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Good company got a huge contract
tofudidi ( Date: 14-Jun-2024 09:57) Posted:
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&ldquo We are delighted to have been awarded the project in Tuas Port, which is one of the most prominent industrial projects in Singapore awarded to date this year. It is also the largest construction project won by the Group in its history, with a contract value exceeding $600 million. This also marks an important landmark for the Group, as the Group&rsquo s order books is being propelled beyond the $1.2 billion mark for the first time,&rdquo shared Mr. Lim Han Ren, Executive Director of Soilbuild Construction Group Ltd.
this is the reason why its being played i guess... 72 will soon turned support for the next level push.. dyodd
this is the reason why its being played i guess... 72 will soon turned support for the next level push.. dyodd
this can easily kill shortist if not careful... hehehe....
In other words, this is clearly pump and dump. So watch carefully
maintain above 70. can see it cross 80, perhaps 100! small float counter.. easily pushed by bb. dyodd
1B + order book.... milestone achieved...
Can earn easy money on this just buy?
company is doing well and giving out dividends... excellent order book. should break above 60. dyodd
Likely today up because of this. Usually daily few lots or 0 transaction done.
Soilbuild bags $647.5 million construction contract in Tuas Port
https://links.sgx.com/1.0.0/corporate-announcements/MV7POC0LLOATWG8R/806549_SBCG%20-%20Award%20of%20New%20Contracts%2013Jun2024.pdf
Soilbuild bags $647.5 million construction contract in Tuas Port
https://links.sgx.com/1.0.0/corporate-announcements/MV7POC0LLOATWG8R/806549_SBCG%20-%20Award%20of%20New%20Contracts%2013Jun2024.pdf
Decent company, market cap 49mil, if sell down to 31 I will scoop, this year gave out dividend, low risk to buy at below 40, my thoughts, DYODD,
machidrain ( Date: 13-Jun-2024 16:39) Posted:
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Any one looking at this?
Soilbuild bags contracts worth S$81 million
Group&rsquo s order book now stands at S$685 million
SOILBUILD Construction : S7P +6.67% on Tuesday (Apr 23) said its subsidiaries have been awarded contracts with an aggregate value of about S$81 million, bringing the group&rsquo s order book to about S$685 million.
SB Procurement, a wholly owned subsidiary, got a contract to build a five-storey transportation hub in Ubi, Singapore.
The hub will be built to achieve the Green Mark Gold Plus eco-sustainable rating for a building under the Building and Construction Authority&rsquo s certification scheme.
Another wholly owned subsidiary, Precast Concrete, got a contract for the supply and delivery of precast components to a Housing and Development Board public housing project in Tengah, Singapore.
The contracts are expected to commence in Q3 this year and be completed by Q2 2027.
Soilbuild subsidiaries secure contracts worth $3.6 mil
Soilbuild Construction Group S7P 0.00% has been awarded new contracts worth $3.6 million through its wholly-owned subsidiaries Soil-Build and Precast Concrete.
Soil-Build has secured a construction contract by SB (TND) Investment for hoarding and earthworks at an industrial development in Tampines North.
SB (TND) Investment is also a wholly-owned subsidiary of Soilbuild. As such, the Tampines North project constitutes a mandated interested person transaction (IPT).
Meanwhile, Precast Concrete has been awarded a contract for the supply and delivery of precast components to a Housing and Development Board (HDB) public housing project in the Kallang/Whampoa estate.
The new contracts awarded bring the group&rsquo s order book to approximately $604.1 million. They are not expected to have any material impact on the consolidated net tangible assets per share and consolidated earnings per share of Soilbuild for the FY2024 ending Dec 31.
Soilbuild Group reports FY2023 earnings of $7.3 million as construction industry recovers from pandemic
Soilbuild Construction Group has reported earnings of $7.3 million for F2023, reversing from a loss of $31.7 million incurred because of the pandemic which disrupted construction activities.
Revenue in the same period was held steady at $247.4 million.
The improvement was especially pronounced in its 2HFY2023, with earnings of $6 million versus $1.4 million reported for 2HFY2022, with contributions from projects newly secured following the pandemic.
&ldquo We are pleased to announce a strong set of financial results which attests to the group&rsquo s firm recovery from the Covid-19 pandemic,&rdquo says executive director Lim Han Ren.
As at end of December, Soilbuild has an order book of around $600 million, consisting of 4 new construction contracts and 19 new precast supply and delivery contracts, with a total value of $396 million. These contracts were all secured within FY2023.
The company plans to pay a first and final dividend of 0.1 cent per share.
Soilbuild Construction subsidiaries awarded contracts worth $135.1 mil
Soilbuild Construction Group S7P -11.76% has secured new construction and precast supply and delivery contracts worth $135.1 million in total.
On Feb 1, the company announced that its wholly-owned subsidiary Soil-Build had been awarded a construction contract by SB (29NIR) Investment to build a five-story industrial complex at New Industrial Road.
