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Hot stock: Soilbuild Construction hits 5-year high on Tuas Port contract win

The project entails building warehouses, gate buildings, a main intake substation and ancillary buildings in Tuas Port

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Hykel Quek

Published Fri, Jun 14, 2024 · 12:45 PM
    • The project is expected to be completed by the third quarter of 2027.
    • The project is expected to be completed by the third quarter of 2027. PHOTO: AFP

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    SHARES of Soilbuild Construction surged on Friday (Jun 14) morning, after the group announced that it had bagged a S$647.5 million Tuas Port construction contract the day before.

    As at 9.25 am, the counter had surged 113.9 per cent or S$0.041 to S$0.077, with about 6.5 million shares changing hands. The last time it reached such levels was in May 2019. 

    Its shares later eased to S$0.072, up 100 per cent or S$0.036, as at the midday trading break. The counter was among the top 10 most heavily traded by volume at the time, with 17.1 million securities transacted. 

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