Ever Glory United Set to Benefit From Acquisition of Guthrie Engineering -- Market Talk

Dow Jones11-19

0338 GMT - Ever Glory United Holdings stands to benefit from its acquisition of Guthrie Engineering, CGS International analysts say in a research report as they initiate coverage of the stock with an add rating and a target price of S$0.87. Guthrie Engineering, which has an established track record and an unlimited public-sector tender limit, allows the mechanical and electrical engineering contractor to bid for larger, high-profile public projects. The brokerage estimates new order wins of S$370 million for 2025, S$650 million for 2026 and S$400 million for 2027, and an order book of around S$1 billion by 2026 for the Singapore-listed company. Shares are 0.7% lower at SS0.71. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

November 18, 2025 22:38 ET (03:38 GMT)

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