Broker Name: Lim & Tan Securities
Date of Report: 27 October 2025
Excerpt from Lim & Tan Securities report.
Report Summary
- KSH Holdings is expected to benefit from Singapore’s construction sector recovery, with gross margins rebounding and a strong order book pipeline projected to exceed S\$500 million. The company has turned around negative margins from legacy projects and is forecasted to deliver net profits of S\$17–21 million in the next two years.
- Supported by a strong net cash position, attractive dividend yield, and ongoing contributions from successful local property development projects, KSH Holdings is well-positioned for growth. The broker initiates an “Accumulate” rating with a SOTP-based target price of S\$0.51, representing a 24% potential upside.
Above is an excerpt from a report by Lim & Tan Securities. Clients of Lim & Tan Securities can be the first to access the full report from the Lim & Tan Securities website : www.limtan.com.sg
