0332 GMT - Hong Leong Asia's earnings are likely on an upswing from higher deliveries across all business segments, DBS Group Research analysts say in a research report. Its ongoing focus on research and development for the powertrain solutions business and expansion of production to serve data centers and semiconductor industries should continue to spur engine sales volume, the analysts say. With a growing order book and increased focus on cost savings, its building materials segment is expected to continue driving earnings as more public and private sector projects are launched in Singapore. DBS raises the stock's target price to S$1.60 from S$1.28 with an unchanged buy rating. Shares are unchanged at S$0.925. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 22:32 ET (03:32 GMT)
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