Pan-United Corp. Set to Gain from Singapore's Construction Projects -- Market Talk

Dow Jones09-12

0440 GMT - Pan-United Corp. looks set to gain from Singapore's construction projects, RHB Singapore research analyst Alfie Yeo writes in a report. The ready-mix concrete producer has about 40% of market share and high exposure to construction activities in Singapore, Yeo says. He notes that the Building and Construction Authority has forecast Singapore's construction demand between S$32billion and S$38 billion for 2024 and between S$31 billion and S$38 billion annually from 2025 to 2028. Demand is being led by the public sector, and includes public housing and infrastructure projects, he adds. Shares are little changed S$0.52.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

September 12, 2024 00:40 ET (04:40 GMT)

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