For the upcoming first half results, the CGSI analysts expect the company to report revenue of $117 million. At this level, it is a 309% y-o-y and 33% h-o-h jump, driven by the consolidation of Guthrie Engineering, which was acquired in 2HFY2025, as well as on-going execution of its $950 million order book.
Then Wan Lin and Natalie Ong of CGS International have kept their "add" on Ever Glory United Holdings, with a view that the mechanical and engineering firm is set for further earnings growth ahead, lifted by an order book that can potentially hit $1 billion from $950 million as of May.
"We maintain a positive view on Ever Glory, underpinned by our intact investment thesis of strong order momentum from its tender pipeline of more than $4 billion as of February."
