Singapore's Wee Hur Holdings interim revenue rises on higher construction, dormitory revenue

Wee Hur Holdings

14/08/2026 11:32

Overview
Singapore construction and property developer's interim revenue for six months rose 5% yr/yr
Net income for the six-month period increased 8% yr/yr
Gross profit declined 16% yr/yr due to higher cost of sales

Outlook
Company did not provide specific financial guidance or outlook in the available sections

Result Drivers
HIGHER CONSTRUCTION REVENUE - Co said revenue increased mainly due to higher progressive revenue recognition from ongoing construction projects
PIONEER LODGE CONTRIBUTION - Co said workers' dormitory revenue increased mainly due to contribution from Pioneer Lodge, in addition to existing operations at Tuas View Dormitory

Company press release: ID:nSN5dVV0j

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
S$163.56 mln
 
H1 Net Income
 
S$46.40 mln
 
H1 Gross Profit
 
S$70.96 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for Wee Hur Holdings Ltd is S$0.93, about 40.2% above its August 13 closing price of S$0.66
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
Aug 14 - Singapore's BBR Holdings half-year revenue, net income decline
Aug 13 - Singapore's Tiong Seng swings to profit in H1
Aug 13 - Singapore's Engro H1 revenue surges on higher construction demand in Singapore, Malaysia

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)