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Huationg Global ‘under-the-radar’, UOBKH initiates ‘buy’ at $1.15 TP

Douglas Toh
Douglas Toh • 3 min read
Huationg Global ‘under-the-radar’, UOBKH initiates ‘buy’ at $1.15 TP
In the 1HFY2025, the group’s civil engineering revenue increased by $33 million y-o-y, offsetting the $25.4 million revenue loss in dormitory revenue. Photo: Huationg Global
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UOB Kay Hian (UOBKH) analysts Heidi Mo and Tang Kai Jie have initiated coverage on civil engineering player Huationg Global.

The group has a 40-year track record, having evolved from a subcontractor into a Building and Construction Authority (BCA) A1-graded main contractor qualified to bid for public sector projects of unlimited value.

Huationg is led by its executive chairman, Ng Hai Liong, who has over 50 years of industry experience and is supported by a long-tenured management team.

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