- We initiate Soilbuild Construction with an ACCUMULATE recommendation and 3.6x FY26e P/E target price of S$0.97.
- Soilbuild’s historical P/E from FY22 to FY24 was ~5.9x. As Soilbuild’s net profits was negative before FY22 and only positive since FY23, we placed a ~40% discount and value Soilbuild at 3.6x FY26e P/E.
Company Background
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- In Dec 2024, Soilbuild completed its share consolidation of every ten existing shares into one share, to reduce volatility and the impression of its shares being a penny stock.
Investment Highlights
Outstanding order book provides visibility for growth.
- Read more at SGinvestors.io.