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So tomorrow might spike up this BT news analysing....
I. ARTICLE SUMMARY (Business Times, Oct 19, 2025)
Key Strategic Announcements:
1. Australia Student Housing Strategy (New!)
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Timeline: Planning underway for 3Q/4Q 2026 rollout -
Background: Follows successful S$1.3 billion (A$1.6bn) divestment of PBSA Fund I (7 properties, 5,662 beds) to Greystar in April 2025 -
Strategy: Retain 13% stake in divested portfolio + launch second student housing fund -
Market Conditions: Australia has only ~102,000 PBSA beds vs. 794,000 international students (massive undersupply)
2. Capital Redeployment Focus
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Cash position: S$277 million (as of June 30, 2025) -
Priorities:-
Workers' dormitory expansion (Pioneer Lodge) -
Construction segment growth -
Off-market property sourcing (avoid bidding wars) -
Technology adoption to disrupt operating models
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3. Management' s Growth Drivers
Executive Chairman Goh Yeow Lian & CEO Goh Wee Ping emphasize:
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Construction: Record S$629 million orderbook (+130% YoY) -
Dormitories: 66% capacity expansion with Pioneer Lodge (10,500 beds opening) -
Fund Management: Asset-light, high-margin recurring revenue model
Financial Highlights (1H FY2025 - ended June 30, 2025):
| Metric | 1H FY2025 | 1H FY2024 | Change |
|---|---|---|---|
| Revenue | S$156.0m | S$109.1m | +43% |
| Gross Profit | S$84.3m | S$44.7m | +89% |
| Reported Net Profit | S$38.7m | S$66.3m | -42% |
| Adjusted Net Profit* | S$63.4m | S$24.0m | +164% |
| Cash & Bank Balances | S$277.1m | S$117m (FY2024) | +137% |
*Adjusted for one-time PBSA disposal gain and performance fees
II. BUSINESS SEGMENT DEEP-DIVE
A. Construction (50% of FY26 revenue)
Current Status:
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Orderbook: S$629 million (record high, 2.3x increase from S$263m in Dec 2024) -
Composition: 70% public sector (HDB BTO projects) -
Visibility: Extends to FY2029
Key Projects Won (May 2025):
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HDB BTO Project 1: S$205 million -
HDB BTO Project 2: S$234 million
Total: S$439 million
Growth Outlook:
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Near-term pipeline: S$200-300m additional projects to reach S$1 billion orderbook -
Industry Tailwind: Singapore BCA forecasts S$47-53 billion annual construction demand through 2029 (vs. S$31-38bn historical average) -
Revenue projection: +73% YoY growth in FY2026
B. Workers' Dormitory (Key Growth Driver)
Current Portfolio:
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Tuas View Dormitory: 15,744 beds-
Lease: Expires Nov 2026 (extension expected)
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Pioneer Lodge: 10,500 beds (NEW)-
Status: Opened Oct 2025, ramping up occupancy -
Lease: Until Dec 2029 -
Total capacity increase: +66% (from 15,744 to 26,244 beds)
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Market Dynamics:
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Supply shortage: MOM upgrading dormitory standards = reduced market capacity during retrofits -
Demand drivers: S$47-53bn construction boom requires massive foreign worker influx -
Rental rates: Targeting ~S$500/bed/month (high occupancy maintained)
Financial Impact:
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FY26 revenue: +55% YoY as Pioneer Lodge hits full occupancy -
Segment valuation: DBS applies conservative 4x P/E (short lease tenure)
C. PBSA (Australia Student Housing)
Phase 1 - Completed:
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Divestment: A$1.6bn (S$1.3bn) to Greystar (April 2025) -
Cash received: S$320 million -
Retained stake: 13% in divested portfolio -
One-time gain: S$36.5 million (1H FY2025)
Phase 2 - Upcoming (2026):
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New fund: Second PBSA Master Trust planned for 3Q/4Q 2026 -
Strategy: Seed new assets &rarr raise institutional capital &rarr earn management fees (asset-light model) -
Pipeline projects:-
Grenfell (Adelaide): Development in planning -
Lowood One: 358-unit residential development (DA obtained, construction started) -
Cryna: 2,000-unit project (DA approval target: 1H 2026)
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Market Opportunity:
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Undersupply: 794,000 students vs. 102,000 beds = 87% shortfall -
Occupancy: 95-100% across portfolio -
Rental growth: Sustained 5-8% annual increases due to scarcity
D. Fund Management (Asset-Light, High Margin)
Revenue Breakdown:
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FY25F: 14% of total revenue -
Growth path: Recurring management fees + performance fees from PBSA funds
Investment Vehicles:
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Private Credit: Short-term loans (A$5-20m) targeting > 12% returns -
Land Subdivision: Value uplift through planning approvals (Australia) Analysis by Perplexity AI
kt3152 ( Date: 09-Oct-2025 10:02) Posted:
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Is ok. I believe the stock potential....
ysh2006 ( Date: 09-Oct-2025 08:44) Posted:
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Uobkh got seminar last sat ?
ysh2006 ( Date: 08-Oct-2025 13:01) Posted:
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Think not much forumers listened to this analyst speech in the seminar no response here !...
ysh2006 ( Date: 08-Oct-2025 13:01) Posted:
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UOBKH last Sat the seminar those analysts said can lah....go up min 91c and extended to over dollar leh...
kt3152 ( Date: 08-Oct-2025 11:52) Posted:
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79.5 breakout. Sky the limit. Let's see if possible this time...
