Hong Leong Asia (SGX:H22) Full Year 2023 Results

Key Financial Results

• Revenue: S$4.08b (up 5.2% from FY 2022).

• Net income: S$65.0m (up 19% from FY 2022).

• Profit margin: 1.6% (up from 1.4% in FY 2022). The increase in margin was driven by higher revenue.

• EPS: S$0.087 (up from S$0.073 in FY 2022).

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

Hong Leong Asia Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 3.7%.

Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 2 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

What about risks? Every company has them, and we've spotted 1 warning sign for Hong Leong Asia you should know about.

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