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Analyst Boosts Hong Leong Industries Outlook
28 Nov
Summary
- Analyst significantly upgrades statutory estimates for Hong Leong Industries Berhad.
- Revenue forecast for 2026 is now RM3.9b, a 7.0% increase year-over-year.
- Price target increased by 6.8% to RM18.90 per share.
An analyst has significantly upgraded their statutory estimates for Hong Leong Industries Berhad, projecting improved business conditions. The revenue forecast for the current year has been substantially revised upwards, with the analyst now anticipating RM3.9 billion in sales for 2026, a 7.0% improvement over the previous 12 months. Earnings per share are expected to be around RM1.57, which is largely in line with the prior year's figures.
This optimistic revision reflects a stronger sales pipeline, leading to an increased price target of RM18.90 per share, marking a 6.8% rise. While Hong Leong Industries Berhad's revenue growth is expected to slow to an annualized rate of 7.0% by 2026 compared to its historical 9.9% growth, it is still projected to outperform the industry average of 1.5% annual revenue growth.
