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Hong Leong, Hyundai, Thai Airways Face Divergent Outlooks

Wall Street Journal Markets •
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Hong Leong Asia’s earnings are projected to grow 26% annually through 2027, driven by data‑center demand and a recent acquisition of Yong Tai Loong. CGS International lifted its EPS forecasts by up to 11% and raised the target price to S$5.50, sending shares up 2.4%.

Hyundai Motor India anticipates 8‑10% domestic sales growth to FY 2027, powered by two new SUVs. Nomura maintains a buy rating but cuts the target price to 2,407 rupees, citing a 25× FY 2028 EPS multiple. Shares rise 1.8% to 1,885.15 rupees.

Thai Airways’ 2Q outlook looks bleak. UOB Kay Hian warns that rising jet‑fuel costs will squeeze margins, as the carrier cannot fully pass price hikes onto passengers. The brokerage cuts the target price to 6.20 baht, keeping a hold rating.

These moves illustrate how regional growth prospects, product launches, and fuel cost volatility shape valuation swings in the auto and transport sectors.