SGX: 41B · Information cut-off 24 September 2026
Huationg Global is an SGX Catalist-listed (41B) Singapore civil-engineering contractor doing earthworks, demolition, excavation, drainage and roadworks for public agencies and main contractors, with its own fleet, a supporting inland-logistics and materials lane, and a restarted dormitory business.
FY2025 (audited) revenue was S$298.843m, profit before tax S$24.685m and earnings per share 10.80 cents, while 1H2026 (reviewed) revenue of S$197.799m rose 64 per cent but gross margin fell to 9.7 per cent from 17.5 per cent and operating cash turned negative at S$24.382m.
The central risk is that the funding model has inverted: contract liabilities fell to S$4.103m at 30 June 2026 from S$50.687m six months earlier, the net contract position absorbed S$54.080m in the half, cash fell to S$66.800m while loans and borrowings rose to S$99.402m, and the S$58.0m dormitory development must come from the same balance sheet.
The next test is the FY2026 results in February 2027: whether gross margin holds near the 9.7 per cent of the latest half or recovers toward the 16.5 per cent of FY2025, and whether contract liabilities rebuild from S$4.103m while the S$553m order book converts.
Huationg Global Limited is the SGX Catalist-listed civil-engineering group behind the Huationg Contractor earthworks fleet, a materials yard, an inland-logistics support lane and a worker-dormitory business that is being rebuilt. This page records what the filings show across the audited years FY2023 to FY2025 and the reviewed half-year to 30 June 2026: a record order book, a gross margin that halved in the latest half, a funding model that has moved from customer-funded to bank-funded, and the dormitory restart through an HDB tenancy and a new S$58.0m development.
Public evidence is below. The authenticated private research library holds a release-state record for this company. It carries no current decision, fair value or investment action. Private research status.
Community questions for Huationg Global
The live questionDoes the civil-engineering engine convert its record order book into cash while the dormitory restart and the trust-receipt funding line are rebuilt?Contract liabilities fell to S$4.103m at 30 June 2026 from S$50.687m six months earlier, the half absorbed S$54.080m into the net contract position, and cash fell to S$66.800m while loans and borrowings rose to S$99.402m.
Revenue rose to S$298.843m in FY2025 and S$197.799m in the first half of 2026, up 64 per cent, on civil-engineering work that was 93.5 per cent of FY2025 external revenue, with an order book of about S$553m at 30 June 2026.
Gross margin halved to 9.7 per cent in the first half of 2026 from 17.5 per cent, operating cash turned negative at S$24.382m, and two anonymous customers billed S$164.316m in FY2025, 58.8 per cent of civil-engineering revenue.
The cash absorption is consistent with the billing timing and the lower advance billings for certain projects that the company cites as much as with slower collection, and the working-capital swing is read from two balance-sheet lines and one cash-flow line.
The FY2026 full-year results and the FY2026 annual report will show whether contract liabilities rebuild from S$4.103m and how the S$58.0m dormitory development is funded.
Drawn from the evidence on this page: the improvement, the constraint, the benign reading and the fact that would settle it. It states no view on the shares.
Private working materials are not published or available for sharing. This public page contains factual evidence and open questions only. Private research status records that no current decision authority is available.
Business anatomy · from inputs to customer value
The group wins public earthworks contracts, executes them with its own fleet, feeds the sites from its materials and logistics lanes, and turns certified progress billings into cash.
Follow the operating chain from demand or inputs to customer outcome and cash.
Contract awardTender
What happensThe group tenders for public earthworks, drainage and road contracts under its A1 registration, and works the award in stages.
Commercial triggerCivil engineering was 93.5 per cent of FY2025 external revenue: S$279.309m of S$298.843m.
Revenue engineExecution
What happensOwned machines excavate, drain and pave the works, with materials and plant moved in by the group's logistics lane.
How it earnsOrder book: about S$535m at 31 December 2025 and S$553m at 30 June 2026.
