| Latest Forum Topics / Reclaims Global Last:0.21 -- |
 Post Reply
|
|
Next construction listco poised for strong upside
|
|||
|
For_The_Next_Leg
Master |
08-Dec-2025 11:32
|
||
|
x 0
x 0 Alert Admin |
This course of action is, in fact, prudent. It offers a dual advantage: simultaneously facilitating wealth preservation while generating a recurring income stream.
https://links.sgx.com/1.0.0/corporate-announcements/3LLI66D7XS22PTU1/16839f94a35a750d4ca43e6bca39a8bd2d3b9862c729c0277cf2ed8423715a6c
|
||
| Useful To Me Not Useful To Me | |||
|
superstartup
Supreme |
05-Dec-2025 12:48
Yells: "Enjoy doing Fundamental Research" |
||
|
x 0
x 0 Alert Admin |
Awarded another government contract. Small contract though. Company been securing government contracts recently. Hopefully one big one coming. |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
Joelton
Supreme |
02-Dec-2025 12:46
|
||
|
x 0
x 0 Alert Admin |
Reclaims Global to Acquire Freehold Commercial Building Near Farrer Park MRT Station for S$38.8 Million
- Located at 291 Serangoon Road, Singapore 218107, the corner freehold commercial building is a 3-minute walk from Farrer Park MRT station and situated near City Square Mall and Farrer Park Hospital.
- The freehold commercial building is 6-storey high with a basement carpark and has a gross floor area of 506.8 square meters.
- The Company plans to redevelop the freehold commercial building to improve building efficiency and increase net lettable area.
- The Company intends to hold this property as an investment and expects to enjoy significant capital appreciation on this property and/or rental income earned from the tenants of the property.
Mr. Tan Kok Huat, Executive Director and Chief Executive Officer, said, &ldquo This freehold commercial property represents a strategic investment for the Group, strengthening our longterm resiliency and unlocking future growth opportunities.
With a prominent 35-metre dual road frontage, the property is situated in a vibrant and well- connected area surrounded by a wide range of amenities and strong footfall drivers, positioning it as a high-visibility property asset with attractive long-term potential.&rdquo
|
||
| Useful To Me Not Useful To Me | |||
|
Joelton
Supreme |
29-Nov-2025 13:03
|
||
|
x 0
x 0 Alert Admin |
SAC Capital initiates coverage on Reclaims Global with &lsquo buy&rsquo call and target price of 49.7 cents
SAC Capital analyst Daniel Ng has initiated a &ldquo buy&rdquo call on integrated construction services provider Reclaims Global with a target price of 49.7 cents.
Reclaims Global Limited (&ldquo Reclaims&rdquo ) is an integrated construction services provider specialising in excavation, construction and demolition (&ldquo C& D&rdquo ) waste recycling, and logistics/equipment leasing. Since 2009, the Group has built an established operating track record supported by a sizeable in-house fleet and an end-to-end model covering demolition, deep excavation, material recovery, and transport.
FY2025 marked a strong recovery, revenue almost doubled to S$44.4 million, with net profit almost tripling to S$5.6 million on higher excavation volumes and improved fleet utilisation.
The S$7.8 million placement in Oct 2025 further strengthened its net cash position of S$18.5 million with no borrowings. With net cash representing about a third of its market cap, Reclaims is well positioned to expand its fleet and participate in larger public sector projects.
Investment Merits.
1) Strong industry tailwinds: BCA projects S$39 to S$46 billion annual construction demand for 2026 to 2029, driven by MRT works, healthcare/education facilities and long-term coastal protection. This underpins sustained demand for excavation and C& D waste services.
2) Integrated operating model: The combination of excavation, recycling and logistics improves fleet utilisation, diversifies revenue and supports margin stability, while aligning with growing industry focus on circular waste management and ESG practices.
3) Strong financial position: The net cash balance sheet of S$18.5 million as of 31 July 2025 further reinforced by the S$7.8 million placement, provides capacity to expand the fleet, fund larger tenders and capture higher value projects.
4) Proven execution track record: Reclaims has a longstanding track record with public agencies and developers, supported by reliable project delivery, regulatory compliance and deep site work expertise.
Recommendation. We initiate coverage on Reclaims with a target price of S$0.497, based on Reclaims forward EPS against the average PER of 10.9x of its peers, representing a 27.5% upside from current levels.
|
||
| Useful To Me Not Useful To Me | |||
|
tedlim
Veteran |
28-Nov-2025 09:37
|
||
|
x 0
x 0 Alert Admin |
This one looks interesting...zero debt, flush with cash, profitable every year..delisting soon? | ||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
Joelton
Supreme |
10-Nov-2025 08:30
|
||
|
x 0
x 0 Alert Admin |
Smart Money Moves In Construction Boom: Why Investors Are Backing RECLAIMS GLOBAL
Singapore' s construction sector is booming and investors are attracted to a wide range of construction-related stocks.
A low-key player, Catalist-listed Reclaims Global, recently attracted S$7.8 million of investor money in a placement of its shares at S$0.39 each, which is ~10x the 12-month trailing earnings.
