY17 losses of $66.5 million, 6.7% smaller than the net loss of $71.3 million a year ago.

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