Business lineSupport lanes
What happensThe materials and inland-logistics lanes supply the group's own sites, and the dormitory lane runs the restarted HDB tenancy.
How it earnsInland logistics and materials ran mostly inter-segment, at 56.9 and 81.4 per cent of FY2025 revenue.
Cash conversionCash conversion
What happensProgress billings are certified and invoiced, and the contract position moves the cash as advance billings and milestone timing shift.
Cash triggerContract liabilities fell to S$4.103m at 30 June 2026 as operating cash turned negative at S$24.382m.
Investor translation
Four questions connect the business model to cash and balance-sheet risk. This is a factual reading aid, not a valuation or recommendation.
Huationg Global Limited is a Singapore civil-engineering contractor listed on the Catalist board of the Singapore Exchange (stock code 41B). The group describes a full-service integrated civil-engineering business: earthworks, demolition, excavation, drainage, roadworks and related stockpile-site works for public agencies and main contractors, carried out with its own plant fleet and fed by a materials and logistics lane. Four segments are reported: civil engineering contract works, inland logistics support, sales of construction materials and dormitory operation. Financial years end on 31 December.
The page is built from the issuer's own disclosure stream: a mirror of the SGXNET tape carrying 251 announcement rows from 1 December 2014 to 22 September 2026, 225 filing PDFs and 344 retained text extractions, including the offer document behind the December 2014 listing, the FY2023 to FY2025 annual reports, the FY2026 half-year statements and the announcements of August and September 2026. The FY2025 accounts were audited by Baker Tilly TFW with an unmodified opinion and two key audit matters, revenue recognition on civil-engineering contracts and the expected-credit-loss allowance; the half-year statements are reviewed and are announced through the sponsor, PrimePartners.
Ownership is concentrated. Dandelion Capital Pte. Ltd., the vehicle of the Ng family, held about 68.7 per cent at the FY2024 annual report, when the disclosed free float was 22.98 per cent. The February 2026 placement took the issued share count from 177,239,600 to 189,039,600, and Dandelion to 64.41 per cent at the substantial-shareholder notice of 4 February 2026; at the FY2025 annual report date, 25 March 2026, the register shows Dandelion at 64.41 per cent (121,759,600 shares), Patrick Ng directly at 7.74 per cent and a free float of 27.66 per cent. Daily buy-backs from July to September 2026 then took issued shares excluding treasury to 188,024,000.
Sources: Listing announcement, 1 December 2014 · Annual report FY2025, 13 April 2026
Civil engineering contract works are the engine: 93.5 per cent of FY2025 external revenue, S$279.309m of S$298.843m, at a reported segment result of S$21.317m. The support lanes mostly serve it. In FY2025, 56.9 per cent of inland-logistics revenue and 81.4 per cent of materials revenue were inter-segment, and inter-segment revenue overall fell to S$60.903m from S$174.591m in FY2024, most of the fall in the civil and dormitory lanes. In substance the group is one contracting business with its own supply chain attached.
The dormitory lane ran S$33.594m of FY2024 revenue, the last full year of the 10,400-bed Changi East worker dormitory contract, which ended in August 2024; FY2025 printed nil, and the segment re-entered in 1H2026 with S$9.956m under an HDB tenancy over three dormitories that began in January 2026.
