- Huationg is a BCA A1-graded civil engineering contractor with over 40 years’ track record and S$512m orderbook tied to public projects. At 8x 2026F P/E (5x ex-cash), Huationg is undervalued (37% discount vs peers). Initiate coverage on Huationg with BUY rating.
- - Read this at SGinvestors.io -
Leading contractor with 40-year track record.
- Huationg Global (SGX:41B) is a founder-led contractor with over 40 years of civil engineering expertise in Singapore. Since 1983, it has evolved from a subcontractor into a Building and Construction Authority (BCA) A1-graded main contractor, qualified to bid for public projects of unlimited value.
- - Read this at SGinvestors.io -
Riding the public infrastructure boom with a S$512m orderbook.
- As civil engineering contracts surge upon Singapore’s current infrastructure cycle, Huationg’s core segment formed 93% of 1H25 revenue. Its project exposure spans mega-developments like Changi Airport Terminal 5, MRT expansions and Tuas Port. Its A1 status unlocks access to large public tenders, a moat shared by only a select group of players.
- With its strong S$512.3m orderbook (2x 2024 revenue), the group has multi-year earnings visibility.
Net cash with rising shareholder returns.
- Read more at SGinvestors.io.
