Soon Hock Enterprise's Project Pipeline Looks Clearer -- Market Talk

Dow Jones
Mar 06

0623 GMT - Soon Hock Enterprise's project pipeline looks clearer, based on its analyst briefing, Maybank's Toh Xuan Hao says in a report. Its Sky@Tuas development property in Singapore is slated for sales launch in 2Q, with management guiding for conservative 50% achieved unit sales in 2026, the analyst notes. Greater clarity has emerged for the property developer's 2027-2028 development projects, as management targets final temporary occupation permit for Senang Crescent project by end-2027. Management also guided for plans to develop a larger 700-800 bed worker dormitory as part of its 20 Shaw Road property. Maybank Research raises the stock's target price to S$0.78 from S$0.75 with an unchanged buy rating. Shares are 1.6% lower at S$0.63. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

March 06, 2026 01:23 ET (06:23 GMT)

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