S$3.42 close 18 Feb 2026: Hong Leong Asia (H22.SI, SES) earnings may reset outlook

Hong Leong Asia (H22.SI) closed at S$3.42 on 18 Feb 2026, rising 2.70% as traders position ahead of the company’s earnings due on 20 Feb 2026. H22.SI stock has outperformed on a 6‑month basis with a +81.91% move, but valuations have moved higher: the company trades at a PE of 26.31 against a five‑year recovery in revenue and mixed margin trends. This earnings spotlights key revenue drivers in diesel engines, building materials and packaging, and signals whether the recent rally has fundamentals to match.