Stock Analysis: Hong Leong Asia | Lianhe Zaobao
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Hong Leong Asia recommends buying, with a target price of HKD 2.82, closing price at HKD 2.39 (-0.42%). Its affiliated company BRC Asia has upgraded its rating to "Buy," with a target price of HKD 4.69, as it is a major beneficiary of construction activities in Singapore. Hong Leong Asia's 48.7%-owned China Yuchai International Company reported a gross margin of 13.3% for the first half of fiscal year 2025, with a net profit growth of 52% year-on-year. The demand for backup power from data centers is rising, and diesel generators remain the primary source of backup power
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