H22.SI

Strong BuyFull HouseAI neutral

Hong Leong Asia Ltd. · Consumer Cyclical · Singapore · $1.7B

SGD 2.61 +0.0% · close 6 Oct · scored 7 Oct

Full House: Strong business, sensible price, market agrees. The rare full house.

82
StockRank
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Quality
57
Value
69
Momentum
51

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P/E (TTM)
13.2x
peers 10.1x
ROE
10.6%
peers 11.7%
D/E
0.3x
peers 0.4x
Dividend %
2.3%
trailing yield
AI CONVICTION THESIS

Hong Leong Asia owns China Yuchai, a Chinese engine maker whose power-generation engines serve data-centre backup demand, plus building materials businesses in Singapore and Malaysia. It has performed strongly and raised its dividend, but it recently placed 50 million new shares at S$2.90, and much of its value sits in cyclical engine and construction businesses.

ABOUT HONG LEONG ASIA LTD.

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Hong Leong Asia Ltd. is a diversified industrial conglomerate based in Singapore with core businesses in building materials, industrial packaging, and consumer products. The company holds strong market positions in ready-mix concrete and cement across Singapore and Malaysia, while also manufacturing and distributing consumer appliances like air conditioners. Its competitive strength lies in diversified revenue streams, established regional brands, and strategic support from the broader Hong Leong Group.

FINANCIAL SUMMARY (SGD)

Year2022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue3.9B4.1B4.2B5.2B10.1%5.6B6.0B6.6B12.9%
EPS (SGD)0.070.090.120.1527.4%0.200.210.2528.0%
Shares748.0M748.0M748.0M748.1M+0.0%798.1M———
Debt915.2M930.5M920.8M805.6M-4.2%807.3M———
Equity902.6M922.0M1.0B1.1B6.5%————
Op CF37.6M362.0M289.6M594.2M150.8%473.2M———
Inv CF-69.4M-72.4M-29.4M-90.6M—————
Fin CF-63.6M-49.4M-155.3M-220.5M—————
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PRICE (1Y) · SGD-10.9%
2.62.72.93.03.225 Aug16 Sep6 Oct
SMA 50SMA 200

Price checkExperimental
SwingsBumpy

Swung more than 59% of stocks we rank over the past year (47% a year).

How this is worked out

What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.

What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.

Calm is not safe: a calm stock can still slide steadily.

Rules fixed before any data was fetched. Describes the chart, not a recommendation.

Close
SGD 2.61
RSI (14)
12.9
52-Week Range-32.0% from high
Low SGD 1.93High SGD 3.84

SCORE BREAKDOWN

Quality
57
ROIC
10.2%56.9
ROE
10.6%59.4
GP/Assets
17.0%34.9
Op. Margin
6.1%48.5
FCF/Assets
6.1%64.1
Piotroski
891.9
Int. Cover
14.4x62.3
D/E Ratio
0.26x64.3
Current Ratio
1.42x44.1
Value
69
P/E (TTM)
13.2x65.2
EV/EBITDA
6.3x75.4
P/FCF
5.4x84.7
P/B
1.6x51.2
P/S
0.4x79.8
Div Yield
2.3%42.0
Momentum
51
52W High %
68%39.4
RS 6M
-24%41.8
SMA 50/200
0.99x54.7
EPS Rev 4W
-0.9%48.6
EPS Rev 12W
+6.6%90.2
EPS Improve
+23%36.9
Q Growth
64%76.4

FUNDAMENTALS

Market Cap
$1.7B
P/E (Forward)
10.6x
Gross Margin
20.1%

SECTOR PEERS

Closest peers in Consumer Cyclical, ranked by industry match, size, and score similarity. Cross-listings of H22.SI are excluded.

TickerCompanyMkt CapStockRankSignal
H22.SIHong Leong Asia Ltd.(you)$1.7B82Strong Buy
CYDChina Yuchai International Limited$1.7B36Hold
AGS.SIThe Hour Glass Limited$1.4B95Strong Buy
WJP.SIVICOM Ltd$504M82Strong Buy
H07.SIStamford Land Corporation Ltd$544M72Buy
1D0.SIKimly Limited$389M78Buy
5UF.SIAspial Lifestyle Limited$556M67Buy
C41.SICortina Holdings Limited$515M99Strong Buy
A30.SIAspial Corporation Limited$268M78Buy
OU8.SICenturion Corporation Limited$972M51Hold

Peer medians: ROE 11.7% · P/E 10.1x · Gross margin 31.2%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

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Hong Leong Asia Ltd. (H22.SI): Stock Score Summary

Hong Leong Asia Ltd. (H22.SI) has a MoatMap StockRank of 82/100 based on Quality (57/100), Value (69/100), and Momentum (51/100) factor scores. The current signal is STRONG BUY. Hong Leong Asia owns China Yuchai, a Chinese engine maker whose power-generation engines serve data-centre backup demand, plus building materials businesses in Singapore and Malaysia. It has performed strongly and raised its dividend, but it recently placed 50 million new shares at S$2.90, and much of its value sits in cyclical engine and construction businesses.

Hong Leong Asia Ltd. is a diversified industrial conglomerate based in Singapore with core businesses in building materials, industrial packaging, and consumer products. The company holds strong market positions in ready-mix concrete and cement across Singapore and Malaysia, while also manufacturing and distributing consumer appliances like air conditioners. Its competitive strength lies in diversified revenue streams, established regional brands, and strategic support from the broader Hong Leong Group.

Key Financial Metrics

PriceSGD 2.61
Market Cap$1.7B
P/E (TTM)13.15
P/E (Forward)10.65
Price/Book1.57
Return on Equity10.6%
Return on Invested Capital10.2%
Debt/Equity0.26x
Gross Margin20.1%
Operating Margin6.1%
Revenue Growth17.6%
Dividend Yield2.3%
Free Cash Flow$321M

Hong Leong Asia Ltd. operates in the Auto Manufacturers industry, part of the Consumer Cyclical sector (Singapore).

Frequently Asked Questions

What is Hong Leong Asia Ltd.’s (H22.SI) StockRank?
MoatMap’s StockRank for Hong Leong Asia Ltd. (H22.SI) is 82/100, with a Strong Buy signal. It is a composite of Quality (57), Value (69), and Momentum (51) factor ranks across MoatMap’s universe of 24,000+ stocks.
Does Hong Leong Asia Ltd. have an economic moat?
Hong Leong Asia Ltd. (H22.SI) has a Quality factor score of 57/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Hong Leong Asia Ltd. a buy, hold, or sell?
MoatMap’s current signal for Hong Leong Asia Ltd. (H22.SI) is Strong Buy, based on a StockRank of 82/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is Hong Leong Asia Ltd. in?
Hong Leong Asia Ltd. (H22.SI) operates in the Consumer Cyclical sector, specifically the Auto Manufacturers industry (Singapore).