bullish

Soilbuild Construction Group (SGX: ZQM): Initiation Research (4 October 2026)

65 Views12 Oct 2026 12:04
SUMMARY
  • Soilbuild Construction Group (“SBCG”) has moved from a S$31.7m net loss in FY2022 to a S$63.6m net profit in FY2025 and S$70.9m on a trailing twelve-month (TTM) basis as of 30 June 2026, as loss-making pre-COVID contracts rolled off, gross margin widened to 15.8% and a S$647.5m PSA award in 2024 took the order book above S$1.0b.
  • Net cash of S$136.6m at 30 June 2026 is 40.9% of its S$334.2m market capitalisation.
  • The shares are 54.9% below their February 2026 high and close to their 52-week low, as the order book has declined to S$800.0m, about 1.3 years of TTM revenue.
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  • Soilbuild Construction Group (SGX: ZQM): Initiation Research (4 October 2026)
    12 Oct 2026
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