Koh Brothers Eco Engineering Secures S\$77.6 Million Sport Singapore Contract; Boosts Order Book to S\$585.7 Million

Koh Brothers Eco Engineering Limited, a key player in sustainable engineering solutions, has announced a significant contract win valued at S\$77.6 million. The company’s wholly-owned subsidiary, Koh Brothers Building & Civil Engineering Contractor (Pte.) Ltd. (KBCE), has secured the contract from Sport Singapore for crucial groundwork at the Toa Payoh Integrated Development site. The contract, commencing on 19 November 2024, will span 18 months and is projected to be completed by May 2027.

The development will transform the existing Toa Payoh Stadium site, historically housing a restaurant, carparks, and the Toa Payoh Sports Complex, into a modern integrated development featuring sports, healthcare, library, and park facilities. This project is a landmark as it marks Koh Brothers Eco’s inaugural collaboration with Sport Singapore, reflecting the trust and confidence placed in their expertise and capabilities.

CEO Mr. Paul Shin expressed enthusiasm over the project, highlighting the opportunity to support a mega sports hub and integrated lifestyle facilities development. This contract adds to Koh Brothers Eco’s robust order book, which is now uplifted to approximately S\$585.7 million, ensuring visibility until 2027. This substantial order book is bolstered by other significant contracts, including a S\$200.7 million MEICA contract from PUB for Tuas Water Reclamation Plant and a S\$186.0 million project with the Housing & Development Board for the Kallang Integrated Development.

KBCE’s credentials are reinforced by its A1 grade from the Building and Construction Authority (BCA), allowing it to tender for projects of unlimited value. Over the years, KBCE has successfully executed numerous major infrastructure projects across Singapore, partnering with public sector agencies and establishing a strong track record in both building and civil engineering sectors.

Investors should note the potential for this contract to positively influence Koh Brothers Eco’s share price, given the scale of the project and the enhancement of the company’s order book and future revenue streams.

Disclaimer: This article is intended for informational purposes only and should not be construed as financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.