In FY2025, Soon Hock's property development segment continues to be the key growth driver, contributing 98.6% of revenue in FY2025, up from just $6.5 million in FY2024 to $224.7 million in FY2025.
Toh Xuan Hao of Maybank Securities has kept his "buy" call and 75 cents target price for Soon Hock Enterprise Holding, after the company posted its FY2025 results that came in ahead of expectations.
For the year ended Dec 31 2025, the newly-listed industry property developer recorded earnings of $37.9 million, driven by strong topline growth in its property development segment, as it recognises revenue from its current project Stellar@Tampines.
