The Building and Construction Authority (BCA) expects total construction demand to be in the range of $47 billion to $53 billion in 2025, up from some $44 billion in 2024.
CGS International Research analysts Natalie Ong and Lim Siew Khee have raised their target price on Pan-United Corporation, which they believe is a potential beneficiary of Singapore’s continued infrastructure upgrading.
In a May 26 note, Ong and Lim are maintaining “add” on Pan-United with a higher target price of 82.3 cents, up from 75 cents previously.
