According to the UOB Kay Hian team, Alpina’s projects mostly comprise maintenance works in Singapore’s public sector projects, which are recurring in nature.
The Singapore research team at UOB Kay Hian is positive on Catalist-listed Alpina Holdings’ prospects.
In an unrated report dated March 16, the team has noted the company’s strong orderbook of $151 million as at Dec 31, 2021, with the company continuing to proactively tender for new contracts.
