Price Target Changed • Jul 08
Price target decreased by 14% to S$1.11 Down from S$1.28, the current price target is an average from 4 analysts. New target price is 68% above last closing price of S$0.66. Stock is up 203% over the past year. The company is forecast to post earnings per share of S$0.24 for next year compared to S$0.38 last year. Upcoming Dividend • May 05
Upcoming dividend of S$0.025 per share Eligible shareholders must have bought the stock before 12 May 2026. Payment date: 28 May 2026. Payout ratio is a comfortable 7.8% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Singaporean dividend payers (5.0%). Higher than average of industry peers (2.3%). Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Lead Independent Director Wee Kiong Chee was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Apr 17
Now 21% undervalued Over the last 90 days, the stock has risen 14% to S$1.05. The fair value is estimated to be S$1.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are also forecast to grow by 8.1% per annum over the same time period. Reported Earnings • Apr 11
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: S$0.39 (up from S$0.17 in FY 2024). Revenue: S$590.7m (up 51% from FY 2024). Net income: S$63.6m (up 139% from FY 2024). Profit margin: 11% (up from 6.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Construction industry in Singapore. Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has only increased by 115% per year, which means it is significantly lagging earnings growth. Declared Dividend • Apr 08
Final dividend of S$0.025 announced Shareholders will receive a dividend of S$0.025. Ex-date: 12th May 2026 Payment date: 28th May 2026 Dividend yield will be 3.0%, which is lower than the industry average of 4.6%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Mar 15
Consensus EPS estimates fall by 22% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from S$0.315 to S$0.246 per share. Revenue forecast steady at S$698.3m. Net income forecast to grow 19% next year vs 19% growth forecast for Construction industry in Singapore. Consensus price target broadly unchanged at S$1.28. Share price rose 5.8% to S$1.00 over the past week. Reported Earnings • Feb 27
Full year 2025 earnings released: EPS: S$0.39 (vs S$0.042 in FY 2024) Full year 2025 results: EPS: S$0.39 (up from S$0.042 in FY 2024). Revenue: S$590.7m (up 51% from FY 2024). Net income: S$63.6m (up 139% from FY 2024). Profit margin: 11% (up from 6.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Construction industry in Singapore. Over the last 3 years on average, earnings per share has increased by 147% per year but the company’s share price has only increased by 131% per year, which means it is significantly lagging earnings growth. Announcement • Feb 19
Soilbuild Construction Group Ltd. (SGX:ZQM) acquired 25% stake in 40 Mount Street, North Sydney from M&G plc for AUD 90.7 million. Soilbuild Construction Group Ltd. (SGX:ZQM) acquired 25% stake in 40 Mount Street, North Sydney from M&G plc for AUD 90.7 million on February 18, 2026. The remaining 75% interest in the building is co-owned by Investa’s commercial property fund, ICPF.
Samuel Brown, Reilly King, Christina Tohme, Prudence Birchall, Harsharan Gill, Nam Nguyen, Matthew Cridland, Alyse McDermott, Ayman Guirguis and Jenna Yim of K & L Gates acted as legal advisor for Soilbuild Construction Group Ltd.
