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PhillipCapital keeps 'overweight' on construction sector with upcoming integrated resorts and Changi Airport T5

Nicole Lim
Nicole Lim • 3 min read
PhillipCapital keeps 'overweight' on construction sector with upcoming integrated resorts and Changi Airport T5
Analyst Paul Chew has “buy” calls for Wee Hur and Pan-United, and “accumulate” calls for Centurion and BRC Asia. Photo: The Edge Singapore
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With a strong project pipeline driven by the expansion of two integrated resorts and Changi Airport Terminal 5 in 2026, PhillipCapital analyst Paul Chew is maintaining his “overweight” call on the construction, building material and worker accommodations sector. 

Chew has “buy” calls for Wee Hur Holdings (SGX:E3B) and Pan-United Limited, and "accumulate" calls for Centurion Corporation (SGX:OU8) and BRC Asia (SGX:BEC) , with target prices of 62 cents, 68 cents, $1.02 and $2.80 respectively. 

In his 2024 review of Singapore equities, Chew zooms in on the sector, and spells out the trends that have emerged from the year. 

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