Latest Forum Topics /
Soilbuild Constr
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Consolidated 10 to 1
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Kilatkilat
Senior |
27-Mar-2025 21:33
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Good chance to expand its business to Vietnam https://www.straitstimes.com/singapore/singapore-vietnam-break-ground-on-joint-industrial-park-ink-five-pacts-to-deepen-cooperation
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Kilatkilat
Senior |
21-Mar-2025 15:08
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wa lau. still no interest? Where got such good and cheap construction stock? YOu want to wait until ti announces big contracts wins?
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Kilatkilat
Senior |
21-Mar-2025 09:35
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One and the only one lagging behind its peers. No reason to stay at this low valuation
Dydd.
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Kilatkilat
Senior |
20-Mar-2025 11:09
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This is the only construction stocks lagging behind its peers despite huge order book. Dydd..
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Kilatkilat
Senior |
20-Mar-2025 09:44
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Correction. Positive and mega ones.
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Kilatkilat
Senior |
20-Mar-2025 09:42
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It has been 2 months since the last announcem of new contracts. I guess new contracts awards soon? Hopefully they are negative ones.
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Joelton
Supreme |
17-Mar-2025 11:45
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Soilbuild Construction makes a comeback
https://www.invest-alpha.sg/view& id=1206
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Joelton
Supreme |
17-Mar-2025 11:44
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Soilbuild Construction makes a comeback
The company&rsquo s revenue has risen 58% to S$391.8 million and earnings have more than trebled to S$26.6 million in FY2024
[SINGAPORE] The pandemic years of 2020 to 2022 were challenging years for Soilbuild Construction. Revenue and profits slumped as construction activity &ndash and the world &ndash came to a halt.
It was during those dark days when group chief executive officer Lim Han Ren joined the company. &ldquo I would say it was like a baptism of fire,&rdquo he quipped. He was not an engineer by training, and the learning curve was steep.
But what Lim had was a fresh pair of eyes. His experience in private equity helped him identify new opportunities, as well as ways to strengthen Soilbuild&rsquo s brand and differentiate itself from competitors.
More specifically, he said, that meant honing in on digitalisation and sustainability to streamline work processes and win more contracts.
For example, he worked with his team to use building information modelling software to create detailed 3D video renderings of projects they were bidding for. These fly-through videos show not only an aerial view of the potential development, but also a close-up view of its interior and surroundings.
&ldquo This allowed us to work with (clients) more intimately and engage with them better, which possibly helped us secure some of our tenders in the past few years,&rdquo said Lim. The 3D models also helped clients with spatial planning since the exact dimensions of equipment can be included, improving time and cost savings.
Becoming environmentally friendly
On the sustainability front, Lim noted that builders&rsquo environmental friendliness was becoming increasingly important when bidding for construction projects.
He cited Soilbuild&rsquo s recent project with German logistics company DB Schenker as an example. When bidding for the tender to build a sustainable and energy efficient logistics facility, Lim said, Soilbuild itself had to commit and meet certain conditions such as reducing its construction energy and water consumption.
Additionally, the government is now taking environmental-sustainability criteria into consideration when assessing bids for large construction and information and communications technology projects, with up to 5 per cent of evaluation points allocated to such considerations.
Lim said Soilbuild has been an early adopter of such initiatives since 2008, but the group is now doubling down on it as the industry moves to green its supply chain.
This includes substituting diesel generators with battery energy storage systems where possible, reducing carbon footprint by around 50 per cent outfitting offices with solar panels to generate clean energy recycling construction waste, for instance by turning scrap rebar into storage racks and using rainwater to wash equipment.
&ldquo A lot of multinational companies (MNCs) are more advanced in their sustainability goals,&rdquo Lim added. &ldquo This allows us to capitalise on it, potentially putting us ahead of our competitors when we tender for some of these MNC jobs.&rdquo
Revenue and profit bounces back
This approach proved successful with revenue and profit soon bouncing back.
In the latest FY2024, revenue rose 58 per cent year on year to S$391.8 million. It was also more than double FY2020&rsquo s S$148.9 million.
Earnings more than trebled to S$26.6 million &ndash a significant reversal from the group&rsquo s three straight years of losses between FY2020 and FY2022.
The group also hit a key business milestone last year by securing a S$647.5 million contract for the construction of PSA Supply Chain Hub @ Tuas &ndash its largest ever contract, bringing its order book beyond the S$1.2 billion mark for the first time. Shares surged to a five-year high the morning after the announcement.
These &ldquo strong&rdquo results and Soilbuild&rsquo s improved liquidity reflect the &ldquo tangible results of our team&rsquo s collective efforts in strategy, execution and capital management&rdquo , Lim said.
The future continues to look promising for Soilbuild, buoyed by strong growth in the construction sector.
Some S$47 billion to S$53 billion in construction contracts are expected to be awarded this year, according to the Building and Construction Authority (BCA). This is higher than the estimated S$44.2 billion in contracts in 2024, and is up to 11.7 per cent higher than pre-pandemic levels in 2019.
