KSH Holdings - Lim & Tan Securities 2026-02-19: Back In The Black

• KSH Holdings (SGX:ER0)’s 1HFY26 numbers have delivered a recovery in both top-and-bottom-lines, driven by an increase in construction revenue, better margins, and decline in losses from its four JV Singapore development projects. Order book has more than doubled since the start of 2025, from $230mln to more than $500mln currently.
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• Management has maintained interim dividend of 0.5 cents, representing a 54% DPR and 1.4% interim yield.

1HFY26 revenue rose 20% y-o-y from higher construction revenue, backed by a growing order book.

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• Net profit for 1HFY26 came in at S$5.3mln, marking a turnaround from losses towards profitability.

Rebound in construction margins and order book.

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

Previous report by LIM:
2025-10-27 KSH Holdings - Construction Upturn + Development Booster.

Price targets by other brokers at KSH Holdings Target Prices.

Listing of research reports at KSH Holdings Analyst Reports.

Relevant links:
KSH Holdings Share Price History,
KSH Holdings Announcements,
KSH Holdings Dividend Payout Dates & Corporate Actions,
KSH Holdings News