Soilbuild Construction Group Ltd. (SGX:ZQM) completed the acquisition of 25% stake in 40 Mount Street, North Sydney from M&G plc on February 18, 2026. Price Target Changed • Feb 14
Price target increased by 23% to S$1.26 Up from S$1.03, the current price target is an average from 3 analysts. New target price is 22% above last closing price of S$1.03. Stock is up 428% over the past year. The company is forecast to post earnings per share of S$0.081 for next year compared to S$0.042 last year. New Risk • Jan 11
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. New Risk • Oct 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to S$3.55, the stock trades at a trailing P/E ratio of 12.4x. Average forward P/E is 13x in the Construction industry in Singapore. Total returns to shareholders of 915% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to S$2.80, the stock trades at a trailing P/E ratio of 9.8x. Average forward P/E is 13x in the Construction industry in Singapore. Total returns to shareholders of 512% over the past three years. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to S$2.12, the stock trades at a trailing P/E ratio of 7.4x. Average forward P/E is 10x in the Construction industry in Singapore. Total returns to shareholders of 399% over the past three years. Reported Earnings • Aug 15
First half 2025 earnings released: EPS: S$0.17 (vs S$0.05 in 1H 2024) First half 2025 results: EPS: S$0.17 (up from S$0.05 in 1H 2024). Revenue: S$272.8m (up 77% from 1H 2024). Net income: S$28.3m (up 283% from 1H 2024). Profit margin: 10% (up from 4.8% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Construction industry in Singapore. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 14
First half dividend of S$0.02 announced Shareholders will receive a dividend of S$0.02. Ex-date: 2nd September 2025 Payment date: 15th September 2025 Dividend yield will be 2.2%, which is lower than the industry average of 4.6%. Payout Ratios Payout ratio: 7%. Cash payout ratio: 6%. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to S$1.33, the stock trades at a trailing P/E ratio of 8.3x. Average forward P/E is 10x in the Construction industry in Singapore. Total returns to shareholders of 68% over the past year. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to S$1.02, the stock trades at a trailing P/E ratio of 6.3x. Average forward P/E is 13x in the Construction industry in Singapore. Total returns to shareholders of 71% over the past three years. Upcoming Dividend • Apr 29
Upcoming dividend of S$0.02 per share Eligible shareholders must have bought the stock before 06 May 2025. Payment date: 19 May 2025. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Singaporean dividend payers (6.0%). Lower than average of industry peers (3.7%). Reported Earnings • Apr 10
Full year 2024 earnings released: EPS: S$0.17 (vs S$0.055 in FY 2023) Full year 2024 results: EPS: S$0.17 (up from S$0.055 in FY 2023). Revenue: S$391.8m (up 58% from FY 2023). Net income: S$26.6m (up 263% from FY 2023). Profit margin: 6.8% (up from 3.0% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Declared Dividend • Apr 06
Final dividend of S$0.02 announced Shareholders will receive a dividend of S$0.02. Ex-date: 6th May 2025 Payment date: 19th May 2025 Dividend yield will be 2.7%, which is lower than the industry average of 4.6%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 05
Soilbuild Construction Group Ltd., Annual General Meeting, Apr 23, 2025 Soilbuild Construction Group Ltd., Annual General Meeting, Apr 23, 2025, at 14:30 Singapore Standard Time. Location: 1 tai seng avenue, blk f 02-26/28, singapore 536464, Singapore New Risk • Mar 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (50% net debt to equity). Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (S$127.4m market cap, or US$95.7m). New Risk • Mar 10
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 1.4% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.4% operating cash flow to total debt). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: S$0.17 (vs S$0.055 in FY 2023) Full year 2024 results: EPS: S$0.17 (up from S$0.055 in FY 2023). Revenue: S$391.8m (up 58% from FY 2023). Net income: S$26.6m (up 263% from FY 2023). Profit margin: 6.8% (up from 3.0% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. New Risk • Dec 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$12.7m (US$9.48m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.4% operating cash flow to total debt). Market cap is less than US$10m (S$12.7m market cap, or US$9.48m). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). New Risk • Oct 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: S$130.4m (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.4% operating cash flow to total debt). Minor Risks Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (S$130.4m market cap, or US$99.4m). Announcement • Sep 26
Soilbuild Construction Group Ltd. Announces Executive Changes Soilbuild Construction Group Ltd. announced the appointment of Ms. Chan Wan Mei as its company secretary, in place of Ms. Lee Bee Fong with effect from 26 September 2024. Recent Insider Transactions Derivative • Jul 10
