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Soilbuild Construction
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Sgvale
Supreme |
18-May-2026 18:44
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Inflation lo. All earlier contracts signed but raw materials now all up. Margin thinner should still profit.
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Sgvale
Supreme |
18-May-2026 15:10
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Selling stop? Up? | ||||
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TraderBen
Supreme |
13-May-2026 11:06
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construction biz' s bottom line will be hit hard by the cost affected by the ME tensions.. alot of small construction companies alrdy closed down becuase of the situation. DYODD
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Sgvale
Supreme |
13-May-2026 10:59
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Going up $1+ soon
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Sgvale
Supreme |
13-May-2026 08:54
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Big Boss holds 80% shares. Must be very confident | ||||
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Joelton
Supreme |
13-Mar-2026 13:40
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DBS on Soilbuild Construction - Price Target 12-mth: SGD1.25 (26% upside) Robust orderbook, clear visibility Investment Thesis: Comprehensive suite of construction services. Soilbuild Construction Group began as a construction company in 1976 and has since evolved to offer a full spectrum of real estate services including construction, civil engineering, design and build, turnkey construction, project management consultancy, procurement, mechanical and electrical installation, as well as precast and prefabrication. The company&rsquo s diverse portfolio spans across industrial buildings, business parks, residential developments, conservation houses, schools, and churches. Over the years, Soilbuild has built a strong reputation for securing major contracts across both the private and public sectors, including HDB, LTA, and PUB. Soilbuild stands to benefit from favourable construction sector tailwinds. Building and Construction Authority (BCA) projects total construction demand of SGD47&ndash 53bn in 2026, supported by major upcoming awards including Changi Airport Terminal 5, the Marina Bay Sands expansion, the new Tengah General and Community Hospital and MRT line extensions. Soilbuild&rsquo s strong track record in the public sector positions it well to capitalise on the growing tender opportunities, especially in high-specification industrial buildings. We value Soilbuild at SGD 1.25/share based on 10.1x FY27F P/E. We remain excited on the group&rsquo s construction as well as prefabricated and precast supply segments, which are expected to continue seeing strong visibility on the back of Singapore&rsquo s infrastructure and building work. The company has a robust order book which stood at SGD1.07bn as of 31 December 2025, providing revenue visibility up till 1Q2029 and implying earnings stability. |
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Stocky901
Supreme |
09-Mar-2026 11:24
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Run up too fast.. now kena dumped down.. 😢 088 good support.. beyond that no buyers.. | ||||
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Stocky901
Supreme |
05-Mar-2026 14:07
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Below 900 soon?.. 😮 DOW futures red again.. dropped 200 points | ||||
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Stocky901
Supreme |
05-Mar-2026 12:30
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So fast selling down again?? Trapping people easily..🤔 | ||||
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Joelton
Supreme |
05-Mar-2026 11:26
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Phillip Securities: Soilbuild Construction Group Ltd - Tailwind from government (Target Price - S$1.40)
- 2H25 revenue/PATMI exceeded our expectations. FY25 revenue/PATMI were at 112%/118% of our FY25 forecasts. 2H25 PATMI surged 84% YoY to a record S$35.3mn, driven by most notably the S$648mn contract for PSA Supply Chain Hub at Tuas Port.
- 2H25 order book stands at S$1.07bn, a 15% decline YoY but still 57% higher than its 7-year historical order book value of S$679mn. We estimate the normalised project value
for new tenders to range from S$200 to 300mn, smaller than the exceptional PSA Supply Chain Hub project awarded in FY24. We expect demand in the private industrial sector to be strong, supported by the government&rsquo s greater emphasis on research and semiconductor. Singapore&rsquo s Research, Innovation and Enterprise (RIE) 2030 plan set aside S$37bn over the next five years for research and innovation in key economic sectors such as semiconductor, a 32% increase from RIE2025&rsquo s S$28bn.
- We maintain BUY with unchanged TP of S$1.40. We roll forward our model and raised our FY26e revenue/PATMI by 26%/23%, due to higher contributions expected as PSA
Supply Chain project progresses. We lowered our valuations multiple to 10.5x (prev. 13x) FY26e PE as Soilbuild&rsquo s peers were re-rated down to 13.6x PE (prev. 19.4x).