Notable subscribers included Lion Global Investors, Asdew Acquisitions, ICH Synergrowth Fund, Ginko-AGT Global Growth Fund, and veteran investor Tan Kim Seng.
Their capital injection sets Reclaims up for more growth with its integrated business model spanning excavation services, logistics and leasing, and waste recycling.
ReclaimsGlobal projects
Reclaims Global has completed more than 180 projects, including notable ones such as reinstatement of land surrounding the Marina-Coastal Expressway at Marina South.
Essentially, Reclaims Global helps build and clear construction sites in Singapore:
&bull Dig and level land (excavation) for new buildings, basements, or roads.
&bull Demolish old structures safely, like schools or factories.
&bull Recycle waste from sites&mdash crushing concrete and metal to reuse.
&bull Move materials with trucks and rent out machines when needed.
In short: the company offers an all-in-one integrated service.
Financially, Reclaims presents a solid case.
The company' s 1H FY2026 results (ended July 31, 2025) showed a 14.9% revenue increase to S$21.78 million and a net profit of S$2.5 million, the latter being a 14.5% fall due to costs recognised upfront.
Over the past two years, Reclaims has maintained annual dividends of S$0.012 per share.
It does not have a formal dividend policy, explaining in a reply to SIAS in May 2025: " Availability of sufficient cashflow is critical to strategic bidding of projects and the early stages of executions especially when net cash outflows are expected."
Its dividends, which are likely to continue, combined with a debt-free balance sheet (S$18 million in net cash, as at end 1HFY26, ie does not include the incoming placement money), sets Reclaims apart from leveraged peers.
According to a recent corporate presentation, its margins&mdash gross profit at 44.3% and net profit at 12.5%&mdash outpace industry averages of 16.7% and 3.8%, thanks to disciplined cost control and an integrated model that minimizes inefficiencies.
Has the company faced collection issues with receivables?
Management replied it has not had any major write-offs historically.
Operating at the start of the construction value chain, Reclaims is among the first to be paid by the main contractor.
Use of placement proceeds
So what' s next? S$4.5 million will help Reclaims Global expand into bigger projects.
Singapore' s S$100 billion coastal protection initiative and the enhanced Land Intensification Allowance scheme bode well for its future growth.
(Announced in April 2025, the scheme will cover new multi-storey design for manufacturing and assembly facilities, to further optimise industrial land use).
The remaining S$3.0 million supports working capital and fleet renewal, enabling the company to scale its 150-strong machinery fleet and pursue acquisitions or joint ventures.
Reclaims says it has established relationships with A1 contractors, often securing first-right-of-refusal for earthworks for HDB, Executive Condominiums, and industrial projects.
Its contracts typically stretch over six months and up to a year.
All eyes will be on what the company will do with the placement proceeds and its cashpile to boost the business.
|
||
| Useful To Me Not Useful To Me | |||
|
tedlim
Veteran |
10-Nov-2025 07:04
|
||
|
x 0
x 0 Alert Admin |
Smart Money Moves In Construction Boom: Why Investors Are Backing RECLAIMS GLOBAL: https://www.nextinsight.net/story-archive-mainmenu-60/948-2025/16429-smart-money-moves-in-construction-boom-why-investors-are-backing-reclaims-global Singapore' s construction sector is booming and investors are attracted to a wide range of construction-related stocks. A low-key player, Catalist-listed Reclaims Global, recently attracted S$7.8 million of investor money in a placement of its shares at S$0.39 each, which is ~10x the 12-month trailing earnings. Notable subscribers included Lion Global Investors, Asdew Acquisitions, ICH Synergrowth Fund, Ginko-AGT Global Growth Fund, and veteran investor Tan Kim Seng. Their capital injection sets Reclaims up for more growth with its integrated business model spanning excavation services, logistics and leasing, and waste recycling. |
||
| Useful To Me Not Useful To Me | |||
|
tedlim
Veteran |
06-Nov-2025 08:09
|
||
|
x 0
x 0 Alert Admin |
Reclaims paid dividends of at least 1 cents per share for past 2 years...profitable for every year since IPO | ||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
WBdisciple
Elite |
06-Nov-2025 08:07
|
||
|
x 0
x 0 Alert Admin |
Concur with your opinion...these instit placees prob have a more in depth knowledge of the company and potential....let' s see how the company will perform ahead.
|
||
| Useful To Me Not Useful To Me | |||
|
superstartup
Supreme |
03-Nov-2025 16:29
Yells: "Enjoy doing Fundamental Research" |
||
|
x 0
x 0 Alert Admin |
Upsize placement, 20m shares at 39c. With the placement, OS is 151m. Now wait for placees, Lion Global Investors Limited, Asdew Acquisitions Pte Ltd, ICH Synergrowth Fund, GinkoAGT Global Growth Fund to run up the counter share price. I suppose these placees know the potential of the company, else will not invest in this illiquid counter. |
||
| Useful To Me Not Useful To Me | |||
|
For_The_Next_Leg
Master |
03-Nov-2025 11:04
|
||
|
x 0
x 0 Alert Admin |
Construction will continue to boom for the next 2 years with so many projects on-going. They are Changi Airport terminal 5, Expressways, Expansion of MBS, the MRTs and HDB.