Executive Chairman exercised options to buy S$13m worth of stock. On the 4th of July, Chap Huat Lim exercised options to buy 149m shares at a strike price of around S$0.073, costing a total of S$11m. This transaction amounted to 13% of their direct individual holding at the time of the trade. Since December 2023, Chap Huat's direct individual holding has increased from 1.15b shares to 1.17b. Company insiders have collectively bought S$11m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Apr 27
Soilbuild Construction Group Ltd. Approves First and Final Tax- Exempt (One-Tier) Dividend for the Financial Year Ended 31 December 2023 Soilbuild Construction Group Ltd. announced that at its AGM held on 26 April 2024, the shareholders approved the first and final tax- exempt (one-tier) dividend of SGD 0.001 per share for the financial year ended 31 December 2023. Reported Earnings • Apr 12
Full year 2023 earnings released: EPS: S$0.006 (vs S$0.038 loss in FY 2022) Full year 2023 results: EPS: S$0.006 (up from S$0.038 loss in FY 2022). Revenue: S$247.4m (flat on FY 2022). Net income: S$7.32m (up S$39.0m from FY 2022). Profit margin: 3.0% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Apr 09
Soilbuild Construction Group Ltd., Annual General Meeting, Apr 26, 2024 Soilbuild Construction Group Ltd., Annual General Meeting, Apr 26, 2024, at 14:30 Singapore Standard Time. Location: 1 Tai Seng Avenue, Blk F #02-26/28, Singapore 536464 Singapore Singapore Agenda: To receive and adopt the Audited Financial Statements for the financial year ended 31 December 2023 and the Directors' Statement and Independent Auditor's Report thereon; to declare a first and final tax-exempt (one-tier) dividend of S$0.001 per share for the financial year ended 31 December 2023; to approve the Additional Directors' fee for the financial year ended 31 December 2023; and to discuss other matters. Announcement • Mar 07
Soilbuild Construction Group Ltd. Announces Resignation of Ong Eng Hwa as Chief Executive Officer, Construction Business Soilbuild Construction Group Ltd. announced the resignation of Mr. Ong Eng Hwa as Chief Executive Officer, Construction Business. Role And Responsibilities: Mr. Ong was responsible for running the day-to-day operations of the Company's and the Group's construction business, and was responsible for implementing the Company's and the Group's strategies and policies. Reason For Cessation: To pursue his personal interests. The Audit Committee, Nominating Committee and the Board of Directors are not aware of any other material reasons for the cessation of Mr. Ong as the Chief Executive Officer, Construction Business. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: S$0.006 (vs S$0.038 loss in FY 2022) Full year 2023 results: EPS: S$0.006 (up from S$0.038 loss in FY 2022). Revenue: S$247.4m (flat on FY 2022). Net income: S$7.32m (up S$39.0m from FY 2022). Profit margin: 3.0% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Feb 21
Soilbuild Construction Group Ltd. Provides Preliminary Unaudited Consolidated Earnings Guidance for the Financial Year Ended 31 December 2023 Soilbuild Construction Group Ltd. provided preliminary unaudited consolidated earnings guidance for the financial year ended 31 December 2023. For the period, the Group is expected to report a net profit after tax for FY2023, as compared to an audited net loss after tax for the financial year ended 31 December 2022. The expected net profit after tax for FY2023 is mainly attributed to, among others, the recovery of the Group's operations from the adverse impact of COVID-19 from the prior financial years. Announcement • Feb 20
Soilbuild Construction Group Ltd. to Report Fiscal Year 2023 Results on Feb 28, 2024 Soilbuild Construction Group Ltd. announced that they will report fiscal year 2023 results on Feb 28, 2024 Reported Earnings • Aug 13
First half 2023 earnings released: EPS: S$0.001 (vs S$0.004 loss in 1H 2022) First half 2023 results: EPS: S$0.001 (up from S$0.004 loss in 1H 2022). Revenue: S$128.7m (down 9.5% from 1H 2022). Net income: S$1.36m (up S$5.07m from 1H 2022). Profit margin: 1.1% (up from net loss in 1H 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year. New Risk • Jun 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 75% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Minor Risk Market cap is less than US$100m (S$51.5m market cap, or US$38.5m). Recent Insider Transactions • Jun 16
Group CEO & Executive Director recently bought S$453k worth of stock On the 14th of June, Han Ren Lim bought around 12m shares on-market at roughly S$0.038 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Han Ren has been a buyer over the last 12 months, purchasing a net total of S$875k worth in shares. Announcement • Jun 10
Soilbuild Construction Group Ltd. has completed a Follow-on Equity Offering in the amount of SGD 11.188434 million. Soilbuild Construction Group Ltd. has completed a Follow-on Equity Offering in the amount of SGD 11.188434 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 294,432,468
