The three companies that won in this industry sector are a rather diversified bunch. The Place Holdings came out tops for the returns to shareholders category as well as the overall sector winner. Led by CEO Fan Xianyong, the company operates via three business “pillars”: property development an...

BRC Asia has so far evaded the turmoil in the construction sector: The seller of steel products is even reporting strong revenue and earnings growth, and has attracted the attention of conglomerate Hong Leong Asia.

BRC Asia has so far evaded the turmoil in the construction sector: The seller of steel products is even reporting strong revenue and earnings growth and has attracted the attention of conglomerate Hong Leong Asia.

UOB Kay Hian has added Lendlease Global Commercial REIT (LREIT) to its alpha picks portfolio on Sept 3 after the portfolio “handily beat” the performance of the Straits Times Index (STI) in the month of August. During the month, UOB Kay Hian’s alpha picks portfolio rose 0.9% m-o-m on an equal-...

Hong Leong Asia has room for “synergistic collaboration” with its newly acquired 20% stake in BRC Asia, says CGS-CIMB Research analyst Ong Khang Chuen. Following combination of new share placement and married deals, Hong Leong Asia will have a 20% stake in BRC Asia, up from 3.6% previously, beco...

THE following companies saw new developments that may affect trading of their securities on Monday:

HONG Leong Asia (HLA) - the trade and industry arm of the Hong Leong group - is forking out some S$68.1 million to increase its stake in mainboard-listed steel-reinforcement solutions provider BRC Asia to 20 per cent through two transactions.

HONG Leong Asia (HLA) - the trade and industry arm of the Hong Leong group - is forking out some S$68.1 million to increase its stake in Mainboard-listed steel-reinforcement solutions provider BRC Asia to 20 per cent through two transactions.

Hong Leong Asia, which has interests in building materials, plans to invest $68.1 million to bring its total interest in BRC Asia to 20%. HLA’s concrete and BRC’s steel will have synergy in so-called Prefabricated Prefinished Volumetric Construction (PPVC) building technology. “There will also...

Analysts from UOB Kay Hian and DBS Group Research have maintained their ‘buy’ calls on Hong Leong Asia (HLA) following its half year ending June results announcement on August 12. UOB Kay Hian analyst John Cheong has kept his target price for HLA unchanged at $1.38 after the company’s 1HFY2021...