Hwa Hong Corporation Limited
SIN:H19 ISIN:SG1H85877246
Hwa Hong Corporation Limited (SIN:H19) is a Hong Kong-based investment holding company. The subsidiaries of the Company are primarily engaged in property rental, investment and development, general insurance and trading of chemicals. The segments of the Company are rental and investment, which includes rental of residential, commercial properties and warehouse, as well as investment Holding; insurance, which is engaged in general insurance as well as investment holding, and trading and investment engaged in the trading of chemicals and packing and trading of edible oil as well as investment holding. The subsidiaries of the Company are Singapore Warehouse Company (Private) Ltd., Phratra Sdn. Bhd., Hwa Hong Capital (Pte) Limited, Tenet Insurance Company Ltd.
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A cautious start is expected in Asian markets Tuesday while Wall Street took a breather after recent gains and closed slightly lower overnight. Asian stocks rallied on Monday, led by resources sector which was helped by higher commodities prices. Australian market posted a seventh consecutive day of gains yesterday. Japan's Nikkei 225 surged 2.1 per cent, Hong Kong's Hang Seng Index advanced nearly 2 per cent, South Korea's Kospi was up 1.56 per cent and China's Shanghai Composite gained 0.7 per cent.
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