For the six months ended Dec 31, 2025, adjusted patmi spiked by 81% y-o-y to $50 million due to higher contributions from a 20% increase in bed capacity for the group’s worker dormitories. The higher adjusted patmi was also due to the higher recognition of external construction projects and revenue recognition from Wee Hur’s Bartley Vue property.
PhillipCapital’s Chong Yik Ban has upgraded his call on Wee Hur Holdings to “buy” with a higher target price of $1.08 from 90 cents previously.
The overall bullishness comes as the group’s 2HFY2025 revenue and adjusted patmi exceeded expectations at 114% and 138% of Chong’s FY2025 forecasts.
