0458 GMT - Soilbuild Construction Group is likely entering a multiyear earnings upcycle, supported by a record order book and heightened construction demand, CGS International's Lim Siew Khee says in a research report. Its record order book of S$1.19 billion as of 1H offers two to three years of revenue visibility, anchored by large-scale projects in Singapore, the analyst says. Singapore's construction demand outlook of S$47 billion-S$53 billion each year over 2025 and S$39 billion-S$46 billion each year over 2026-2029 also appears robust. The brokerage expects the building contractor's 2027 revenue to reach S$763 million in this current industry upcycle. It initiates coverage of the stock with an add rating and target price of S$4.21. Shares are 2.25% higher at S$3.63. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
October 08, 2025 00:58 ET (04:58 GMT)
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