Hi all,
The price of HL Asia since i last introduced has came down to S$1.70.
Last relook at it again.
China Yuchai (CYD) has rose to US$13.50, bringing HL Asia stake in it to worth S$212 million.
Tasek has since rose from RM$9.50 to RM$14, bringing HL Asia stake in it to worth S$499 million.
Total value of CYD and Tasek = S$711 million.
This brings the worth of HL Asia in these 2 comapnies to worth S$1.90 per share.
Trading at S$1.70, you are buying these 2 companies at a 20cts discount or 10.5% discount, and the remaining of the company for Free.
My personal take for HL Asia is Buy with a target at least S$1.90.
The price of HL Asia since i last introduced has came down to S$1.70.
Last relook at it again.
China Yuchai (CYD) has rose to US$13.50, bringing HL Asia stake in it to worth S$212 million.
Tasek has since rose from RM$9.50 to RM$14, bringing HL Asia stake in it to worth S$499 million.
Total value of CYD and Tasek = S$711 million.
This brings the worth of HL Asia in these 2 comapnies to worth S$1.90 per share.
Trading at S$1.70, you are buying these 2 companies at a 20cts discount or 10.5% discount, and the remaining of the company for Free.
My personal take for HL Asia is Buy with a target at least S$1.90.
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