HLIB to be driven by gig economy

PETALING JAYA: Hong Leong Industries Bhd’s (HLIB) sustainable profit growth, driven by the gig economy, strong cash flow and cash pile as well as divestment opportunities make the counter worth considering, says a research house.

The company is a proxy for the gig economy in Malaysia as the Yamaha motorcycles, that perform the last mile delivery, are exclusively made and distributed by the company, according to Kenanga Research.