Sanli Environmental - Maybank Research 2025-10-22: Multi-year Growth Story Intact

• Sanli Environmental (SGX:1E3) said its joint venture (JV) with China Railway secured a maiden project with Singapore’s Land Transport Authority (LTA) valued at S$281m. This is the largest contract secured to date and will significantly boost its orderbook to S$614.9m, a record high.
• - Read this at SGinvestors.io -
• We also believe that Sanli has a good opportunity to add S$205m to its orderbook by end-2025 through the Public Utilities Board (PUB) tender it participated in July, which could boost its orderbook to S$800m.

Diversifying to LTA based on M&E expertise

• Sanli’s new S$281m LTA contract for the supply and installation of electrical services for Singapore’s Cross Island Line Phase 1 and Cross Island Line – Punggol Extension is its maiden contract with LTA.
• - Read this at SGinvestors.io -

Record orderbook may lead to record profitability

• Read more at SGinvestors.io.

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

Read also Maybank's most recent report:
2025-11-11 Sanli Environmental - On A Roll ~ More To Come.

Price targets by other brokers at Sanli Environmental Target Prices.

Listing of research reports at Sanli Environmental Analyst Reports.

Relevant links:
Sanli Environmental Share Price History,
Sanli Environmental Announcements,
Sanli Environmental Dividend Payout Dates & Corporate Actions,
Sanli Environmental News