Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

Outbound Chinese acquisitions seem to be facing issues at the current moment; HTL International's ("HTL") on-going deal with Yihua Timber Industrial ("Yihua") has caught out attention. Domestic Issues in China:<ul><li>Anbang's sudden withdrawal of their bid for Starwood</li><li>Xiamen Insight Investment's USD 5.5 per ADS cash acquisition of Xueda Education postponed due to "certain domestic issues”</li><li>Baoxin deal has been dragging on due to lack of State Administration of Foreign Exchange ("SAFE") approval</li></ul>Yihua Timber's offer of SGD 1.00 per HTT share represents a huge premium; HTL was trading SGD 0.20-0.30 (early Oct 2015) prior to the offer. HTL closed at SGD 0.765 on 5 April 2016.

Outbound Chinese acquisitions seem to be facing issues at the current moment; HTL International's ("HTL") on-going deal with Yihua Timber Industrial ("Yihua") has caught out attention. Domestic Issues in China:Anbang's sudden withdrawal of their bid for StarwoodXiamen Insight Investment's USD 5.5 per ADS cash acquisition of Xueda Education postponed due to "certain domestic issues”Baoxin deal has been dragging on due to lack of State Administration of Foreign Exchange ("SAFE") approvalYihua Timber's offer of SGD 1.00 per HTT share represents a huge premium; HTL was trading SGD 0.20-0.30 (early Oct 2015) prior to the offer. HTL closed at SGD 0.765 on 5 April 2016. 

HTL International - Don't Get Too Comfortable

Freelance Research Analyst

Tay Hock Meng

Thematic (Sector/Industry)

Developers managed to sell 384 new units, excluding executive condominiums (ECs) in December 2015, compared to 759 units in November 2015, and 230 units in December 2014. Including ECs, developers sold a total of 508 new units in December 2015, compared to 945 new units in November 2015, and 406 new units in December 2014. The December 2015 results brings the total number of new private residential units sold by developers to around 7,460 to 7,490 in 2015, about 2% higher than 2014 (Comprehensive property sales results for 4Q and whole of 2015  is scheduled to be released by the government on January 22, 2016).

Developers managed to sell 384 new units, excluding executive condominiums (ECs) in December 2015, compared to 759 units in November 2015, and 230 units in December 2014. Including ECs, developers sold a total of 508 new units in December 2015, compared to 945 new units in November 2015, and 406 new units in December 2014. The December 2015 results brings the total number of new private residential units sold by developers to around 7,460 to 7,490 in 2015, about 2% higher than 2014 (Comprehensive property sales results for 4Q and whole of 2015  is scheduled to be released by the government on January 22, 2016). 

Singapore

HTL International Holdings Limited is an investment holding company. Through its subsidiaries, the Company manufactures, imports, and exports furniture and sofa. HTL also operates leather tanning, cutting, sewing, designing, and finishing, and wholesales leather, fabrics and other furnishing materials.

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Htl International Hldgs (HWA SP)

HTL International - Don't Get Too Comfortable

Outbound Chinese acquisitions seem to be facing issues at the current moment; HTL International's ("HTL") on-going deal with Yihua Timber...

Crispin Francis

Modest Rise in New Home Sales in 2015

Developers managed to sell 384 new units, excluding executive condominiums (ECs) in December 2015, compared to 759 units in November 2015, and 230...

Tay Hock Meng

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)