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UOB Kay Hian lifts Huationg Global’s TP after record FY2025 performance

Felicia Tan
Felicia Tan • 2 min read
UOB Kay Hian lifts Huationg Global’s TP after record FY2025 performance
Analysts Heidi Mo and Tang Kai Jie believe a potential transfer to the Mainboard could trigger a re-rating. Photo: Huationg
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UOB Kay Hian analysts Heidi Mo and Tang Kai Jie have raised their target price for Huationg Global to $1.23 from $1.15 previously after the construction company posted record high earnings in FY2025.

For the 12 months ended Dec 31, 2025, Huationg’s earnings rose by 21.1% y-o-y to $19.8 million, exceeding Mo and Tang’s expectations by 10%.

Revenue, which rose by 32% y-o-y to $298.8 million, also surpassed the analysts’ expectations by 17%, thanks to a sharp rebound in 2HFY2025 and the y-o-y increase in civil engineering contracts. The segment contributed 93% of group revenue, which more than offset the dormitory segment, which ended in August 2024.

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