Wee Hur - Phillip Securities 2026-03-16: Construction And Worker Dorm Anchor Growth

• Wee Hur (SGX:E3B)'s 2H25 revenue/adj. PATMI exceeded our expectations, at 114%/138% of our FY25 forecasts. 2H25 adj. PATMI spiked 81% y-o-y to S$50mil, driven by higher contributions from an additional 20% bed capacity in worker dormitory, higher recognition of external construction projects and revenue recognition from Bartley Vue property.
• - Read this at SGinvestors.io -

The Positives

Workers’ dormitory drives 2H25 revenue/PATMI growth.

• - Read this at SGinvestors.io -
• Pioneer Lodge, with 3,088 beds (+20% bed capacity) operating in Phase 1 since May 2025, also drove 2H25 workers’ dormitory revenue by 21% y-o-y to S$50.8mil. Its Phase 2 operations of 7,412 beds (+39% bed capacity) achieved temporary occupancy permit (TOP) since 4Q25, and is expected to ramp in occupancy in FY26e.

2H25 construction revenue spiked 172% y-o-y to S$50mil.

• 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/.

Previous report by Phillip:
2026-01-05 Wee Hur - Multiple Growth Drivers.

Price targets by other brokers at Wee Hur Target Prices.

Listing of research reports at Wee Hur Analyst Reports.

Relevant links:
Wee Hur Share Price History,
Wee Hur Announcements,
Wee Hur Dividend Payout Dates & Corporate Actions,
Wee Hur News