“After a 1HFY2023 turnaround in profitability, the group has reaped the rewards of its labour by quadrupling its net profit for 2HFY2023 h-o-h,” write Yap and Chan.
SAC Capital analysts June Yap and Matthias Chan have initiated “buy” on Soilbuild Construction Group (SGX:S7P
) with a target price of 4 cents.
The report, dated May 2, highlights Soilbuild’s “remarkable recovery” in the 2HFY2023 ended Dec 31, 2023.
