Hong Leong Asia Future Growth

Future criteria checks 2/6

Hong Leong Asia is forecast to grow earnings and revenue by 3.8% and 6.4% per annum respectively. EPS is expected to grow by 2.8% per annum. Return on equity is forecast to be 8.4% in 3 years.

Key information

3.8%

Earnings growth rate

2.8%

EPS growth rate

Machinery earnings growth	31.5%
Revenue growth rate	6.4%
Future return on equity	8.4%
Analyst coverage	Low
Last updated	23 Aug 2024

Recent future growth updates

Recent updates

Market Still Lacking Some Conviction On Hong Leong Asia Ltd. (SGX:H22)

Jul 18

Increases to Hong Leong Asia Ltd.'s (SGX:H22) CEO Compensation Might Cool off for now

Apr 18

These 4 Measures Indicate That Hong Leong Asia (SGX:H22) Is Using Debt Reasonably Well

Mar 01

Is Hong Leong Asia (SGX:H22) Struggling?

Jan 19

Hong Leong Asia (SGX:H22) Share Prices Have Dropped 36% In The Last Three Years

Dec 15

Earnings and Revenue Growth Forecasts

SGX:H22 - Analysts future estimates and past financials data (SGD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	5,022	90	200	210	1
12/31/2025	4,824	86	306	316	1
12/31/2024	4,524	80	221	231	1
6/30/2024	4,258	84	229	332	N/A
3/31/2024	4,170	74	245	347	N/A
12/31/2023	4,081	65	262	362	N/A
9/30/2023	3,971	54	73	183	N/A
6/30/2023	3,860	43	-115	4	N/A
3/31/2023	3,870	49	-113	21	N/A
12/31/2022	3,881	55	-112	38	N/A
9/30/2022	4,036	58	-7	158	N/A
6/30/2022	4,190	62	98	278	N/A
3/31/2022	4,562	61	16	204	N/A
12/31/2021	4,933	60	-65	131	N/A
9/30/2021	5,065	62	-41	175	N/A
6/30/2021	5,198	65	-16	220	N/A
3/31/2021	4,847	55	24	263	N/A
12/31/2020	4,496	45	64	306	N/A
9/30/2020	4,568	55	113	353	N/A
6/30/2020	4,177	46	-19	226	N/A
3/31/2020	4,202	44	253	526	N/A
12/31/2019	4,094	46	175	441	N/A
9/30/2019	3,857	31	334	589	N/A
6/30/2019	3,824	30	55	267	N/A
3/31/2019	3,728	25	110	267	N/A
12/31/2018	3,786	25	-52	85	N/A
9/30/2018	3,652	35	2	99	N/A
6/30/2018	3,783	37	173	253	N/A
3/31/2018	3,724	35	N/A	40	N/A
12/31/2017	3,745	37	N/A	214	N/A
9/30/2017	3,818	-3	N/A	38	N/A
6/30/2017	3,760	-21	N/A	131	N/A
3/31/2017	3,816	-42	N/A	317	N/A
12/31/2016	3,725	-71	N/A	457	N/A
9/30/2016	3,672	-98	N/A	607	N/A
6/30/2016	3,759	-101	N/A	454	N/A
3/31/2016	3,946	-82	N/A	532	N/A
12/31/2015	4,083	-61	N/A	397	N/A
9/30/2015	4,295	-11	N/A	141	N/A
6/30/2015	4,404	9	N/A	460	N/A
3/31/2015	4,392	18	N/A	206	N/A
12/31/2014	4,560	27	N/A	89	N/A
9/30/2014	4,682	46	N/A	200	N/A
6/30/2014	4,691	45	N/A	19	N/A
3/31/2014	4,685	44	N/A	30	N/A
12/31/2013	4,515	46	N/A	179	N/A
9/30/2013	4,225	-26	N/A	55	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: H22's forecast earnings growth (3.8% per year) is above the savings rate (2.2%).

Earnings vs Market: H22's earnings (3.8% per year) are forecast to grow slower than the SG market (10% per year).

High Growth Earnings: H22's earnings are forecast to grow, but not significantly.

Revenue vs Market: H22's revenue (6.4% per year) is forecast to grow faster than the SG market (3.7% per year).

High Growth Revenue: H22's revenue (6.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: H22's Return on Equity is forecast to be low in 3 years time (8.4%).

