The Business Times

Ever Glory United Holdings

Opinion & Features
HOCK LOCK SIEW

Barging blindly into Singapore’s construction boom could be a bust for some investors

Those dipping their toes in now are no longer buying the boom, but betting that these companies can manage their costs

This comes after the proposed listing transfer received shareholder approval at an extraordinary general meeting, with around 99.8% of the votes cast in favour of the resolution.
Companies & Markets

Ever Glory United to move to SGX mainboard on Dec 29; public offer 7.6 times subscribed

Application monies received amount to around S$9.8 million

Construction demand in the Republic is projected at S$47 billion to S$53 billion in 2025, driven by mega projects such as the Cross Island Line.
Companies & Markets
BROKERS’ TAKE

KGI starts Ever Glory at ‘outperform’ with S$1.20 target amid high construction demand in Singapore

Its asset-light model and careful working-capital management enable disciplined expansion, says analyst

The offer price of S$0.64 per share represents a 9.1% discount to the volume-weighted average price of S$0.704 for trades done on Dec 9.
Companies & Markets

Ever Glory to offer 2 million new shares at S$0.64 each ahead of proposed transfer to mainboard

It will raise around S$1.2 million in net proceeds if the offer is fully subscribed

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