Thursday, January 24, 2019

Hong Leong Asia

Chiong ah! TA wise , looks bullish on the daily chart patterns. Looks like it may likely continue to trend higher to retest 62 cents .

 Crossing over of 62 cents with ease + good volume that may drive the price higher to 70 then 80 with extension to 1.00.

 Not a call to buy or sell. Pls dyodd.

g Leong Asia Ltd., an investment holding company, manufactures and distributes diesel engines and related products, consumer products, building materials, industrial packaging products, and air-conditioning systems in the People’s Republic of China, Singapore, Malaysia, and internationally. The Diesel Engines segment offers light-duty, medium-duty, and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, and marine and agriculture applications; engines for diesel-powered generators; automobile spare parts; and maintenance and retrofitting services. This segment offers diesel, natural gas, and hybrid engines to original equipment manufacturers and retailers. The Consumer Products segment provides refrigerators, freezers, wine chillers, coolers, air-conditioners, and washing machines for residential customers. The Building Materials segment offers cement, pre-cast concrete products, ready-mix concrete, and quarry products for the construction industry. The Industrial Packaging segment provides container components; and rigid plastic packaging products for the industrial and consumer packaging markets, including personal care, household, food and beverage, lubricant, and chemical markets. The Air-conditioning Systems segment offers air-conditioning (AC) systems and lifestyle consumer appliances, including central AC, multi-split, residential heat pump, floor heating, and variable refrigerant flow systems; fan coils; air cooled and water cooled chillers; and air handling units under the brand names of Airwell and Fedders for use in residential, commercial, and industrial applications, as well as in private households. The company is also involved in the hospitality and property development activities. The company was founded in 1941 and is headquartered in Singapore. Hong Leong Asia Ltd. is a subsidiary of Hong Leong Corporation Holdings Pte Ltd.

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