- Soon Hock Enterprise (SGX:SHE) delivered a strong set of results following its Oct 25 listing, with 2025 net profit 2% above our expectation, mainly due to higher other income which partially offset IPO-related expenses.
- - Read this at SGinvestors.io -
Visible 6% yield with 25% payout policy.
- In line with its IPO commitment, management of Soon Hock proposed a final dividend of 3.05 cents/share, representing a 25% payout ratio. This offers investors yield alongside growth from its development pipeline.
- Soon Hock’s S$160m cash balance as at end-25 provides flexibility to fund upcoming developments and pursue new land acquisitions.
Development pipeline supports 2026 earnings.
- - Read this at SGinvestors.io -
- The next major project, Skye@Tuas, is expected to obtain partial TOP in 4Q26, of which we conservatively assume 40% revenue recognition.
- Its strategic location near Tuas Link MRT station and the Tuas Mega Port positions it well to capture demand from Singapore’s expanding logistics and industrial ecosystem.
Expanding recurring income through dormitory assets.
- Read more at SGinvestors.io.