https://www.straitstimes.com/singapore/housing/construction-demand-of-up-to-53-billion-expected-in-2025-bca
|
||
| Useful To Me Not Useful To Me | |||
|
WBdisciple
Elite |
31-Oct-2025 11:54
|
||
|
x 0
x 0 Alert Admin |
From their corp slides: Key growth drivers for our business activities - Singapore&rsquo s Multi-Year, Multi-Billion Construction Demand > > Total construction demand, i.e. the value of construction contracts to be awarded, to range betweenS$47 billion and S$53 billion in nominal terms in 2025. > > Over the medium-term, BCA expects the total construction demand to reach an average of between S$39 billion and S$46 billion annually from 2026 to 2029 - Intensifying Land Use in Singapore > > In April 2025, it was announced that the Land Intensification Allowance (LIA) scheme for the local built environment sector will be expanded to include new multi-storey design for manufacturing and assembly facilities, to further optimise industrial land use. - This will take effect from 1 Jan 2026 until 31 Dec 2030 - Offers tax benefits for qualifying capital expenditures on buildings and infrastructure. - Singapore&rsquo s S$100 Billion Coastal Protection Initiatives > > Excavation is crucial for coastal protection initiatives: 1. Enables the preparation and stabilisation of land 2. Removal of unsuitable materials 3. Creation of strong foundations for seawalls, dikes, and other protective structures |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
WBdisciple
Elite |
31-Oct-2025 08:45
|
||
|
x 0
x 0 Alert Admin |
Reclaims Global Positions for Next Phase of Growth with Successful Placement and Strong Sector Momentum Placement of 20,000,000 Placement Shares at S$0.39 each has been fully taken up, raising gross proceeds of S$7.8 million. Prominent institutional funds and investors that subscribed for the Placement Shares include Lion Global Investors Limited (as investment manager for and on behalf of its clients), Asdew Acquisitions Pte Ltd, ICH Synergrowth Fund, Ginko-AGT Global Growth Fund and Mr Tan Kim Seng, among others. Supported by Singapore&rsquo s robust construction outlook of S$39 billion to S$46 billion annually from 2026 to 2029 and large-scale coastal protection initiatives of S$100 billion , the Group is well-positioned to capitalise on growth opportunities with its integrated and synergistic business model. SAC Capital Private Limited acted as the Placement Agent in relation to the Placement. Maybank Securities Pte. Ltd. acted as the Placement Agent and the Sub-Placement Agent. |
||
| Useful To Me Not Useful To Me | |||
|
Joelton
Supreme |
15-Oct-2025 10:17
|
||
|
x 0
x 0 Alert Admin |
Reclaims Global: Proposed Placement of up to 15,384,700 New Shares at S$0.39 Each
Reclaims Global is an eco-friendly integrated service provider which serves the construction industry in Singapore. The Group specialises in the recycling of construction and demolition (&ldquo C& D&rdquo ) waste, customisation of excavation solutions and operating fleet management.
The Group maintains a sizeable fleet of tipper trucks and other construction and recycling equipment and has a wide network of vendors, such as transport companies, building material suppliers and diesel suppliers. Leveraging on these resources, the Group has over the years built an established reputation and a proven track record for effective execution and timely delivery of services of different nature and scales.
SAC Capital Private Limited is the Placement Agent and has appointed Maybank Securities Pte. Ltd. as sub-placement agent for a proposed placement of up to 15,384,700 new ordinary shares at S$0.39 per share, raising gross proceeds of approximately S$6.0 million.
The placement price represents a discount of about 8.8% to the VWAP of S$0.4277 per share on 9 October 2025, being the last full trading day before the trading halt.
The Company has decided to undertake the Proposed Placement to strengthen its general working capital position and to pursue business expansion initiatives, including tendering for higher value contracts and projects aligned with the Singapore&rsquo s construction macro trends.
This include targeting new business opportunities related to excavation services, demolition services, building construction and/or acquisitions of related business entities.
In view of the foregoing, the Directors are of the opinion that the Proposed Placement is beneficial for the Group.
|
||
| Useful To Me Not Useful To Me | |||
|
WBdisciple
Elite |
17-Sep-2025 12:50
|
||
|
x 0
x 0 Alert Admin |
Reclaims Global has been listed since 2019 and each year has been profitable. > In FY2025, profit reached S$5.5 million and for 1H2026, profit is S$2.5 million. > Past 3 years, dividends of at least S$0.01 per share was issued > Revenue and profit from Excavation services has increased significantly > Mkt cap is now S$57 million, more growth runway ahead? (seems that Singapore' s S$100 BILLION coastal protection initiatives will be a good boost for them) |
||
| Useful To Me Not Useful To Me | |||