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