Hong Leong Asia Ltd: Yuchai’s Strong Performance the Only Bright Spark

Hong Leong Asia Ltd., is an industrial conglomerate comprising Diesel Engines (Yuchai), Building Materials (Tasek Cement), Consumer Goods (Xinfei), Air-Conditioning (Airwell) and Packaging (Rex). Of these Yuchai S$150 m,  and Tasek S$ 34 m are profitable; while  Xinfei (S$128 m), Airwell (S$11 m) and Rex (S$6 m) are in the red. Interestingly Xinfei, Airwell and [...]