12-01-2017, 12:33 PM
Apparently just its 39% stake in ChinaYuchai, is already worth almost 120% of HLAsia entire MktCap based on its sub70c price two days ago.
at us$14, and us$1=S$1.43 forex
a 39% stake is worth some s$317.8m (40.7m shrs * us$14 * 1.43 * 39% = 317.77)
At curr 93c, HLAsia entire MktCap now rose to S$347M
at sub70c price over last two mths, HLAsia.s MktCap is only around S$260m
so rest of its biz are almost free....
found this story below
http://seekingalpha.com/insight/global-i...ke-slumber
at us$14, and us$1=S$1.43 forex
a 39% stake is worth some s$317.8m (40.7m shrs * us$14 * 1.43 * 39% = 317.77)
At curr 93c, HLAsia entire MktCap now rose to S$347M
at sub70c price over last two mths, HLAsia.s MktCap is only around S$260m
so rest of its biz are almost free....
found this story below
http://seekingalpha.com/insight/global-i...ke-slumber