Broker Name: CGS International Securities
Date of Report: March 4, 2026
Excerpt from CGS International Securities report.
- Report Summary:
- Wee Hur Holdings Ltd’s FY25 core profit was strong, driven by fair value gains on investment property, despite revenue missing forecasts due to project delays.
- The company aims to secure more construction projects, expand its worker/student accommodation portfolio, and unlock value from Australian property investments in FY26.
- Management is optimistic about renewing its Singapore dormitory leases and sees continued demand for quality accommodation and construction services.
- Wee Hur’s robust orderbook and commitment to ESG practices position it well for growth, with a target price of S\$0.95 and a positive outlook on Singapore’s construction upcycle.
- Key risks include potential lease non-renewals and weaker construction sector sentiment.
Above is an excerpt from a report by CGS International Securities. Clients of CGS International Securities can be the first to access the full report from the CGS International Securities website: https://www.cgs-cimb.com/
