Soilbuild Construction Group's Tender Pipeline Looks Strong -- Market Talk

Dow Jones01-16

0711 GMT - Soilbuild Construction Group's tender pipeline looks strong at S$1 billion, according to the company, CGS International analysts say in a research report. This tender pipeline includes those for semiconductor plants, warehouses and Tuas Mega Port in Singapore, the analyst notes. For Tuas Mega Port, management now expects structural completion by 1Q 2027, and first-phase temporary occupation permit to be in April 2027 versus initial target by 3Q 2027. Early completion of this project could lead to upside for the brokerage's gross-profit-margin assumptions for the company. CGS International raises the stock's target price to S$1.20 from S$1.05 to reflect a valuation roll-forward, with an unchanged add rating. Shares are 4.0% higher at S$0.915. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 16, 2026 02:11 ET (07:11 GMT)

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