- Soilbuild increased its FY25 dividend payout ratio by 13 ppt YoY to 31% (yield: ~3%), supported by a stronger 2H25 balance sheet of net cash S$100mn.
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Joelton
Supreme |
04-Mar-2026 10:09
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Soilbuild Construction - Revenue growth and margin expansion lift profits Soilbuild Construction reported 2H25 revenue which rose 33.6% year on year to S$317.9 million. 2H25 net profit rose 84.1% to S$35.3 million, aided by stronger core profitability and lower finance costs. Strong 2H25 earnings growth on higher revenue. Both construction and precast segments grew more than 30% in 2H25. Balance sheet strengthened further. Order book of S$1.07 billion provides revenue visibility. Higher dividend year-on-year. Maintain BUY with target price of S$1.15 unchanged. https://growbeansprout.com/soilbuild-construction-fy25-profit-dividend |
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treetops
Elite |
27-Feb-2026 10:15
Yells: "Moments Today, Memories Tomorrow!" |
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No worry, it will go up very fast, good to grab somemore at this low price.
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Joelton
Supreme |
27-Feb-2026 10:09
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Soilbuild Construction DeliversRecord Net Profit of S$63.6 Million in FY2025, Revenue Visibility Underpinned by Order Book of Above S$1.0 Billion Proposed Final Dividends of 2.5 Cents per Share
Driven by sustained operational excellence and timely project delivery, the Group&rsquo s two core business divisions &mdash Construction and Precast & Prefabrication &mdash continue to deliver robust revenue growth, increasing by
49.2% and 54.4% year on year.
&bull Corresponding to increased revenue and higher gross profit margin of 15.8%, gross profit doubled to S$93.2 million in FY2025.
&bull Strong positive cash flow from operating activities with S$157.0 million generated during FY2025 highlights the Group&rsquo s disciplined working capital management.
&bull Balance sheet strengthened significantly with total assets of S$408.8 million and cash and cash equivalents of S$153.3 million as at 31 December 2025.
&bull Positive revenue visibility ahead with order book of approximately S$1.07 billion (as of 31 December 2025 and including new orders secured since).
&bull Proposed final dividend of 2.5 cents per share, bringing the total dividend payout to 31.2% of FY2025&rsquo s net profit attributable to shareholders.
&bull FY2025&rsquo s total dividend payout ratio of 31.2% is also significantly higher than FY2024&rsquo s total dividend payout ratio of 18.7%.
Singapore, 26 February 2026 &ndash Soilbuild Construction Group Ltd. (&ldquo SoilbuildConstruction&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ), a leading construction group, is pleased to report a record set of financial results for the full year ended 31 December 2025 (&ldquo FY2025&rdquo ). Commenting on the sterling financial performance, Mr Lim Han Ren, Executive Director and Group Chief Executive Officer of the Company, said: &ldquo FY2025 stands out as a landmark year, with our financial results highlighting nearly five decades of the Group&rsquo s progress and achievements.
This achievement reflects not only robust market conditions but, more importantly, the strong business foundation of our Group and the operational excellence of our team that have been pivotal in translating strategy into performance. Maintaining an order book of over S$1.0 billion highlights the Group&rsquo s growth momentum. We will continue to focus on safety, disciplined cost management, efficiency and innovation to drive long-term value for both shareholders and
stakeholders."
On the increased dividends for FY2025, Mr Lim, said: &ldquo As the Group continues to deliver improved financial results, we are delighted to share such achievements with our shareholders. The FY2025&rsquo s dividend payout ratio of over 30% of net profits reflects our appreciation for our shareholders&rsquo support. Moving forward, we remain committed to delivering sustainable value.&rdquo
Financial Highlights for FY2025
Robust revenue growth in FY2025 was underpinned by sustained growth from the Group&rsquo s two core Singapore-based divisions &mdash Construction and Precast & Prefabrication:
The key contributors of the Group&rsquo s revenue continue to be its two core business divisions, Construction and Precast and Prefabrication, in Singapore.