Price\Range: SGD 0.038
Transaction Features: Rights Offering Announcement • May 26
Soilbuild Construction Group Ltd. Announces Resignation of Ganessaraj Soocelaraj as Group Chief Executive Officer Soilbuild Construction Group Ltd. announced the Resignation of Mr. Ganessaraj Soocelaraj as Group Chief Executive Officer. Role And Responsibilities: Mr. Ganesh was responsible for the overall management and business development of the Company and the Group. Through his previous appointments across the Group, he has been instrumental in developing and charting the prefabrication, digital, sustainable, and innovation strategies to systematically improve operations for the Group. Mr. Ganesh was pivotal in spearheading the setting up of the precast and prefabrication division for the Group, including setting up manufacturing facilities such as the automated precast plant at the Soilbuild Prefab Innovation Hub (also known as the Integrated Construction and Prefabrication Hub (‘ICPH’)), the manufacturing facility for precast components in Pontian, Malaysia, and the precast yard at Pulau Punggol Timor in Singapore. To further amplify the significance of the prefabrication division within the construction value chain, he determinedly pushed towards successfully obtaining the prefabricated mechanical, electrical and plumbing (‘MEP’) accreditation license issued by the Specialists Trade Alliance of Singapore (‘STAS’) for the Group. His other significant contribution was the initiation of the Group's digitalisation journey, which continues to be a work in progress. This effort was set in motion with a tiered digital roadmap for the Group, which has allowed the Group to discerningly evaluate the various digital platforms and technologies for incremental adoption and gestation over time. Mr. Ganesh steered the Group towards an organisational learning culture by beginning the collaboration vision with local institutions for research and development projects. A firm believer that the Group is in the people business, Mr. Ganesh was passionate about pursuing a Memorandum of Understanding (‘MOU’) with Institute of Technical Education (‘ITE’), for providing relevant courses to support growing human capital with the critical skillsets needed in the construction industry. The Group will provide its technical expertise to support ITE in developing their training curriculum and resources on precast and prefabrication processes as well as digital workflow in building construction. It will also share with ITE appropriate building information models (architectural, civil, structural, mechanical and electrical) to adopt as case studies so that their students can learn through real-world, authentic examples. Another initiative will be to co-develop and co-deliver training courses for adult learners and contribute towards upskilling those working in the Built Environment (‘BE’) industry. Other DirectorShips Past: Precast Concrete Pte. Ltd. Precast Concrete Builders Pte. Ltd. SB Procurement Pte. Ltd. Soil-Build (Pte.) Ltd. Soilbuild Construction International Pte. Ltd. Soilbuild Construction Engineering Pte. Ltd. Soilbuild E&C Pte. Ltd. Precast Concrete (M) Sdn Bhd Precast Concrete (Pontian) Sdn Bhd Precast Concrete Concrete Builder (India) Private Limited Solstice Development Pte. Ltd. Other DirectorShips Present: Futsalarena@Yishun Limited. Reason For Cessation: To pursue his personal interests. The Audit Committee, Nominating Committee and the Board of Directors are not aware of any other material reasons for the resignation of Mr. Ganesh as the Group Chief Executive Officer (‘Group CEO’) of Soilbuild Construction Group Ltd. (the ‘Company’) and its subsidiaries (the ‘Group’). Reported Earnings • Apr 10
Full year 2022 earnings released: S$0.038 loss per share (vs S$0.003 loss in FY 2021) Full year 2022 results: S$0.038 loss per share (further deteriorated from S$0.003 loss in FY 2021). Revenue: S$248.4m (down 3.8% from FY 2021). Net loss: S$31.7m (loss widened S$29.1m from FY 2021). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 07
Full year 2022 earnings released: S$0.038 loss per share (vs S$0.003 loss in FY 2021) Full year 2022 results: S$0.038 loss per share (further deteriorated from S$0.003 loss in FY 2021). Revenue: S$248.4m (down 3.8% from FY 2021). Net loss: S$31.7m (loss widened S$29.1m from FY 2021). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 02
Full year 2022 earnings released: S$0.038 loss per share (vs S$0.003 loss in FY 2021) Full year 2022 results: S$0.038 loss per share (further deteriorated from S$0.003 loss in FY 2021). Revenue: S$248.4m (down 3.8% from FY 2021). Net loss: S$31.7m (loss widened S$29.1m from FY 2021). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Feb 02