Two anonymous customers billed S$164.316m in FY2025, 58.8 per cent of civil-engineering revenue, the largest alone S$144.922m (51.9 per cent); the FY2024 accounts had shown the largest civil-engineering customer at S$74.6m of S$167.6m of external civil revenue, with the top two at S$93.0m, 55.5 per cent. Demand comes from the public programme: named customers include the Housing & Development Board, the Land Transport Authority, JTC, DSTA and Changi Airport Group, and the FY2025 chairman's statement cites the Building and Construction Authority's projection of S$47-53bn of construction awards for 2026 and S$39-46bn a year for 2027 to 2030.
| Segment | External revenue (S$'000) | Inter-segment revenue (S$'000) | Segment result (S$'000) |
|---|---|---|---|
| Civil engineering contract works | 279,309 | 24,675 | 21,317 |
| Inland logistics support | 16,103 | 21,251 | 1,966 |
| Sales of construction materials | 3,431 | 14,977 | 411 |
| Dormitory operation | 0 | 0 | 0 |
| Group | 298,843 | 60,903 | Profit before tax 24,685 |
Sources: Full-year results FY2025, 27 February 2026 · Half-year results 1H2026, 12 August 2026
Revenue grew through the record, from S$174.591m in FY2023 to S$226.365m in FY2024 and S$298.843m in FY2025, and the first half of 2026 printed S$197.799m against S$120.582m in the first half of 2025, up 64 per cent. Gross profit went the other way in the same half: S$19.142m against S$21.134m, a gross margin of 9.7 per cent against 17.5 per cent, which the company attributes to project mix and higher materials and diesel costs.
Profit attributable to owners was S$7.743m in 1H2026 against S$8.677m a year earlier, down 10.8 per cent, and earnings per share 4.25 cents against 4.90 cents. Cost of sales for the half was S$178.657m; the FY2025 cost lines show materials up 83 per cent and subcontracting up 74 per cent on FY2024.
Cash conversion is where the series turns. Operating cash flow was S$73.929m in FY2023, S$76.830m in FY2024 and S$34.580m in FY2025 before turning negative at S$24.382m in the 2026 half, while operating cash before working-capital movements stayed positive at S$20.853m. The swing sits in the contract position: contract liabilities fell from S$50.687m at 31 December 2025 to S$4.103m at 30 June 2026 while contract assets rose from S$64.640m to S$71.586m, a net absorption of S$54.080m in six months, against S$27.373m absorbed in the whole of FY2025 and releases of S$35.962m and S$29.008m in FY2023 and FY2024. The company attributes the fall in contract liabilities to lower advance billings made for certain civil-engineering projects in the half.
| S$'000 unless stated | FY2023 | FY2024 | FY2025 | 1H2025 | 1H2026 |
|---|---|---|---|---|---|
| Revenue | 174,591 | 226,365 | 298,843 | 120,582 | 197,799 |
| Cost of sales | (128,879) | (185,203) | (249,438) | (99,448) | (178,657) |
| Gross profit | 45,712 | 41,162 | 49,405 | 21,134 | 19,142 |
| Gross margin | 26.2% | 18.2% | 16.5% | 17.5% | 9.7% |
| Profit before tax | 17,569 | 20,002 | 24,685 | 10,675 | 10,182 |
| Profit attributable to owners | 14,274 | 16,356 | 19,141 | 8,677 | 7,743 |
| Earnings per share (cents) | 8.05 | 9.23 | 10.80 | 4.90 | 4.25 |
| S$'000 | FY2023 | FY2024 | FY2025 | 1H2026 |
|---|---|---|---|---|
| Net cash from operating activities | 73,929 | 76,830 | 34,580 | (24,382) |
| Operating cash before working capital | 39,578 | 45,365 | 48,970 | 20,853 |
| Contract-position movement | 35,962 | 29,008 | (27,373) | (54,080) |
| Purchase of property, plant and equipment | (5,067) | (34,427) | (24,700) | (38,717) |
| Net cash used in investing | (4,329) | (33,966) | (22,492) | (41,870) |
| Net cash from (used in) financing | (21,974) | (2,893) | 1,864 | 8,438 |
| Dividends paid | (1,418) | (1,772) | (1,950) | (1,890) |
Sources: Full-year results FY2023, 29 February 2024 · Full-year results FY2024, 28 February 2025 · Half-year results 1H2026, 12 August 2026
One accounting break matters for comparability. In the FY2025 annual report, foreign worker levy costs were reclassified from administrative expenses to cost of sales, moving S$8.3m of the FY2024 comparative between lines; the FY2024 column on this page follows the later audited presentation.