The Group&rsquo s revenue may vary from time to time due to timing difference in the progress of construction contracts. For FY2025, revenue from the Group&rsquo s Construction division increased 49.2% to S$476.6 million (FY2024: S$319.4 million) with the following key projects being major contributor:
- PSA Supply Chain Hub @Tuas project (building of PSA Supply Chain Hub at Tuas Port)
- Tuas South Avenue main construction project (building of a multiple-user industrial development at Tuas South Avenue)
- Soitec' s main construction project (building of a high-tech manufacturing facility with cleanroom capabilities and a warehouse at Pasir Ris Planning Area)
- Toa Payoh HDB project (construction of a public housing development at Toa Payoh Neighbourhood 1 Contract 27)
- DB Schenker project (building of a sustainable and energy efficient logistic facilities at Greenwich Drive)
- Tampines North main construction project (building of a 10-storey multiple-user industrial development at Tampines North)
- Ubi Transportation Hub Project (building of a 5-storey transportation hub in Ubi)
- Changi North Project (additions and alteration works for an existing multi-storey single-user industrial development at Changi North) and
- Loyang Way Project (building of a single user multi-storey industrial complex at Loyang Way).
In addition, revenue from the Group&rsquo s Precast and Prefabrication increased 54.4% to S$111.7 million in FY2025 (FY2024: S$72.3 million) with higher sales of its products.
With increased revenue and improved gross profit margin in FY2025, gross profit doubled to S$93.2 million (FY2024: S$46.5 million):
Overall, the Group&rsquo s gross profit margin improved to 15.8% in FY2025, as compared to 11.9% in FY2024, due to improved operating efficiency and disciplined cost management.
Net profit surged to a record S$63.6 million in FY2025, 139.4% higher than FY2024&rsquo s net profit of S$26.6 million:
The Group has three major cost components comprising administrative, finance and others. With higher volume of business activities, administrative expenses increased 35.5% to S$16.5 million in FY2025 (FY2024: S$12.2 million), mainly due to an increase in employee compensation with the increased scale of operations. However, the increase in administrative expenses was outpaced by revenue growth, reflecting the Group&rsquo s disciplined cost management.
Finance expenses declined 35.2% to S$2.3 million in FY2025 (FY2024: S$3.5 million), mainly due to lower bank borrowings as part of the Group&rsquo s ongoing deleveraging efforts, as well as a lower interest rate environment during the period under review.
Other expenses increased 13.0% to S$6.5 million in FY2025 (FY2024: S$5.7 million), mainly due to the impairment of property, plant and equipment and higher depreciation expenses in FY2025. Overall, the Group&rsquo s net profit surged 139.4% to a record of S$63.6 million in FY2025 (FY2024: S$26.6 million).
Sustained positive operating cash flow remained a core strength of the Group:
Taking in consideration the improved profitability, depreciation and other adjustments as well as changes in working capital, the Group generated S$157.0 million of net cash from its operating activities during FY2025, which reflects the quality of its financial performance and the resilience of its underlying operations. There was net cash of S$2.7 million used in investing activities during FY2025 (FY2024: S$8.0 million), which was mainly due to the purchase of plant and equipment to support the increase in business activities.
Net cash of S$31.9 million was used in investing activities during FY2025 (FY2024: S$10.9 million), which was mainly due to repayment of bank borrowings and a shareholder loan as well as dividends and interests paid during FY2025.
As at 31 December 2025, the Group&rsquo s cash and cash equivalents increased significantly to S$153.3 million (as at 31 December 2024: S$30.6 million).
Balance sheet continues to strengthen with total assets increasing to S$408.8 million and total equity of S$140.4 million as at 31 December 2025: The Group&rsquo s total assets comprised current assets of S$287.4 million and non-current assets of S$121.4 million. Major components of current assets were cash and cash equivalents of S$153.3 million as well as trade and other receivables of S$124.1 million, while major components of non-current assets comprise mainly property, plant and equipment of S$108.8 million and trade and other receivables of S$12.0 million.
As at 31 December 2025, total liabilities of the Group stood at S$268.3 million, comprising current liabilities of S$211.2 million and non-current liabilities of S$57.2 million. Major components of current liabilities were trade and other payables of S$190.1 million, current income tax liabilities of S$9.8 million and borrowings of S$9.7 million, while major components of non-current liabilities comprise mainly borrowings of S$43.4 million and trade and other payables of S$12.7 million.
