HPC

Haw Par: Call for Strategic Review – Simplify the group structure by distributing UOB and UOL Group shares, increase stock liquidity, focus on high-growth, high-return segments, and maximize ROE (SGX: H02)

Mar 24, 2025

SR_opinions

Haw Par, Haw Par Corporation, HPC, SGX, Tiger

Sakura Research is long Haw Par Corporation (SGX: H02). Opinions only. Terms Apply. Poor share performance by Haw Par CorporationOver the past 5 years, the performance of HPC’s share price has been poor, despite a solid, cash-rich balance sheet and highly profitable Healthcare (with ~40% ROA) and Others (with ~20% ROA) segments. We believe that…