The Business Times
business-time-50
BROKERS’ TAKE
·
SUBSCRIBERS

Maybank initiates ‘buy’ coverage on Soon Hock with S$0.75 target

The real estate player’s profit is expected to surge, given its project pipeline

Summarise
google-preferred-sourceAdd BT as a preferred source
Young Zhan Heng

Young Zhan Heng

Published Wed, Jan 14, 2026 · 12:59 PM
阅读简体中文版 (beta)
    • Soon Hock's en bloc purchase at Shaw Road (above) has helped it maintain its strong market position.
    • Soon Hock's en bloc purchase at Shaw Road (above) has helped it maintain its strong market position. ILLUSTRATION: SOON HOCK GROUP

    [SINGAPORE] Maybank Research has initiated coverage on industrial real estate specialist Soon Hock Enterprise with a target price of S$0.75, citing strong visible earnings from its development pipeline and a strengthening manufacturing sector.

    The target price represents a potential upside of about 20 per cent from the counter’s closing price of S$0.63 on Tuesday (Jan 13).

    In a Tuesday report, analyst Toh Xuan Hao said the group’s net profit is forecast to accelerate at a three-year compound annual growth rate of 299 per cent between FY2024 and FY2027.

    Soon Hock EnterpriseBrokers' Take

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    The most striking aspect of the Paragon deal is that the manager of CICT seems less fazed by the ageing property’s need for an asset enhancement initiative than Cuscaden Peak.

    Paragon deal: Why investors should get ready for more Reit mergers and take-private offers

    The message was sent with addresses under the carbon copy feature instead of blind carbon copy, meaning that all recipients could see all the other e-mail addresses in the chain. 

    LTA apologises for e-mail gaffe in circular sent to EV charger owners

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More