Hong Leong Asia Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 18%

Price target increased by 9.0% to S$1.10

Price target decreased to S$1.01

Consensus forecasts updated

Consensus forecasts updated

Recent updates

Head of Sustainability recently bought S$107k worth of stock

Upcoming dividend of S$0.01 per share

First half 2024 earnings released: EPS: S$0.066 (vs S$0.041 in 1H 2023)

Market Still Lacking Some Conviction On Hong Leong Asia Ltd. (SGX:H22)

Hong Leong Asia Ltd. Approves First and Final One-Tier Tax Exempt Dividend for the Fiscal Year 2023, Payable on 15 May 2024

Increases to Hong Leong Asia Ltd.'s (SGX:H22) CEO Compensation Might Cool off for now

Hong Leong Asia Ltd., Annual General Meeting, Apr 25, 2024

Dividend of S$0.02 announced

Full year 2023 earnings: EPS and revenues miss analyst expectations

New minor risk - Financial data availability

Hong Leong Asia Ltd. to Report Fiscal Year 2023 Results on Feb 28, 2024

Consensus EPS estimates fall by 18%

First half 2023 earnings released: EPS: S$0.041 (vs S$0.057 in 1H 2022)

Hong Leong Asia Ltd. to Report First Half, 2023 Results on Aug 11, 2023

Upcoming dividend of S$0.02 per share at 2.9% yield

Full year 2022 earnings released: EPS: S$0.073 (vs S$0.08 in FY 2021)

Price target increased by 9.0% to S$1.10

Full year 2022 earnings released: EPS: S$7.32 (vs S$0.08 in FY 2021)

When Should You Buy Hong Leong Asia Ltd. (SGX:H22)?

Hong Leong Asia Ltd. to Report Fiscal Year 2022 Results on Feb 24, 2023

First half 2022 earnings released: EPS: S$0.057 (vs S$0.054 in 1H 2021)

Hong Leong Asia Ltd. to Report First Half, 2022 Results on Aug 11, 2022

Hong Leong Asia Ltd. Announces First and Final One-Tier Tax Exempt Dividend for the Fiscal Year 2021, Payable on 17 May 2022

Upcoming dividend of S$0.02 per share

Hong Leong Asia Ltd., Annual General Meeting, Apr 27, 2022

Hong Leong Asia Ltd., Annual General Meeting, Apr 27, 2022

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Hong Leong Asia Ltd. Proposes First and Final One-Tier Tax Exempt Dividend for the Year 2021

Price target decreased to S$1.01

Executive Chairman recently bought S$790k worth of stock

Consensus forecasts updated

Hong Leong Asia's (SGX:H22) Upcoming Dividend Will Be Larger Than Last Year's

Hong Leong Asia Ltd. Proposes First and Final Dividend for the Year Ended December 31, 2021, Payable on 17 May 2022

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Hong Leong Asia Ltd. to Report Fiscal Year 2021 Results on Feb 25, 2022

Hong Leong Asia Ltd. to Report Fiscal Year 2021 Results on Feb 25, 2022

Consensus forecasts updated

Is There Now An Opportunity In Hong Leong Asia Ltd. (SGX:H22)?

Does Hong Leong Asia (SGX:H22) Have A Healthy Balance Sheet?

Return Trends At Hong Leong Asia (SGX:H22) Aren't Appealing

Non-Executive & Lead Independent Director has left the company

Upcoming dividend of S$0.01 per share

Why Hong Leong Asia Ltd. (SGX:H22) Could Be Worth Watching

These 4 Measures Indicate That Hong Leong Asia (SGX:H22) Is Using Debt Reasonably Well

Hong Leong Asia Ltd. to Report Fiscal Year 2020 Results on Feb 25, 2021

New 90-day high: S$0.82

Is Hong Leong Asia (SGX:H22) Struggling?

Hong Leong Asia Ltd. Appoints Kwek Pei Xuan as Head of Sustainability and Corporate Affairs

New 90-day high: S$0.73

Hong Leong Asia (SGX:H22) Share Prices Have Dropped 36% In The Last Three Years

CEO & Executive Director recently bought S$54k worth of stock

New 90-day high: S$0.53

New 90-day low: S$0.46

First half earnings released

HL Cement (Malaysia) Sdn. Bhd. and Hong Leong Asia Ltd. (SGX:H22) completed the acquisition of remaining 11.8% stake in Tasek Corporation Berhad (KLSE:TASEK).

Hong Leong Asia Ltd. to Report First Half, 2020 Results on Aug 13, 2020

New 90-day low - S$0.47

Hong Leong Asia Ltd. Announces Executive Changes

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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