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.
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