The Business Times
business-time-50
SUBSCRIBERS

Hong Leong Asia shareholders may benefit from secondary listing of diesel engine unit

google-preferred-sourceAdd BT as a preferred source
Vivienne Tay

Vivienne Tay

Published Wed, Apr 7, 2021 · 09:50 PM

Singapore

HONG Leong Asia (HLA)'s shares have risen almost 20 per cent this year, and the counter touched a new 52-week intraday high of S$0.92 on Wednesday. But at least one analyst thinks shareholders are still getting a bargain.

CGS-CIMB has initiated coverage on the conglomerate with an "add" call and a target price of S$1.18.

hong leong asiaConstruction

TRENDING NOW

Third-gen owner Edmond Wong is not concerned about “vanity” metrics, and instead aims to “sustain a good business”.

Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage

Singapore Kitchen Equipment was founded by husband-and-wife duo Sally Chua (left) and Alan Lee.

Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now

The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

Be wary of sales pitches that dangle high income but are not explicit on where risks lurk.

Should you sacrifice some CPF Life income in favour of ILPs? Tread carefully

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More