BCA attributed the anticipated increase to the launch of more public infrastructure projects, as well as public and private housing developments. For instance, the government said it will launch about 130,000 HDB flats between 2021 and 2027 to meet demand-supply imbalances, increasing public housing by 11 per cent.
Singapore is also working to establish itself as a regional hub for advanced manufacturing.
This will naturally attract more MNCs which require high-spec industrial spaces &ndash a niche that Soilbuild has carved in the construction space, said Lim. &ldquo We are well-positioned to capitalise on these opportunities.&rdquo
There are, of course, challenges on the horizon.
&ldquo Geopolitical tensions could potentially disrupt supply chains&hellip and labour continues to be a problem,&rdquo said the chief executive.
He added that workplace safety is an issue in the industry. For example, the second half of 2024 saw 15 fatalities, up from just five in the first half of the year.
&ldquo That&rsquo s something that could potentially derail our industry, so we will definitely pay quite close attention to it,&rdquo said Lim. &ldquo But having gone through Covid, we are much better equipped, organisation-wise and business-wise, to deal with these issues as and when they come up.&rdquo
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Kilatkilat
Senior |
04-Mar-2025 09:54
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Possible coverage report today?
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Rightstock
Senior |
03-Mar-2025 16:16
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It will be interesting to see whether the sell queue will all be eaten up to 90c inthe last 15 minutes.
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Rightstock
Senior |
03-Mar-2025 14:38
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Not today. Investors haven' t collect enough. Maybe end of this week or next. It' s time for us to collect more.
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Kilatkilat
Senior |
03-Mar-2025 11:13
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Analyst coverage soon?
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Stocky901
Supreme |
03-Mar-2025 11:04
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Strong hands buying.. 💪 💪 90c key resistance 👍 | ||||
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For_The_Next_Leg
Veteran |
03-Mar-2025 10:35
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Amazing results for the company! Amazing turnaround!
https://links.sgx.com/1.0.0/corporate-announcements/1YLY9R988DPG2Y1D/fd4673ebd48fb0a2c9723faf15c9bf55bb363fec2db504ed3ec59732ada0fc76
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Kilatkilat
Senior |
03-Mar-2025 09:37
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Can break $1 today?
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Kilatkilat
Senior |
03-Mar-2025 09:18
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Target price upgrade soon!
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spursfan
Elite |
02-Mar-2025 12:49
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https://links.sgx.com/1.0.0/corporate-announcements/1YLY9R988DPG2Y1D/835110_SBCG%20-%202HFY2024%20-%20Results%20Briefing%20Presentation.pdf | ||||
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Battle123
Elite |
02-Mar-2025 12:15
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Previously wif high volume chiong 100 Now where is the limit |
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Joelton
Supreme |
01-Mar-2025 15:24
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Soilbuild Posts Strong Growth in FY2024 with Net Profit Surging 263.3% to S$26.6 Million Proposes Special Dividend of 1 cent per Share in Addition to a Final Dividend of 1 cent per Share
· Revenue increased 58.4% with the Group&rsquo s two core business divisions of Construction and Precast and Prefabrication delivering revenue growth of 53.1% and 87.1% respectively year-on-year
· Corresponding to increased revenue and higher gross profit margin, gross profit increased 110.3% to S$46.5 million
· Substantial cash flow from operating activities with S$35.9 million generated during FY2024
· Strengthened balance sheet with total assets and cash and cash equivalents increasing to S$333.0 million and S$30.6 million respectively as at 31 December 2024
· Order book of approximately S$1.26 billion in pipeline projects, enhances revenue visibility ahead
· Special dividend of 1 cent per share has been proposed as one-off incentive to reward shareholders
· Together with the proposed final dividend of 1 cent per share and 1HY2024&rsquo s interim dividend of 1 cent per share1, bringing total dividends to 3 cents per share in FY2024
Commenting on the FY2024 results, Mr Lim Han Ren, Executive Director and Group Chief Executive Officer of the Company, said: &ldquo We are pleased to conclude
the year with a strong set of results and improved liquidity, reflecting the tangible results of our team&rsquo s collective efforts in strategy, execution, and capital management.
We also reached a key business milestone by securing the largest construction project in our history &mdash a S$647.5 million contract for PSA Supply Chain Hub @ Tuas, boosting our order book to more than S$1 billion. Our strong pipeline of projects enhances our revenue visibility ahead.
With our multi-category presence in the construction industry and track record as agreen builder, we will continue to focus on unlocking the benefits of our scale to further enhance our cost efficiencies and strengthen our order book.&rdquo
Mr Lim, added: &ldquo In light of the Group&rsquo s strong set of results in FY2024 and demonstrating our commitment to reward shareholders, we have proposed a final
dividend of 1 cent per share and a special dividend of 1 cent per share to be issued to shareholders, bringing the total dividends for FY2024 to 3 cents per share.
Notably, the special dividend gives us an one-off opportunity to share our successes in FY2024 in a meaningful way with our shareholders.&rdquo
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antifragile
Senior |
28-Feb-2025 18:20
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 -> $2 |
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