Post Reply
1-20 of 269
I am still holding on to my shares bought at $0.6x, $0.7x ------- $1.1x.
Hope to see $2.00 by end August 2025.
Rightstock ( Date: 05-Aug-2025 13:57) Posted:
HLA first half results will be released on the Tuesday 12 August 2025 after market closed.
China Yuchai results will be out on Friday 8 August 2025 after our market closed.
ahberngh ( Date: 05-Aug-2025 11:55) Posted:
1H result out 14 August.
Will it be a bumper profit?
Last year 1H profit about $50M. |
|
|
|
HLA first half results will be released on the Tuesday 12 August 2025 after market closed.
China Yuchai results will be out on Friday 8 August 2025 after our market closed.
ahberngh ( Date: 05-Aug-2025 11:55) Posted:
1H result out 14 August.
Will it be a bumper profit?
Last year 1H profit about $50M. |
|
1H result out 14 August.
Will it be a bumper profit?
Last year 1H profit about $50M.
Hong Leong Asia $1.13 liao....52 week high....
DBS Target $1.60
UOB KH target $1.46
» Changi Airport' s Terminal 5 is expected to start construction in 1H2025 and be operational in the mid-2030s.
» Tuas Port is being developed in four phases and will be the world&rsquo s largest fully automated port when completed in the 2040s.
» Cross Island Line, Singapore' s longest fully underground MRT line (> 50 km). Construction for Phase 1 & 2 is expected to be completed by 2030 and 2032, respectively. |
&bull The Building and Construction Authority projects total construction demand in 2025 at S$47 - S$53b, a sharp increase from S$44.2b in 2024.
&bull This robust demand will benefit the entire construction supply chain.
One player -- Hong Leong Asia -- was named in a new report by UOB Kay Hian, which raised its target price for the stock from $1.11 to $1.46.
&bull The graphic above depicts the 2 key business segments:
» China Yuchai, a 49%-owned subsidiary, is a leading player in diesel engines for various applications, including trucks and industrial and marine.
» Another core segment is the building materials unit (BMU) which is involved in the following:
- Ready-Mixed Concrete: Produced in Singapore.
- Precast Concrete Elements: Include components for public housing construction, fabricated in factories in Singapore and Senai, Malaysia.
- Aggregates: Supply of aggregates, with stockyards in Singapore and a granite quarry in Johor, Malaysia.
- Cement: Imports and distributes cement in Singapore.
- Prefabricated Components: Manufacture of Prefabricated Prefinished Volumetric Construction (PPVC) modules, Precast Bathroom Units (PBUs), household shelters, refuse chutes, staircases, and large panel slabs.
|
&bull Aside from strong earnings growth, UOB KH is forecasting Hong Leong Asia' s FY25 NAV/Share will reach $1.46, and FY25 net cash/share at $0.95.
&bull Read more below .... |
Excerpts from UOB Kay Hian report
Analysts: Llelleythan Tan Yi Rong & Heidi Mo
Hong Leong Asia (HLA SP)
Attractive Valuations Despite Recent Rise In Share Price Performance
HLA is set to post strong earnings growth for 2025-27, driven by its two main business segments.
With a significant market share across its key markets, the building materials segment faces a robust pipeline of mega infrastructure and HDB projects.
The diesel engine segment also faces strong volume growth across new markets.
In our view, HLA remains undervalued given the positive outlook for its businesses.
Maintain BUY with a higher SOTP-based target price of S$1.46. |
&bull Expect robust earnings growth. Given the strong expected growth for both the BMU segment and China Yuchai, we expect HLA&rsquo s PATMI to grow by 23.0% yoy for 2025 and 11.9% yoy for 2026 respectively.
|
Hong Leong Asia
|
|
Share price:
$1.08
|
Target:
$1.46
|
HLA is also implementing cost efficiency initiatives that would help support and expand margins moving forward.
We forecast 2025-27 PATMI at S$79.4m, S$88.8m and S$102.4m respectively.
EARNINGS REVISION/RISK
&bull Earnings revision: None.
&bull Maintain BUY with a higher SOTP-based target price of S$1.46 (S$1.11 previously), valuing the BMU and diesel engine segments at S$854m (6.4x 2025F EV/EBITDA multiple) and S$769m (6.0x 2025F EV/EBITDA multiple) respectively.
 Llelleythan Tan, analystThe increase in target price is due to a higher market valuation for its stake in BRC Asia along with a higher EV/EBITDA multiple used for the BMU segment (4.0x 2025F EV/EBITDA multiple previously), given the robust outlook for the construction sector.
&bull With HLA&rsquo s current market cap at around S$763m, we still think that HLA remains undervalued, specifically its BMU segment which is currently being neglected by the market, in our view. |
SHARE PRICE CATALYST
&bull Earnings surprise from better-than-expected engine and building materials sales.
&bull Better-than-expected dividend.
Agree.
For HL Asia to make net profit of $90m and above in the next few years is not a problem. To give dividend of 5c or more should also be no problem.
This is the best construction stock to own in SGX!
