Hong Leong Asia FY2025 annual report published; revenue rises to S$5 billion

Reuters
11 hours ago
<a href="https://laohu8.com/S/HLFAF">Hong Leong</a> Asia FY2025 annual report published; revenue rises to S$5 billion
  • Hong Leong Asia’s annual report said the group’s Powertrain Solutions business saw growth in demand for backup generators used in data centers and semiconductor fabrication plants in China and Southeast Asia.
  • China Yuchai’s marine and genset unit, Guangxi Yuchai Marine and Genset Power, filed for a potential spin-off listing on the Hong Kong Stock Exchange.
  • In Singapore, the Building Materials business reported higher precast deliveries as construction projects ramped up, while ready-mix concrete output was affected by delays in capacity replacements in the first half of the year.
  • Malaysia operations cited cost pressures linked to an expanded sales and service tax and stricter enforcement of zero overloading for commercial vehicles, with Tasek responding through efficiency measures and price increases.
  • The report also said the group advanced automation and AI initiatives, including an autonomous wheel loader and automated truck scheduling, and planned a new high-capacity ready-mix concrete batching plant targeted to start operations in early 2027.


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