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CGSI lifts Soilbuild’s target price; keeps FY2025 order win assumption of $530 mil

Felicia Tan
Felicia Tan • 3 min read
CGSI lifts Soilbuild’s target price; keeps FY2025 order win assumption of $530 mil
The analysts have kept their “add” call on the group after hosting the latter at its Singapore Value-Up Conference in Kuala Lumpur on Jan 13. Photo: The Edge Singapore
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Soilbuild Construction Group is likely to have an order book of $1 billion by the end of FY2026, say CGS International (CGSI) analysts Lim Siew Khee and Then Wan Lin.

The analysts have kept their “add” call on the group after hosting the latter at its Singapore Value-Up Conference in Kuala Lumpur on Jan 13.

“According to Soilbuild, its tender book remains strong at $1 billion for semiconductor plants, warehouses, Tuas Mega Port works, and industrial development via Soilbuild Holding’s (Unlisted) bid for Industrial Government Land Sales (IGLS),” Lim and Then write in their Jan 15 report.

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