Broker: DBS
Date of Report: 10 April 2026
Ticker: WHUR_SP_Equity
Excerpt from DBS report
Report Summary
- Action/Call: Initiate with BUY
- Target Price: SGD 0.90
- Key Idea: Wee Hur Holdings Ltd is transforming from its construction roots into a diversified investment holding company with strong growth in workers’ accommodation and purpose-built student accommodation (PBSA).
- Highlights:
- New 10,500-bed workers’ dormitory at Pioneer Lodge increases total bed count by 67% and is expected to drive significant revenue uplift (SGD 30–40 million in FY26).
- Existing Tuas View Dormitory maintains high occupancy rates (95% in FY25) and is up for lease renewal, with management expecting favorable results.
- Wee Hur operates over 25,000 workers’ dormitory beds in Singapore and 6,779 student beds in Australia, providing strong recurring income.
- The company remains a proxy for construction sector growth in Singapore, with major HDB contracts secured.
Actionable Insight: Investors are advised to consider a BUY on Wee Hur Holdings Ltd with a target price of SGD 0.90, supported by growing accommodation assets and robust occupancy rates.
above is an excerpt from a report by DBS. Clients of DBS can be the first to access the full report from the DBS website : https://www.dbs.com/insightsdirect/company/TR4295887823
