Hong Leong Asia - CGS-CIMB Research 2023-09-11: Well Set For The Future

• We visited the HL-Sunway Prefab Hub on 8 Sep 23. Operated as a joint venture between Hong Leong Asia (SGX:H22) and Sunway Construction Group, the Prefab Hub is the largest integrated construction and prefab hub (ICPH) in Singapore (in terms of production capacity) and commenced operations on 21 Jul 23.
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Highly integrated with automation

• We were impressed by the high level of automation integrated into the ICPH. An example shown to us was the Automated Precast Production System (APPS), designed for efficient production of precast slabs/walls via automated pallet transporters, concrete spreaders, and compacting stations.
• We were also shown the Automated Storage and Retrieval System (mechanised storage/retrieval of precast elements) and Flying Bucket System (rapid distribution of raw materials around the facility).
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Designed with ESG features in mind

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Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.

Previous report by CGS-CIMB:
2023-08-31 Hong Leong Asia - Better Days Ahead.

Price targets by 2 other brokers at Hong Leong Asia Target Prices.

Listing of research reports at Hong Leong Asia Analyst Reports.

Relevant links:
Hong Leong Asia Share Price History,
Hong Leong Asia Announcements,
Hong Leong Asia Dividend Payout Dates & Corporate Actions,
Hong Leong Asia News