SGX:H22Machinery
Hong Leong Asia (SGX:H22) Valuation Check As Planned Spin Off Clears Key Regulatory Milestone
Hong Leong Asia (SGX:H22) is in focus after announcing plans to spin off Guangxi Yuchai Marine and Genset Power via a possible Hong Kong listing, a move that could reshape its group structure and valuation.
See our latest analysis for Hong Leong Asia.
The spin off news lands after a sharp shift in sentiment, with Hong Leong Asia showing a 42.92% 1 month share price return and a very large 1 year total shareholder return, suggesting momentum has been building rather than fading recently.
If...