Ever Glory United Surpasses S\$1 Billion Order Book with Over S\$168 Million in New Contracts
Key Developments and Strategic Milestones
- Secured Over S\$168 Million in New Contracts: Ever Glory United Holdings Limited has announced the securing of more than S\$168 million in new contracts, marking a significant development for the Group’s business pipeline.
- Order Book Exceeds S\$1 Billion for the First Time: This achievement lifts the Group’s total order book beyond S\$1 billion, establishing a new record and providing robust earnings visibility through 2028 and beyond.
- Strong Contract Wins Since 2026: Since the start of 2026, the Group has accumulated approximately S\$400 million in new contracts, sustaining strong growth momentum.
Details of New Contract Wins
- Defence and Commercial Sector Projects: The latest wins include a subcontract for electrical works on a Defence Science and Technology Agency (DSTA) project, signaling the Group’s ability to penetrate the high-value defence sector.
- Commercial Mixed Developments: The Group continues to secure mechanical and electrical (M&E) works for commercial mixed developments, especially in Singapore’s prime business districts. This reflects sustained private-sector demand for the Group’s integrated M&E solutions.
- Earnings Visibility: The expanded order book provides significant earnings visibility, with progressive financial contributions expected over the next two to three years, barring unforeseen circumstances.
Management Commentary
Mr. Xu Ruibing, CEO & Executive Director, commented:
“Crossing the S\$1 billion order book mark is a defining milestone for the Group. Our order book has grown from S\$732.8 million at the start of this year to beyond \$1 billion in just seven months, a powerful endorsement of our integrated platform and the trust our clients place in us. Securing mechanical and electrical works on military infrastructure project and new commercial mixed development projects demonstrates the breadth of contracts we can now compete for and win.
With demand across Singapore’s construction sector expected to remain robust, we see a healthy pipeline of opportunities ahead. Our priority remains disciplined execution, converting this record order book into quality earnings and sustained value for our stakeholders.”
Strategic Growth and Business Overview
- Core Businesses: Ever Glory United is a Singapore-based engineering and property group, primarily engaged in M&E engineering services, as well as property investment and development.
- Expansion through Acquisitions:
- In February 2024, acquired Fire-Guard Engineering Pte. Ltd., a firm with over 30 years’ industry experience, strengthening in-house M&E capabilities.
- In July 2025, acquired Guthrie Engineering (S) Pte. Ltd., which enhanced the Group’s scale and enabled pursuit of larger, more complex projects.
- Property Development: Diversified into property investment and development in 2023 through Ever Capital Pte. Ltd. Current projects include a freehold residential development in Geylang and a food factory development at Mandai Estate.
- Quality and Safety Accreditations: Holds ISO 9001:2015, ISO 45001:2018, and bizSAFE Star accreditations, underlining commitment to quality management and workplace safety excellence.
Implications for Shareholders
- Potential Share Price Catalyst: The unprecedented growth in the order book, especially surpassing the S\$1 billion mark, is likely to be viewed positively by the market and may serve as a catalyst for share price appreciation.
- Earnings Visibility: The strong and diversified pipeline offers visible, progressive earnings through at least 2028, reducing uncertainty and supporting shareholder confidence.
- Strategic Positioning: The ability to secure both defence and prime commercial contracts positions Ever Glory United as a leading M&E player in Singapore, with increasing ability to compete for large-scale, complex projects.
Investor Relations Contact
Ms Emily Choo
Email: [email protected]
Mobile: +65 9734 6565
Disclaimer: This article contains forward-looking statements based on current expectations, projections, and assumptions about future events. Actual results may differ materially due to various risks and uncertainties. This article does not constitute investment advice or an offer to sell or the solicitation of an offer to buy any securities. Investors should consult their financial advisors before making investment decisions.
永光联合控股新合同突破1亿新元，订单总额首次超10亿新元
关键进展与里程碑
- 新签合同逾1.68亿新元：永光联合控股有限公司宣布新签约合同金额超过1.68亿新元，为集团业务带来重大增长。
- 订单总额首次突破10亿新元：本次成绩使集团历史性地将订单总额提升至10亿新元以上，为未来盈利带来强有力的保障，直至2028年及之后。
- 2026年以来强劲增长：自2026年初以来，集团新签合同累计约4亿新元，持续保持增长动力。
新合同详情
- 国防及商业项目：最新中标包括国防科技局（DSTA）项目的电气分包工程，显示集团有能力进入高价值的国防领域。
- 商业综合体发展：集团继续在新加坡核心商务区承接机电工程项目，反映私营部门对集团综合机电解决方案的持续需求。
- 盈利可见性：扩大的订单簿为未来两至三年带来可预见的盈利贡献（若无不可预见情况）。
管理层评论
首席执行官兼执行董事徐瑞兵表示：
“订单总额突破10亿新元是集团的一个里程碑。今年初我们的订单簿为7.328亿新元，仅7个月时间增长到超过10亿新元，充分体现了客户对我们综合平台的信任。中标军用基础设施和商业综合体项目，显示了我们现有的合同广度。
随着新加坡建筑行业需求保持强劲，我们看到前景可观。我们将专注于稳健执行，将创纪录的订单转化为优质盈利和可持续价值。”
战略增长与业务概览
- 核心业务：永光联合是一家总部位于新加坡的工程及地产集团，主营机电工程服务及地产投资开发。
- 收购扩张：
- 2024年2月收购具有30多年经验的Fire-Guard Engineering Pte. Ltd.，增强内部机电能力。
- 2025年7月收购Guthrie Engineering (S) Pte. Ltd.，提升集团规模及承接大型复杂项目能力。
- 地产开发：2023年通过Ever Capital Pte. Ltd.多元化发展地产投资，目前项目包括芽笼永久业权住宅及万礼工业区食品厂房开发。
- 认证资质：持有ISO 9001:2015、ISO 45001:2018及bizSAFE Star，彰显对质量管理及安全的高度重视。
对股东的影响
- 股价催化剂：订单簿首次突破10亿新元极具新闻价值，或将被市场看作利好，有望推动股价上涨。
- 盈利保障：多元化强劲订单管道为2028年前后盈利提供可见性，增强投资者信心。
- 战略定位：能够同时中标国防和核心商业项目，集团正成为新加坡领先的机电工程企业，具备承接大型复杂项目能力。
投资者关系联系方式
Ms Emily Choo
邮箱：[email protected]
电话：+65 9734 6565
免责声明： 本文包含前瞻性声明，基于当前预期和假设。实际结果或因多种风险与不确定性而与声明存在重大差异。本文不构成投资建议或要约，投资者应咨询专业顾问后作出投资决策。
