In FY2026, the analyst expects the group’s net profit after tax (NPAT) to come in 38% higher y-o-y to $47.2 million due to its master-leased Jalan Papan property, which provides stable recurring income, as well as its upcoming pipeline of developments.
Maybank Securities analyst Toh Xuan Hao has initiated coverage on Mainboard-listed Soon Hock Enterprise (SGX:SHE
) with a “buy” call as he sees several upsides to the counter.
“Soon Hock is positioned as a top-five strata industrial developer in Singapore with over c.900 industrial and commercial units sold in the past decade. We believe its experience in a user-centric development approach supports strong end-user demand and unit sales,” Toh writes in his Jan 13 report.
