According to Ng, Reclaims Global marked a strong recovery in FY2025 with revenue almost doubling to $44.4 million, with net profit almost tripling to $5.6 million on higher excavation volumes and improved fleet utilisation.
SAC Capital analyst Daniel Ng has initiated a “buy” call on integrated construction services provider Reclaims Global with a target price of 49.7 cents.
In his Nov 27 report, Ng notes that the company has built an established operating track record supported by a sizeable inhouse fleet and an end-to-end model covering demolition, deep excavation, material recovery, and transport.
