Hong Leong Asia - DBS Research 2025-08-19: Fuelled By Powertrain Solutions

- Read this at SGinvestors.io -

The y-o-y PATMI growth would have been ~21.2% if we adjust for the one-off gain in 1H24 relating to the disposal of an associate.

The primary driver of this top-line expansion was a remarkable 29.9% increase in volumes within the core powertrain solutions segment. Hong Leong Asia achieved strong double-digit sales growth and increased its domestic market share in the Chinese market.

Interim dividend doubled y-o-y to 2.0 cents on the back of higher profits and stronger net cash position.

• Read more at SGinvestors.io.

Dale LAI DBS Group Research | Derek TAN DBS Group Research | https://www.dbs.com/insightsdirect/ 2025-08-19

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