Huationg Global's Strong Order Book Offers Earnings Visibility
Dow Jones
Aug 28
0336 GMT - Huationg Global's strong order book of 533 million Singapore dollars as of end-June offers earnings visibility for next four years, UOB Kay Hian's Tang Kai Jie says in a research report. The civil engineering services provider remains focused on Singapore's government infrastructure and sees a healthy order pipeline from Changi Airport and other major public works, the analyst notes. Also, the company continues to actively tender for new projects and highlighted three tenders of above S$100 million in contract value each awaiting results. However, the brokerage cuts the stock's target price to S$0.88 from S$1.23, based on a lower 10X 2026 price-to-earnings ratio versus 11X previously, with an unchanged buy rating. Shares are unchanged at S$0.555.
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