Separate contracts were awarded to Precast Concrete, another wholly-owned subsidiary of Soilbuild, to supply and deliver precast components for a Housing and Development Board (HDB) public housing projects in Bedok, Kallang Whampoa and Ang Mo Kio.
With the newly-awarded contracts, Soilbuild&rsquo s order book stands at some $621.7 million.
Soilbuild units clinch S$24.3 million in new construction contracts
TWO units of Soilbuild Construction Group : S7P +20.69% have bagged S$24.3 million in new contracts, the company said in a bourse filing on Wednesday (Jan 10).
Soil-Build, a wholly-owned subsidiary, has been awarded a construction contract by SB (2TS) Investment for demolition and piling works for a multi-user industrial development at Tuas South Avenue.
Construction for the development &ndash billed as the Tuas South Project &ndash is set to start in the first quarter of 2024 and to be completed by Q3.
Soilbuild Construction flagged that the Tuas South Project is in the ordinary course of business of the group, and constitutes a mandated interested person transaction where the interested person transaction mandate (IPT mandate) will apply.
This is because SB (2TS) Investment is considered a mandated interested person, as it is a wholly-owned subsidiary of Soilbuild Group, of which Lim Chap Huat, Soilbuild&rsquo s executive chairman, is the sole shareholder.
Besides Lim, Lim Han Ren and Lim Cheng Hwa, who are directors of Soilbuild Group Holdings, none of the directors or controlling shareholders of Soilbuild Construction have any interest, direct or indirect, in the Tuas South Project, other than through their respective shareholdings in the company.
The company added that its audit committee is of the view that the transaction is on normal commercial terms and is not prejudicial to the interests of the company and its minority shareholders.
Meanwhile, Precast Concrete, a wholly-owned subsidiary of the company, has been awarded two Housing and Development Board (HDB) contracts for the supply and delivery of precast components in Singapore. One is an HDB term contract, while the other is for an HDB housing project in Tengah.
Both the HDB precast and prefabrication contracts are expected to commence in the first quarter of 2024 and be completed by the second quarter of 2026.
The new contracts &ndash which total up to about S$24.3 million &ndash bring the group&rsquo s order book to around S$588.6 million as at end-June 2023.
The contracts are not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of the group for the current financial year ending Dec 31, 2024.
Soilbuild Construction secures $118.7 mil in contracts to commence in 3Q2023
Soilbuild Construction announced that is has been awarded contracts worth about $118.7 million. The contracts are expected to commence in 3Q2023 and are expected to be completed by 2Q2025.
Of the contracts won, one was awarded to the group&rsquo s wholly-owned subsidiary SB Procurement. This construction contract will see the group responsible for the the building of a sustainable and energy efficient logistics facility in Singapore.
The facility will be built to achieve four sustainability certifications, namely Green Mark Platinum, Green Mark Zero Energy, Leadership in Energy and Environmental Design (LEED) Gold and LEED Zero Carbon.
Meanwhile, Precast Concrete, another wholly-owned subsidiary of the group has been awarded contracts for supply and delivery of precast components to Housing and Development Board public housing projects located in Tampines, Woodlands, Bishan and Choa Chu Kang, Singapore.
With the new contracts secured, the group&rsquo s order book has risen to approximately $693.0 million (based on order book as of end December 2022 and including new contracts secured since).
These contracts are not expected to have any material impact on the group&rsquo s earnings for the current financial year ending Dec 31.
Last day to subscribe for the rights share @ $0.031. NAV $0.0486
MakeChanges ( Date: 09-Jan-2023 09:08) Posted:
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starting to see movements
Ex Rights already. Last closing price was at Rights price of $0.031
Major SS who holds 73% undertake to mop up all excess rights shares not taken up.
NAV $0.0483.
Previously brother company was taken private.
Need to say more about the value of this company and what the intention of the SS may be?
Buy at $0.031
Irrevocable Undertaking :
Mr Lim Chap Huat has given an irrevocable undertaking to the Company to subscribe and pay in full for his entitlements under the Preferential Offering and to make excess application(s) to effectively take up any Rights Shares which are not validly subscribed and/or applied for at the close of the Preferential Offering after satisfaction of all valid applications and excess applications (if any) for the Rights Shares.
Major SS who holds 73% undertake to mop up all excess rights shares not taken up.
NAV $0.0483.
Previously brother company was taken private.
Need to say more about the value of this company and what the intention of the SS may be?
Buy at $0.031
Irrevocable Undertaking :
Mr Lim Chap Huat has given an irrevocable undertaking to the Company to subscribe and pay in full for his entitlements under the Preferential Offering and to make excess application(s) to effectively take up any Rights Shares which are not validly subscribed and/or applied for at the close of the Preferential Offering after satisfaction of all valid applications and excess applications (if any) for the Rights Shares.