Singapore Construction Stocks - UOB Kay Hian 2025-03-14: Promising 2025 Outlook On Robust Sector Activities

• The sector outlook in 2025 is promising, backed by the rollout of major projects (such as Changi T5 and MBS integrated resort expansion) and continued BTO supply ramp-up. We also expect private contract flows to improve, driven by the robust demand for the residential sector.

2024 review.

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2024 results within expectations.

• The construction companies under our coverage delivered resilient 2024 earnings as three companies were within expectations. Only one company, Pan-United (SGX:P52) underperformed, while Centurion (SGX:OU8) exceeded expectations.
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Earnings are set to grow in 2025.

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Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

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