Hong Leong Industry - should soon receive SC approval for its RTO exercise - injecting Hume Cement into sister company Narra, and HLI's eventual stake in Narra (which will be distributed to HLI shareholders) could be worth well over 20% of HLI's market cap.
to target RM2 as its TP is not a greedy dream because valuation of narra should now more focus on the two soon-to-acquire companies that involves in cement and concrete products.
However, must be patient wait. see what happened to infotech. after successfully acquired a new and big company, its share price then soar nearly 50%
tj. still don't quite understand this counter.buy this or HLI better? one HLI share entitle to 1.08 share of NARRA(that is to say share price of NARRA increase whereas HLI price reduce) am i correct?
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princess
17 posts
Posted by princess > 2013-11-12 12:06 | Report Abuse
still can buy?
TP?