Saturday 8 October 2011

Heng Long International Ltd - SGX

Heng Long International Ltd - SGX

Heng Long International Ltd - SGX. Buy Signal

French luxury brand LVMH has offered to buy Heng Long International at a 7% premium. Heng Long supplies crocodile and other exotic skins to luxury brands such as Hermes and Prada. The price penetrated the SMA 200 in late April 2011.

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