Hong Leong Asia (SGX:H22) First Half 2024 Results

Key Financial Results

• Revenue: S$2.25b (up 8.5% from 1H 2023).

• Net income: S$49.4m (up 60% from 1H 2023).

• Profit margin: 2.2% (up from 1.5% in 1H 2023). The increase in margin was driven by higher revenue.

• EPS: S$0.066 (up from S$0.041 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hong Leong Asia Earnings Insights

Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Machinery industry in Singapore.

Performance of the Singaporean Machinery industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Hong Leong Asia is showing 1 warning sign in our investment analysis that you should know about...

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