The February 2026 placement issued 11,800,000 new shares at S$0.60, announced on 26 January 2026 and completed on 3 February 2026, with gross proceeds of S$7.08m and net proceeds of S$6,780,817 for working capital, struck at an 8.73 per cent discount to the volume-weighted average price. Issued shares went from 177,239,600 to 189,039,600, the 1H2026 cash-flow statement records S$6.84m as share issuance, and the FY2024 annual report's free float of 22.98 per cent gave way to 27.66 per cent at the FY2025 annual report date. The use-of-proceeds table records S$5.88m unutilised at 12 August 2026.
The dormitory business is being rebuilt in three steps. The Changi East contract ended in August 2024; an HDB tenancy over three dormitories at Lorong Bistari and Tengah Road began in January 2026 for about one year and produced S$9.956m of 1H2026 revenue; and on 7 May 2026 the group announced a development-and-sale arrangement for a purpose-built dormitory on a 4,385 sqm, 45-year leasehold Business 2 site at Lot 8244M Mukim 27, with an estimated gross floor area of about 7,000 sqm and an estimated gross development cost of about S$58.0m including the land, construction expected from 2H2026 to 2H2028, operations targeted for 1H2029, and funding stated as a combination of internal resources and bank borrowings. The wholly owned subsidiary One Changi Pte. Ltd. completed the land acquisition on 30 June 2026; the announcement does not attach a land price, so the S$38.717m of property, plant and equipment purchases in the 1H2026 cash-flow statement is the closest disclosed cash anchor and covers the land and works.
Governance items sit alongside the operating ones. The chief financial officer's cessation was announced on 18 July 2025: Mr Tan Siew Hee had resigned on 20 May 2025 with effect from 19 August 2025, and the sponsor stated there were no financial-reporting concerns or board disagreements; the successor, Ms Tee Siow Hui, was appointed with effect from 1 April 2026, so the 31 December 2025 close and the placement were completed while the seat was vacant. On 7 October 2025 the group announced the acquisition of 60 per cent of NHL Ubi Industrial Pte. Ltd. from NHL Holding Pte. Ltd., an associate of the controlling shareholders, for S$60,000, while the audited FY2025 accounts describe NHL Ubi as an associate with a 49 per cent effective interest, a carrying amount of S$48,000 and no activity in FY2025. Equipment and vehicle leases from related parties continued: S$1.056m from NHL Holding and S$0.122m from NB Auto Pte. Ltd. in 1H2026.
On 14 August 2026 the company announced receipt of a third-party notice: Huationg Contractor was served on 3 August 2026 by Pan-United Concrete Pte. Ltd., which seeks indemnity or contribution for a claim of S$1,488,340.50 plus costs by CJ Resources Pte. Ltd. arising from a barge incident at the Pulau Punggol Aggregate Terminal on 23 January 2024. The company states it will refute the claim and does not expect a material impact on FY2026 earnings per share or net tangible assets.
The company bought back shares on five trading days from 9 July to 15 September 2026 under a mandate approved on 28 April 2026 for up to 18,903,960 shares. The notices cumulatively purchased 1,015,600 shares for S$652,147.05, all held as treasury with no cancellation, taking issued shares excluding treasury from 189,039,600 to 188,024,000.
Sources: Proposed placement at S$0.60, 26 January 2026 · Dormitory development announcement, 7 May 2026 · Cessation of chief financial officer, 18 July 2025 · Acquisition of 60 per cent of NHL Ubi Industrial, 7 October 2025 · Receipt of third-party notice, 14 August 2026 · Daily share buy-back notice, 15 September 2026
Cash was S$124.614m at 31 December 2025 and S$66.800m at 30 June 2026, down S$57.814m in six months. On the other side, bank borrowings grew from S$71.525m to S$80.605m and lease liabilities fell from S$22.459m to S$18.797m, so total loans and borrowings rose to S$99.402m from S$93.984m and the group moved from a net cash position of about S$30.630m at the year end to net debt of about S$32.602m at 30 June 2026.
