Ever Glory United Holdings Secures S\$230 Million in New Contracts, Boosting Order Book Beyond S\$900 Million
Singapore, 18 May 2026 – Ever Glory United Holdings Limited (“Ever Glory United” or the “Company”), a prominent Singapore-based engineering and property group listed on SGX since 2023, has announced a significant corporate milestone. The Group has secured approximately S\$230 million in new contracts, propelling its total order book to an impressive figure exceeding S\$900 million.
Key Highlights for Investors
- New contracts worth S\$230 million secured, demonstrating robust project win momentum.
- Total order book now exceeds S\$900 million, providing strong earnings visibility through 2027 and beyond.
- Project portfolio diversified across transport infrastructure, integrated resort & hospitality, and commercial & office developments.
- Backlog ensures progressive financial contributions over the next 2-3 years, supporting long-term revenue growth.
- Strategic acquisitions in 2024 and 2025 have strengthened the Group’s capabilities and scale, enhancing ability to secure larger and more complex projects.
Details of the New Contracts and Portfolio Diversification
The latest contract wins span multiple high-value sectors, bolstering Ever Glory United’s reputation as a versatile and technically capable player in Singapore’s infrastructural and property landscape:
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Transport Infrastructure:
- New projects awarded by the Land Transport Authority (LTA), reinforcing Ever Glory United’s standing as a trusted partner in the delivery of critical national infrastructure.
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Integrated Resort & Hospitality:
- Secured a contract for works at Resorts World Sentosa, one of Singapore’s premier integrated resort destinations. This further strengthens Ever Glory United’s presence in the high-value hospitality and leisure segment.
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Commercial & Office Developments:
- Contracts awarded for new commercial and office developments, reflecting continued private sector demand and confidence in the Group’s delivery capabilities.
The CEO & Executive Director, Mr. Xu Ruibing, commented that these wins affirm the Group’s ability to compete and succeed across a diverse range of sectors—from national transport infrastructure to world-class hospitality. The enlarged order book provides a strong and visible revenue foundation, with significant earnings visibility through to 2027 and beyond. The Company remains focused on its robust pipeline and is well-positioned to secure further significant projects in the coming months.
Strategic Growth Through Acquisitions and Diversification
Ever Glory United’s M&E engineering business, conducted through its wholly-owned subsidiary Sunbeam M&E Pte. Ltd., offers comprehensive services including air-conditioning, mechanical ventilation, electrical engineering, fire protection, plumbing, sanitary and gas systems, and integrated building services for residential, commercial, institutional, and industrial projects.
The Group’s capabilities have been further enhanced through key acquisitions:
- February 2024: Acquisition of Fire-Guard Engineering Pte. Ltd., adding over 30 years of industry experience and enabling more integrated, in-house M&E solutions.
- July 2025: Acquisition of Guthrie Engineering (S) Pte. Ltd., which increased the Group’s scale, order book, and ability to tender for larger, more complex projects.
In 2023, the Group diversified into property investment and development through Ever Capital Pte. Ltd., with ongoing projects including a freehold residential development in Geylang and a food factory development at Mandai Estate.
Ever Glory United holds ISO 9001:2015, ISO 45001:2018, and bizSAFE Star accreditations, underscoring its commitment to quality management and workplace safety excellence.
What Shareholders Need to Know
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The S\$230 million in new contracts, pushing the order book above S\$900 million, is a material development that is likely to be price sensitive.
This dramatically enhances earnings visibility and underpins growth potential for the next several years. - The diverse project portfolio and strong pipeline of opportunities position Ever Glory United for continued expansion, potentially driving further share price appreciation.
- Strategic acquisitions and business diversification have strengthened the Group’s competitive position, enabling participation in larger and more complex projects and supporting long-term shareholder value.
- Accreditations and proven track record add to investor confidence in the Group’s execution capability and risk management.
Contact Information
For further details, investors and media may contact:
Ms Emily Choo
Email: [email protected]
Mobile: +65 9734 6565
Ever Glory United Holdings Limited
Disclaimer: This article is for information purposes only and does not constitute investment advice or a solicitation to buy or sell securities in Ever Glory United Holdings Limited. Investors should conduct their own due diligence and consult their professional advisors before making any investment decisions. The information contained herein is based on public announcements and may be subject to change without notice.
