- Recent site visit underlines exposure to Singapore’s robust construction demand – We recently visited one of Hong Leong Asia (SGX:H22)’s 12 batching plants across six locations in Singapore. These 12 plants have a total annual capacity of approximately 3m m³ of ready-mix concrete (RMC).
- - Read this at SGinvestors.io -
Here comes AI.
- Interestingly, management stated that it has currently implemented an AI pilot project that is expected to reduce manpower requirements due to improvements in scheduling and dispatch to enhance plant utilisation. This is especially key in light of Singapore’s increasingly stringent foreign workforce participation rules over the past few years.
- - Read this at SGinvestors.io -
Upcoming second Jurong Plant.
- With a 25-year lease signed in Aug 25, Hong Leong Asia will start construction of its second Jurong plant in 1Q26 with the completion and issuance of a Temporary Occupation Permit by early-2027.
- The plant will have two 6.0 m³ mixers and is designed for higher efficiency and modern automation and, according to management, will have a payback period of around 8-9 years (implying 11-13% IRR).
BRC Asia’s FY25 results better than expected.
- Read more at SGinvestors.io.
