0347 GMT - Huationg Global's robust order book of S$535 million as at end-2025 underpins its strong earnings momentum, UOB Kay Hian analysts say in a research report. It continues to participate in Singapore's public infrastructure projects, such as Changi Airport Terminal 5, the Cross Island MRT line and Tuas mega port. There is also potential upside from tenders for Tengah Air Base, Pulau Tekong and future Changi developments. UOB Kay Hian adds that the civil engineering solutions provider has re-entered the dormitory segment, with a new management contract for a 4,000-bed government-built facility. The brokerage lifts its 2026-2027 revenue forecasts for the company by 16%-18%. It raises the stock's target price to S$1.23 from S$1.15, with an unchanged buy rating. Shares are 1.2% higher at S$0.86. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 12, 2026 23:48 ET (03:48 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.