Hong Leong Asia - UOB Kay Hian 2025-03-24: Attractive Valuations Despite Recent Rise In Share Price

• Hong Leong Asia 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.
  • - Read this at SGinvestors.io -
• In our view, Hong Leong Asia remains undervalued given the positive outlook for its businesses.

Robust domestic construction demand.

• We continue to see Hong Leong Asia (SGX:H22) benefitting from increased construction demand across its key markets Singapore and Malaysia.
• - Read this at SGinvestors.io -
• Increased HDB projects and upcoming infrastructure projects such as the development of Changi Airport Terminal 5, Tuas Port developments, contracts for phase two of the Cross Island Line and expansions to the Integrated Resorts in Marina Bay Sands are expected to boost demand in the near to medium term.

Strong growth up north.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Previous report by UOB:
2025-02-28 Hong Leong Asia - 2024 Results In Line, Dividend Doubles.

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