Construction Recovery, Dividend Upside & 24% Target Price Growth (2025) – Minichart
Broker Name: Lim & Tan Securities
Date of Report: 27 October 2025
Excerpt from Lim & Tan Securities report.
Report Summary
- KSH Holdings is expected to benefit from Singapore’s construction sector recovery, with gross margins rebounding and a strong order book pipeline projected to exceed S\$500 million. The company has turned around negative margins from legacy projects and is forecasted to deliver net profits of S\$17–21 million in the next two years.
- Supported by a strong net cash position, attractive dividend yield, and ongoing contributions from successful local property development projects, KSH Holdings is well-positioned for growth. The broker initiates an “Accumulate” rating with a SOTP-based target…
