Hong Leong Asia - UOB Kay Hian 2025-09-15: Forged In Steel, Powered By Diesel Dreams

• We recently upgraded Hong Leong Asia's 20% associate BRC Asia to BUY with a target price of S$4.69 as it is a key beneficiary of Singapore's construction activity (see report).
• - Read this at SGinvestors.io -

Dominant player in Singapore steel market and expanding regionally.

• - Read this at SGinvestors.io -
• Additionally, BRC Asia recently acquired a 55% stake in Southern Steel Mesh, which has a 60% market share in Malaysia for welded wire mesh and also supplies reinforcement products to domestic and regional markets. In our view, the acquisition provides BRC Asia with a strategic foothold into Malaysia, diversifies its revenue and enhances its scale in Southeast Asia.

China Yuchai International – outperforming its larger peer in China.

• 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/.

Read also UOB's most recent report:
2025-11-26 Hong Leong Asia - Positioned For Construction Demand And Data Centre Growth.

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