Broker Name: KGI
Date of Report: Inferred as July–November 2025 (based on references to “1H25” and “Jul-25” dividends; exact date not stated but inferred from context).
Excerpt from KGI report.
Report Summary
- Hong Leong Asia Ltd. (HLA) is positioned for growth, benefiting from rising construction demand in Singapore, Malaysia, and China, and a recovery in China’s truck market.
- HLA has strong financials with significant net cash and free cash flow, supporting dividends, plant upgrades, and expansion in ASEAN without equity pressure.
- Property and powertrain segments offer upside, with new batching capacity and regional engine production, while the group’s new-energy roadmap (hybrids, e-axles, hydrogen) keeps HLA competitive as truck electrification rises.
- For 1H25, HLA posted strong results: revenue up 25.7% YoY, net profit up 30.9% YoY, and doubled interim dividend, with growth led by powertrain solutions despite some transition in building materials.
Above is an excerpt from a report by KGI. Clients of KGI can be the first to access the full report from the KGI website:
https://www.kgieworld.com
