Growth Outlook, Order Book, and Post-Guthrie Acquisition Forecast – Minichart
Broker Name: CGS International
Date of Report: November 18, 2025
Excerpt from CGS International report.
Report Summary
- Ever Glory United Holdings (EGUH) is poised for strong growth following its acquisition of Guthrie Engineering, which significantly expands its project capacity and enables bidding for larger, high-profile public sector contracts.
- The company’s order book is forecast to surge from S\$110m in FY24 to S\$660m by end-2025 and potentially S\$1bn by 2026, driven by major public infrastructure and healthcare projects in Singapore’s construction upcycle.
- Net profit is projected to rise sharply from S\$9m in FY24 to S\$14m in FY25, S\$24m in FY26, and S\$27m in FY27, implying a robust 44% CAGR over…
