Soilbuild warrants - leveraged play on construction sector
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THE property market looks like it's picking up steam with the number of en bloc deals that are being struck. On Thursday for example came news that Amber Park has been sold en bloc and on Friday, it was Normanton Park. This then begs the interesting issue of whether the flow-through will benefit construction firms. If so, then casting our eye on the construction sector for interesting, long-dated warrants, we come across Soilbuild Construction Group, which has warrants in issue.
The company on its website says that its subsidiary, Soil-Build Pte Ltd is, "A1-graded under CW01 (General Building) and A2-graded under CW02 (Civil engineering) by the Building and Construction Authority (BCA)''.
"The A1 grading under CW01 allows us to tender for public sector projects in Singapore of unlimited contract value, while the A2 grading under CW02 allows us to tender for public sector civil engineering projects valued up to S$90 million,'' said the company.
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