Soilbuild Construction Group Ltd. Appoints Ong Eng Hwa as Chief Executive Officer, Construction Business Soilbuild Construction Group Ltd. Appointed Ong Eng Hwa as CEO. The Board of Directors of the Company, having considered the recommendation of the Nominating Committee and having reviewed and considered Mr. Ong's qualifications and work experience, are of the view that Mr. Ong possessed the requisite experience and capabilities to assume the responsibilities of Chief Executive Officer, Construction Business of the Company and the Group. Accordingly, the Nominating Committee recommended, and the Board has approved, the promotion of Mr. Ong from Chief Strategy Officer to Chief Executive Officer, Construction Business. Role And Responsibilities The appointment is executive. Upon his promotion to Chief Executive Officer, Construction Business, Mr. Ong will oversee the day-to-day operations of the construction business and is responsible for implementing the Company and the Group's strategies and policies. Job Title Chief Executive Officer, Construction Business Working Experience 2022 to 2023: Chief Strategy Officer at Soilbuild Construction Group Ltd. 2019 to 2022: Head of Building at Gammon Pte. Limited 2016 to 2018: Project Director at CHH Construction System Pte. Ltd. 2015 to 2016: Chief Operating Officer at ACP Construction Pte. Ltd. 1994 to 2016: Various roles with last appointment being Project Director (Business Unit Head) at Tiong Seng Contractors (Private) Limited. Recent Insider Transactions • Jan 21
Executive Director recently bought S$422k worth of stock On the 18th of January, Han Ren Lim bought around 14m shares on-market at roughly S$0.031 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought S$425k more in shares than they have sold in the last 12 months. Board Change • May 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Lead Independent Director Samuel Poon was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 02
Soilbuild Construction Group Ltd. Appoints Ng Fook Ai Victor as an Independent Director Soilbuild Construction Group Ltd. approved appointment of Mr. Ng Fook Ai Victor as an Independent Director of the Company, Mr. Ng Fook Ai Victor will be also be appointed as a member of the Audit Committee, Nominating Committee and Remuneration Committee. Reported Earnings • Apr 06
Full year 2021 earnings released: S$0.003 loss per share (vs S$0.034 loss in FY 2020) Full year 2021 results: S$0.003 loss per share (up from S$0.034 loss in FY 2020). Revenue: S$258.3m (up 73% from FY 2020). Net loss: S$2.63m (loss narrowed 91% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Announcement • Apr 02
Soilbuild Construction Group Ltd., Annual General Meeting, Apr 26, 2022 Soilbuild Construction Group Ltd., Annual General Meeting, Apr 26, 2022, at 10:00 Singapore Standard Time. Agenda: To receive and adopt the Audited Financial Statements of the Company for the financial year ended 31 December 2021 and the Directors' Statement and Independent Auditor's Report thereon; to approve the Directors' fees of SGD 260,000 for the financial year ending 31 December 2022; to re-elect the Directors; to re-appoint PricewaterhouseCoopers LLP as auditor of the Company to hold office until the next Annual General Meeting of the Company and to authorise the Directors to fix their remuneration; to consider authority to allot and issue shares; and to consider any other matters. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: S$0.003 loss per share (up from S$0.034 loss in FY 2020). Revenue: S$258.3m (up 73% from FY 2020). Net loss: S$2.63m (loss narrowed 91% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 15% per year. Board Change • Jan 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Lead Independent Director Samuel Poon was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Independent Director Terence Teo was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Nov 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Independent Director Terence Teo was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Apr 04
Full year 2020 earnings released: S$0.034 loss per share (vs S$0.012 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: S$148.9m (down 37% from FY 2019). Net loss: S$28.7m (loss widened 214% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Jan 08
Soilbuild Construction Group Ltd. Appoints Tan Hee Wee as Chief Executive Officer, Construction Business Soilbuild Construction Group Ltd. announced the appointment of Mr. Tan Hee Wee as Chief Executive Officer, Construction Business. The appointment is executive. Upon his appointment as Chief Executive Officer, Construction Business of the Company and the Group, Mr. Tan will be responsible for running the day to day operations of the Company's and the Group's construction business, including civil and building construction, and implementing the Company s and Group s strategies and policies. Announcement • Nov 07
Soilbuild Construction Group Ltd. Announces the Retirement of Winny Monica Oei as Chief Commercial Officer Soilbuild Construction Group Ltd. announced the retirement of Winny Monica Oei as Chief Commercial Officer. Announcement • Aug 07
Soilbuild Construction Group Ltd. to Report First Half, 2020 Results on Aug 11, 2020 Soilbuild Construction Group Ltd. announced that they will report first half, 2020 results on Aug 11, 2020 