Vested for the long term
ahberngh ( Date: 26-Mar-2025 09:39) Posted:
Strong take up of 1.10.
1.10 will be history soon. |
|
Strong take up of 1.10.
1.10 will be history soon.
HL Asia charging.
In my opinion, the re-rating is about to start, if it has
not already started.
DBS upped its tp to 1.60.
I will hold for the longer term, 1.50-2.50???
Hong Leong Asia
On Feb 27, Hong Leong Asia executive director and CEO Stephen Ho acquired 110,000 shares at an average price of S$0.929 a share. This doubled his direct interest from 0.014 per cent to 0.029 per cent. The previous 103,500 shares were acquired at an average price of S$0.519 per share in November 2020.
Ho has extensive experience in finance, treasury and risk management from his executive positions previously held at Wilmar and Dutch multinational corporate Royal Philips.
On Feb 20, Hong Leong Asia announced that its subsidiary China Yuchai International had entered a strategic cooperation agreement with Kim Long Motor Hue, a subsidiary of Vietnam&rsquo s Futa Group. The agreement includes technology licences, component supply, and support for constructing an engine factory in Vietnam.
Kim Long Motor Hue will manufacture engines for trucks, buses, and commercial vehicles, with exclusive sales rights in Vietnam and priority rights in other Asean countries and South Korea.
The licences are valid for 15 years, with total licensing fees of US$28 million. Yuchai will provide technical services for equipment installation and commissioning as well as supply all engine assembly parts and service kits.
With CDL saga its share price fell only 4% and HL Asia being implicated by CDL fell 10%.
With the HL Asia CEO buying at 92.5c last week I believe HL Asia has over reacted and has already reached its bottom.
IMO its time for bottom fishing.
Director Ng bought 110,000 shares at 92.8c.
CEO also added at 92.5cts.
ahberngh ( Date: 27-Feb-2025 17:58) Posted:
Today' s volume is one of the highest I have seen, 3147 lots.
Shortists should have helped to dislodge most of the uncommitted
and weak holders.
Added 50K at 92.5c.
Patience.
Just my opinion, please dyodd. |
|
Today' s volume is one of the highest I have seen, 3147 lots.
Shortists should have helped to dislodge most of the uncommitted
and weak holders.
Added 50K at 92.5c.
Patience.
Just my opinion, please dyodd.
I think the good news for HL Asia is that, with all the China-US problems,
China Yuchai do not have much sales to the US so tariffs won' t affect
them much. The only issue is that they may have to delist from
NASDAQ bjut I don' t think that will hurt them, may be better.
Like China Yuchai, I think the management of HL Asia
should start doing sbb.
Net profit is $87.8M, in the ballpark of $90-100M.
Well never mind, collect 3c dividend, and hold for future
price rise, if management deilvers.
So far, I think they are doing fine.
Just my opinion, please dyodd.
Hong Leong Asia H2 net profit rises 12.2% to S$38.2 million
Earnings per share come in at S$0.0511 total dividend of S$0.04 per share declared
HONG Leong Asia reported a net profit of S$38.2 million for its second half ended Dec 31, 12.2 per cent higher than the S$34.1 million recorded in the year-ago period.
Revenue stood at S$1.998 billion for the group, which manufactures and sells powertrain solutions and building materials, down 0.4 per cent from S$2 billion the year before.
Its profitability was boosted by strong performances in its powertrain solutions and building materials units, the group said on Wednesday (Feb 26). This was on the back of higher sales volumes in the marine and power generation business, as well as improved market conditions in Singapore and Malaysia that resulted in greater sales volumes for ready-mixed concrete, Hong Leong added.
Earnings per share for H2 came in at S$0.0511, a 12.2 per cent increase from S$0.0456 in the same period the year before.
For the full year, Hong Leong reported a 35.3 per cent rise in net profit to S$87.8 million, compared with S$64.9 million in the previous financial year.
FY2024 revenue stood at S$4.2 billion, up from S$4.1 billion the year before.
The group declared a total dividend of S$0.04 per share, double the S$0.02 per share in the previous year.
Hong Leong said its building materials unit in Singapore expects its order book in the pre-cast and ready-made concrete segments to continue growing, in light of new public- and private-sector projects.
However, the group also said it &ldquo expects challenges from higher input costs and disruptions in supply chains as geopolitical tensions rise and trade wars escalate&rdquo .
Hong Leong Asia is the trade and industry arm of Hong Leong Group, whose executive chairman is Kwek Leng Beng. He declared that on Tuesday, he had filed a lawsuit against his son Sherman Kwek to address an &ldquo attempted coup&rdquo .
Kwek Leng Beng&rsquo s cousin, Kwek Leng Peck, is the executive chairman of Hong Leong Asia.
Unfortunately the net profit was 10% below expectation. Big players are disappointed.
Walau, under shortists attack.
Those who panic sell will regret.
Just my opinion, please dyodd.
The tone seems to be positive for 2025.
Fingers crossed.
spursfan ( Date: 26-Feb-2025 17:43) Posted:
|
