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Hong Leong Asia Ltd. (SGX: H22): Initiation Research (6 October 2026)
72 Views12 Oct 2026 12:07
SUMMARY
- Hong Leong Asia (HLA) is a Singapore holding company with two key drivers: a 48.70% controlling stake in NYSE-listed China Yuchai International (“CYI”), one of China's main diesel engine makers, and an integrated building materials business in Singapore and Malaysia.
- Trailing twelve-month (TTM) PATMI reached S$148.7m to 30 June 2026, more than double FY2023, as engine volumes, data centre demand and Singapore's construction upcycle lifted both segments.
- About 47% of HLA's market value is covered by its listed stakes in China Yuchai and BRC Asia at market.
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- Hong Leong Asia Ltd. (SGX: H22): Initiation Research (6 October 2026)12 Oct 2026
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