Hong Leong Asia's Buy Rating Explained | The Investing Iguana π¦
π© In this video, Iggy the Investing Iguana takes a deep dive into Hong Leong Asia (SGX:H22) and explores why this stock might be a hidden gem for investors in 2024. With a recent "Buy" rating from CGS-CIMB Research and a potential upside of nearly 70%, Hong Leong Asia is attracting attention from analysts and investors alike. $Hong Leong Asia(H22.SI)$
Iggy breaks down the company's impressive financial performance, including a 185% increase in net profit for the second half of 2023 and a 19% rise in net profit for the full year. He also examines Hong Leong Asia's dividend potential, with a sustainable payout ratio and room for growth.
But what really sets Hong Leong Asia apart is its cutting-edge prefabrication technology. Iggy takes you on a virtual tour of the company's new prefab hub, the largest in Singapore, and reveals how automation and robotics are revolutionizing the construction industry.
Will Hong Leong Asia's innovative approach to construction translate into big profits for investors? Iggy weighs the pros and cons and shares his insights on why this stock might be a smart addition to your portfolio in 2024.
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