hong leong asia

The counter drops as much as 7.9% to a low of S$2.81 on Thursday

The board has proposed a final dividend of S$0.03 per share

Those dipping their toes in now are no longer buying the boom, but betting that these companies can manage their costs

But the group cautions that the listing is still subject to requisite approvals from the relevant regulatory authorities

Average daily turnover for these stocks hits S$165 million in the year to Nov 4

Wu Qiwei, a former board member of China Yuchai International, is suspected of ‘serious violations of discipline and law’

The company holds a 48.7% stake in China Yuchai International

The brokerage raises its target price for the group to S$2.82 from S$2.63

These can include participating in the city’s government funds, with proceeds disbursed to companies in the high-tech innovation space or with global consumer connections