[%EeRz%]
Research by Kenanga
Outperform – TP of RM11.70

“Partaking in RM40b Spare Parts Market”

HLIND is garnering a slice of action in the lucrative and sizeable spare parts market via its new automotive spare parts brand called Tekhne. HLIND will entirely outsource the manufacturing of Tekhne products, which focus on 2-wheelers to capitalise on the huge Yamaha motorcycle population in Malaysia. We maintain our forecasts, TP of RM11.70 and OUTPERFORM call. 

Analyst(s):
Wan Mustaqim Bin Wan Ab Aziz
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$KLSE-HLIND
Research by Kenanga
Outperform – TP of RM11.70

“Partaking in RM40b Spare Parts Market”

HLIND is garnering a slice of action in the lucrative and sizeable spare parts market via its new automotive spare parts brand called Tekhne. HLIND will entirely outsource the manufacturing of Tekhne products, which focus on 2-wheelers to capitalise on the huge Yamaha motorcycle population in Malaysia. We maintain our forecasts, TP of RM11.70 and OUTPERFORM call. 

Analyst(s):
Wan Mustaqim Bin Wan Ab Aziz
wanmustaqim@kenanga.com.my

$HLIND / 3301 (HONG LEONG INDUSTRIES BERHAD)