Overall, the Group&rsquo s total equity as at 31 December 2025 increased significantly to S$140.4 million. Revenue visibility continue to be supported by the Group&rsquo s order book of more than S$1.0 billion: The Group&rsquo s order book stood at approximately S$1.07 billion (as of 31 December 2025 and including new orders secured since), which includes 4 new construction contracts and 14 new precast supply and delivery contracts, valued at approximately S$0.5 billion in total, which were secured since the last financial year ended 31 December 2024. Moving ahead, revenue will be progressively recognised by the Group according to the progress of these contracts.
With nearly 50 years of track record in the construction industry, the Group adopts a multi-sector approach that provides the flexibility to pivot strategically in line with evolving market trends and emerging opportunities in the public and private sector. In recent years, the Group has secured an increasing number of construction projects of higher-value, high-specification industrial facilities integrating energy-efficient and zero-emission features that support advanced manufacturing operations in Singapore.
Based on advance estimates by the Ministry of Trade and Industry Singapore and its press release on 2 January 2026, the Singapore economy grew by 5.7 per cent on a year-on-year basis in the fourth quarter of 2025, faster than the 4.3 per cent growth in the previous quarter.
The construction sector expanded by 4.2 per cent year-on-year in the fourth quarter, moderating from the 5.1 per cent growth in the preceding quarter. Growth during the quarter was supported by an increase in both public and private sector construction output. On a quarter-on-quarter seasonally-adjusted basis, the sector contracted by 0.4 per cent, a reversal from the 0.7 per cent expansion in the third quarter.
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Stocky901
Supreme |
27-Feb-2026 09:14
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Short on news.. 😮 recently flying too fast 😔 | ||||
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treetops
Elite |
27-Feb-2026 06:45
Yells: "Moments Today, Memories Tomorrow!" |
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Look good!
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spursfan
Supreme |
26-Feb-2026 18:02
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https://links.sgx.com/1.0.0/corporate-announcements/L44FCWWJAUV4FQE8/876271_SBCG%20-%202HFY2025%20Press%20Release%20-%2026%20Feb%202026.pdf |
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treetops
Elite |
20-Feb-2026 12:07
Yells: "Moments Today, Memories Tomorrow!" |
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Seem good deal moving ahead. $1.12 heading towards $2 this year. Last time 80 cents push to near $4 then split shares. Now slowly push up again. |
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Joelton
Supreme |
12-Feb-2026 10:45
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Soilbuild wins new contracts worth $158 mil Order book of approximately S$1.07 billion - Construction contract of a 8-storey multiple-user general industry factory at Seletar West, Singapore (the &ldquo Seletar West Project&rdquo ) that will be built accordingly to specifications to attain BCA&rsquo s Green Mark Platinum Super Low Energy1 and scheduled to be completed by the first quarter of 2029 - Precast and prefabrication contracts for the supply and delivery of precast components to a HDB project, located in Redhill, Singapore, and a dormitory project in Tuas, Singapore which are expected to be completed by the fourth quarter of 2028 - The Group&rsquo s order book of approximately S$1.07 billion (as of 31 December 2025 and including new orders thereafter) continues to provide revenue visibility ahead Singapore, 11 February 2026 &ndash Soilbuild Construction Group Ltd. (&ldquo Soilbuild Construction&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ), a leading construction group, is pleased to announce that the Group has been successfully awarded new contracts with an aggregate contract value of approximately S$158 million. Mr Lim Han Ren, Executive Director and Group Chief Executive Officer of the Company, said: &ldquo We are pleased to start off the new year with new contract wins and strong operational momentum, supported by a resilient order book. As we progress into 2026, we remain focused on executing our ongoing projects efficiently while deepening our customer relationships and expanding our market presence in our targeted market segments, underpinned by our commitment to quality, safety, and timely delivery of our projects.&rdquo |
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WBdisciple
Elite |
11-Feb-2026 21:40
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Soilbuild Construction Starts the New Year with Newly Secured Contracts Totalling S$158 Million Order Book of S$1.07 Billion Continues to Provide Revenue Visibility Ahead: https://www.soilbuildconstruction.com/view& id=1371#gsc.tab=0 | ||||
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Rightstock
Senior |
30-Jan-2026 15:07
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Soilbuild is expected to report record profits for 2025 and we will know it in February. Net profit $50m or $60m?
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