0158 GMT - Hong Leong Asia is poised to deliver strong earnings growth in 2025-2027, driven by its two main segments, UOB Kay Hian analysts say in a research report. For its building materials segment, the company is likely to benefit from increased construction demand across its key markets of Singapore and Malaysia, the analysts say. Its diesel engine segment is also expected to see strong volume growth across new markets, the analysts say. Its stock looks undervalued given the positive outlook for the Singapore-listed company's businesses, the brokerage says. It raises the target price to S$1.46 from S$1.11 with an unchanged buy rating. Shares are 2.8% higher at S$1.11.(ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 25, 2025 21:59 ET (01:59 GMT)
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