Hong Leong Asia shares fall for second straight day despite strong H2 net profit
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Shares of Hong Leong Asia (HLA) fell for the second consecutive day, dropping 7.9% to S$2.81, following a 10.3% decline the previous day, totaling a 17.4% drop. This decline occurred despite a reported 48.6% increase in net profit for the half-year ended Dec 31, 2025, and a 26.2% rise in revenue. The drop is attributed to concerns over the detainment of CYI's director by Chinese authorities for serious violations. Additionally, HLA's subsidiary has applied to list on the Hong Kong Stock Exchange.
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