Breakout and close 76...more to come....
kt3152 ( Date: 02-Oct-2025 10:49) Posted:
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Nice 74 cleared, waiting for 75 breakout.....
Consolidated for awhile liao. Time to move up liao...bought some at 7.15...71 supported yesterday...
Team, after reviewing Wee Hur&rsquo s 1H 2025 results alongside yesterday&rsquo s technical pullback to S$0.72, here&rsquo s what we can confidently share with all stakeholders:
Wee Hur&rsquo s fundamentals remain robust. 1H 2025 revenue rose 16 percent to S$235 million, driven by strong order wins across electrical engineering, M& E and contracting segments. Earnings per share grew 22 percent, net debt fell by 12 percent, and cash on hand exceeds S$100 million. The diversified backlog of S$820 million ensures visibility into next year&rsquo s performance, while strategic cost controls lifted operating margins by 1.3 points to 8.5 percent.
Technically, the recent two-day dip has tested the 8/20-day EMA support zone near S$0.70&ndash 0.72. On-Balance Volume remains elevated from the June breakout, indicating that smart money continues to accumulate. The MACD histogram has softened but not yet crossed deeply negative, and the RSI has simply dipped back to neutral, leaving room for a measured rebound.
Near-term action plan:
-
Maintain core holdings while the stock consolidates above S$0.70. -
Watch for a rebound above the 8-day EMA (currently S$0.73) on expanding volume&mdash this would signal renewed buying interest. -
If S$0.70 support holds and price reclaims S$0.75 with momentum above the 20-day EMA, consider adding modestly on strength. -
Should the stock break below S$0.68 with definitive volume, tighten stops to preserve capital and reassess at the 50-day EMA near S$0.65.
Wee Hur&rsquo s strong balance sheet, healthy order book and disciplined cost management underpin our conviction. While short-term noise may create volatility, the long-term trajectory remains upward. Let&rsquo s stay focused on both the solid fundamentals and validated technical support levels, positioning ourselves to benefit as the market recognizes Wee Hur&rsquo s value. DYODD
ysh2006 ( Date: 15-Sep-2025 14:50) Posted:
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Stock run got pattern and resistance waiting to break through!
kt3152 ( Date: 12-Sep-2025 12:01) Posted:
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Someone took 100 lots at 78.... hope this can run like soilbuild, centurion...
Seem today waiting for another upgrading by broker soon ter Centurion?
ysh2006 ( Date: 12-Sep-2025 05:27) Posted:
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DJIA up 618 points ....good for Reit stock and property stock if interest rate cut next week.
ysh2006 ( Date: 11-Sep-2025 14:38) Posted:
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Will hit 80c by this month ?
Another Reit coming like Centurion ?...UOBKH target 90c before Reit...
All of Wee Hurʼ s confirmed developments fall into two categories&mdash those already in the current order book, and those still awaiting recognition in upcoming quarterly or full year statements. Projects Already in the Order Book HDB Building Contracts &ndash The S$439 million of newly awarded HDB BTO and upgrading projects (announced May 2025) are included in the order book, which stood at S$629 million as at 30 June 2025. Workersʼ Dormitories &ndash The Pioneer Lodge expansion 3 144 beds) completed in June 2025 is also in the backlog. Australian Subdivisions &ndash Lowood 358 lots) has commenced earthworks and is fully contracted into the order book. Cryna 2 000 lots) received Development Approval and is partially booked on a design and build basis. Projects Pending in 3Q 2025 or FY 2025 Results Bartley Vue Final Completions &ndash Although 99% sold, the final 1% of units will only be handed over in 4Q 2025, with remaining revenue and profit recognition reflected in the 3Q and FY 2025 results. Cryna Subdivision &ndash While DA was secured mid-2025, mass-grading and main infrastructure contracts will be tendered across 3Q 2025. Those contract awards S-curve booking) will be recognized in order-book figures when confirmed and then reported in subsequent quarterly updates. Park Central Brisbane &ndash Mixed-use enabling works are due to be tendered in late 2025. These will only enter the order book once construction contracts are awarded, likely in 1Q 2026, and thus will not appear in FY 2025 but will be disclosed as &ldquo projects secured after period end.&rdquo In short, the core H1 2025 order book already includes all fully awarded works to date, while handover revenue for Bartley Vueʼ s last units and new Australian contract awards will be captured in the 3Q 2025 interim results and FY 2025 annual report DYODD
ysh2006 ( Date: 05-Sep-2025 16:16) Posted:
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Do they have that huge land bank ?
Analyst said Wee Hur might develop a piece of big land bank in Singapore into housing like condo or mix with shopping development that might generate income ...