0655 GMT - Hong Leong Asia appears well-positioned to navigate the current uncertain environment, say DBS Group Research analysts in a note. While fuel costs have risen more than during previous global crises, the Singapore-based industrial conglomerate said it has been able to pass on the bulk of these increases to their customers, the analysts note. Demand conditions remain robust across both infrastructure and construction markets, they add. The effect of higher fuel costs also weighs less on Hong Leong Asia compared with its peers, the analysts say, noting the company's push to alternative fuels seems to be paying off. Still, prolonged high fuel prices could eventually erode margins, they add. DBS retains its buy rating and S$3.90 target price on the stock. Shares fall 1.4% to S$2.80. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

March 30, 2026 02:55 ET (06:55 GMT)

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