Soilbuild Construction Group - Phillip Securities 2025-04-14: Visibility From Order Book

• 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.

Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Read also Phillip's most recent report:
2025-09-29 Soilbuild Construction - More Favourable Industry Catalysts.

Previous report by Phillip:
2025-08-15 Soilbuild Construction Group - Stellar PATMI Growth With Huge Order Book.

Price targets by other brokers at Soilbuild Construction Target Prices.

Listing of research reports at Soilbuild Construction Analyst Reports.

Relevant links:
Soilbuild Construction Share Price History,
Soilbuild Construction Announcements,
Soilbuild Construction Dividend Payout Dates & Corporate Actions,
Soilbuild Construction News