Ever Glory United Could Win More Orders by Early 2027 -- Market Talk

Dow Jones04-24 14:30

0630 GMT - Ever Glory United could win more orders by early 2027, CGS International analysts say in a research report. According to the brokerage's channel checks, most ongoing infrastructure tenders in Singapore continue to progress, unaffected by current macroeconomic factors. CGS International sees higher possibility of the company securing key projects given a limited pool of mechanical and electrical engineering contractors like Ever Glory United, which have required scale and track record in Singapore. The brokerage lifts its 2027 order-win expectations for the company to S$650 million from S$400 million. It raises the stock's target price to S$1.13 from S$0.90 with an unchanged add rating. Shares are 2.1% higher at S$0.975. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 24, 2026 02:30 ET (06:30 GMT)

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CGS International sees higher possibility of the company securing key projects given a limited pool of mechanical and electrical engineering contractors like Ever Glory United, which have required scale and track record in Singapore. The brokerage lifts its 2027 order-win expectations for the company to S$650 million from S$400 million. It raises the stock's target price to S$1.13 from S$0.90 with an unchanged add rating. Shares are 2.1% higher at S$0.975. 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According to the brokerage's channel checks, most ongoing infrastructure tenders in Singapore continue to progress, unaffected by current macroeconomic factors. CGS International sees higher possibility of the company securing key projects given a limited pool of mechanical and electrical engineering contractors like Ever Glory United, which have required scale and track record in Singapore. The brokerage lifts its 2027 order-win expectations for the company to S$650 million from S$400 million. It raises the stock's target price to S$1.13 from S$0.90 with an unchanged add rating. Shares are 2.1% higher at S$0.975. 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