- Hong Leong Asia delivered a 4.1% y-o-y increase in revenue to S$4.2bn, with strong performance across its powertrain solutions (+4.2% y-o-y to S$3.5bn) and building materials (+4.9% y-o-y to S$682.3mil) segments.
- - Read this at SGinvestors.io -
Earnings per share increased 35.3% y-o-y.
- Adjusted EPS rose 35.3% y-o-y to 11.74 cents, exceeding market expectations.
- Gross margins improved across both segments, with powertrain solutions benefiting from cost savings, while building materials saw higher demand for ready-mix concrete in Singapore and Malaysia.
Cash flow performance saw mixed trends.
- Operating cash flow before working capital surged 28.8% y-o-y to S$489.6mil, but free cash flow fell 34.6% y-o-y to S$170.9mil, impacted by higher working capital needs and capex (S$118.7mil, +18.2% y-o-y).
- - Read this at SGinvestors.io -
- Hong Leong Asia's dividends per share doubled to 4.0 cents, reflecting confidence in future earnings growth.
Sales volume of powertrain solutions grew 13.7% y-o-y.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Dale LAI DBS Group Research | Derek TAN DBS Group Research | https://www.dbs.com/insightsdirect/ 2025-02-27
Previous report by DBS:
2024-10-11 Hong Leong Asia - Capture China’s Upgrade Momentum.
Price targets by 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
