Key Highlights
- Contract Secured: King Wan Corporation Limited has announced the successful award of new Mechanical and Electrical (M&E) contracts worth approximately S\$36.5 million.
- Contract Period: These contracts were secured between July and September 2025.
- Project Scope: The contracts cover a mix of residential, commercial, and institutional developments across Singapore, including plumbing, sanitary, gas installation, and full M&E system supply and installation works.
- Completion Timeline: The projects are scheduled for completion between 2026 and 2028.
Breakdown of Secured Contracts
- Mixed-Use Development at Beach Road: Comprehensive plumbing, sanitary, and gas installation works.
- Fernvale Crescent Southbound Public Housing: Plumbing and sanitary installations for a substantial public housing project totaling 1,191 units.
- Jalan Loyang Besar Executive Condominium: Plumbing and sanitary works for an executive condominium development with 748 units.
- School Multi-Purpose Halls (Phase 2, Package 3): Mechanical and electrical system supply and installation for multi-purpose halls across the West, IFM, and Southwest zones.
Implications for Shareholders
- Revenue Visibility: The S\$36.5 million worth of contracts enhances King Wan’s project pipeline, providing improved revenue visibility over the next 2-3 years.
- Geographical and Segment Diversification: These projects span residential, commercial, and institutional sectors, demonstrating King Wan’s strong market presence and diverse capabilities.
- Financial Impact: The company states that these contracts are not expected to have any significant impact on earnings per share or net tangible assets per share for the financial year ending 31 March 2026.
- Potential Upside: While immediate financial impact is limited, the successful execution of these projects could enhance King Wan’s future profitability, reputation, and competitiveness for subsequent contract wins. Investors should monitor progress and execution risks.
Company Overview
King Wan Corporation Limited is a Singapore-based integrated building services company with a core focus on Mechanical and Electrical (M&E) engineering services for the building and construction industry. The company also provides rental of mobile chemical lavatories for construction sites and public events.
Under its M&E business, King Wan offers multi-disciplined engineering services, including design and installation of plumbing, sanitary, fire protection, alarm, communications, security, and air-conditioning/ventilation systems. The company also delivers end-to-end solutions, integrating digitalisation with retrofitting and optimisation works.
In addition to M&E, King Wan maintains an investment portfolio across property development and workers dormitory operations in Singapore, China, and Thailand. The group’s multi-country, multi-industry strategy is intended to broaden revenue streams and diversify risk.
Contact for Media and Analysts
Ms. Ong Ai Ling
Chief Financial Officer
Tel: 6368 4300
Fax: 6365 7675
Email: [email protected]
Investor Considerations
- The recent contract wins signal operational momentum and may positively impact King Wan’s long-term value proposition, although near-term earnings are not expected to see significant change.
- Shareholders should watch for further updates on project execution, new contract wins, and strategic developments in the company’s core and ancillary segments.
Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell securities. Investors should conduct their own due diligence and consult their financial advisors before making investment decisions.
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