{"id":32821,"date":"2026-03-02T08:55:37","date_gmt":"2026-03-02T00:55:37","guid":{"rendered":"https:\/\/sgbuzz.com\/?p=32821"},"modified":"2026-03-02T08:55:37","modified_gmt":"2026-03-02T00:55:37","slug":"fy25-results-order-book-outlook-esg-highlights-target-price-analysis-2026-1-minichart","status":"publish","type":"post","link":"https:\/\/sgbuzz.com\/?p=32821","title":{"rendered":"FY25 Results, Order Book Outlook, ESG Highlights &#038; Target Price Analysis (2026) 1 \u2013 Minichart"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<p><b>Broker Name:<\/b> CGS International<br \/><b>Date of Report:<\/b> March 2, 2026<\/p>\n<p><b>Excerpt from CGS International report.<\/b><\/p>\n<ul>\n<li><b>Report Summary<\/b>\n<ul>\n<li>Soilbuild Construction Group (SBCG) delivered FY25 core net profit of S\\$62.4m (+135% yoy), in line with analyst estimates, on the back of strong project delivery and robust revenue growth.<\/li>\n<li>The group ended FY25 with a S\\$1.07bn order book but expects a lower FY26 order book (~S\\$860m) due to smaller contract sizes and softer order wins; FY26 order win assumption raised to S\\$550m.<\/li>\n<li>EBIT margins for construction and precast segments improved to ~13% in 2H25, supported by disciplined execution and economies of scale.<\/li>\n<li>Management maintains stable gross profit margin (GPM) guidance at 16% for FY26-28, with net profit margin (NPM) expected at around 10%.<\/li>\n<li>Target price is unchanged at S\\$1.20, pegged to 10x FY27F P\/E, and \u201cAdd\u201d rating is reiterated, citing strong order book, decent pipeline visibility, and resilient margins as strengths.<\/li>\n<li>Downside risks include potential for slower order wins and cost overruns, while key catalysts could be a precast business spin-off and stronger contract awards.<\/li>\n<li>SBCG aligns with Singapore\u2019s sustainability agenda, emphasizing green construction, workplace safety, and robust anti-corruption measures.<\/li>\n<li>Financial metrics show robust growth in revenue, profit, and cash flow for FY25, with a positive outlook for earnings and dividends through FY28.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website: <a href=\"https:\/\/www.cgs-cimb.com\" target=\"_blank\" rel=\"noopener\">https:\/\/www.cgs-cimb.com<\/a><\/p>\n<p>                <!-- .post-tags -->\n            <\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.minichart.com.sg\/2026\/03\/02\/soilbuild-construction-group-singapore-fy25-results-order-book-outlook-esg-highlights-target-price-analysis-2026-1\/\" target=\"_blank\" rel=\"noopener\">Read Full Article At Source <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Broker Name: CGS InternationalDate of Report: March 2, 2026 Excerpt from CGS International report. Report Summary Soilbuild Construction Group (SBCG) delivered FY25 core net profit&#8230;<\/p>\n","protected":false},"author":1,"featured_media":32822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[2611],"tags":[],"class_list":["post-32821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-headlines","wpcat-2611-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/32821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32821"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/32821\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/32822"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}