For this current FY2025, Chong estimates that Soilbuild can grow its revenue and earnings by 20% and 28% y-o-y, thanks to progress payments.
Yik Ban Chong of PhillipCapital has initiated coverage of Soilbuild Construction Group (SGX:S7P
) with an "accumulate" call and 97 cents target price.
In his April 14 note, Chong notes that the company's order book of $1.26 billion as at Dec 2024, will provide visibility for revenue and profit growth over the next two financial years.