Trust receipts are the fastest-moving line: S$13.7m at FY2023, S$27.807m at FY2024 and S$37.925m at FY2025, up 36 per cent, under supplier-finance arrangements where the banks pay the group's suppliers and the group repays the banks at 120 days against original supplier terms of 30 to 60 days. Gross proceeds were S$108.513m in FY2025 against repayments of S$98.380m, and S$72.786m in 1H2026 against S$68.964m. Of the FY2025 balance, S$7.359m is disclosed as secured by a first legal assignment of rights under an insurance policy, and the FY2025 note shows bank loans of S$33.600m and trust receipts of S$37.925m inside the S$71.525m total.
Security and currency both matter at this leverage. Secured claims covered 56.3 per cent of loans and borrowings at FY2025 and 44.4 per cent at 1H2026; the half-year note carries bank borrowings of S$80.6m of which approximately S$32.5m is secured, against S$37.9m at the previous year end. FY2025 bank borrowings were 68.8 per cent Swiss franc, 23.8 per cent Japanese yen and 7.3 per cent Singapore dollar, with CHF cash of S$13.9m held against them, and the group discloses a 10 per cent Swiss franc move as about S$4.0m of profit-after-tax exposure. Company-defined gearing, which includes trade and other payables, was 27.1 per cent at FY2025 and recomputes to about 44 per cent at 30 June 2026 on the same formula. The company has issued corporate guarantees of S$187.780m (FY2024: S$235.864m) for banking facilities granted to subsidiaries, of which S$86.422m was utilised at 31 December 2025. Contractual capital commitments at 31 December 2025 were S$3.669m for property, plant and equipment, before the dormitory development.
The maturity table puts S$77.1m of loans and borrowings repayable within one year or on demand at 30 June 2026, 77.6 per cent of the S$99.4m total, with S$22.3m after one year; at FY2025 the same table showed S$65.7m of S$94.0m. Cash covered 0.87 times the within-one-year amount, against 1.90 times at FY2025 on the same calculation. Operating cash before working-capital movements covered finance costs 17.8 times in FY2025 and 18.7 times in 1H2026, and finance costs fell to S$1.114m in the half from S$1.563m a year earlier while cash shrank.
| S$'000 | FY2024 | FY2025 | 1H2026 |
|---|---|---|---|
| Cash and cash equivalents | 110,662 | 124,614 | 66,800 |
| Bank borrowings | 56,436 | 71,525 | 80,605 |
| Lease liabilities | 31,980 | 22,459 | 18,797 |
| Total loans and borrowings | 88,416 | 93,984 | 99,402 |
| of which trust receipts | 27,807 | 37,925 | n/d |
| Net financial position | 22,246 | 30,630 | (32,602) |
Sources: Full-year results FY2025, 27 February 2026 · Half-year results 1H2026, 12 August 2026
Key: Huationg Global Limited (41B) as a solid line; Straits Times Index rebased, dashed; peer median rebased, dotted; filing ticks above the axis; ex-dividend ticks on it; numbered pins are moves with a written note; plain dots are other detected moves.
The five largest single-day moves.
Each move is shown next to the market over the same days (and peers, where shown). News published nearby is in the quarter view; it does not mean the news caused the move.
Index: Straits Times Index. Peers: the median of five listed companies used as a sector check; the notes name them and their limits.
29 Feb 2024 · S$0.15 · FY2023 full-year results: revenue S$174.6m.
The audited full-year results for the year ended 31 December 2023 were announced after the session closed: revenue of S$174.6m and profit attributable to owners of S$14.3m.
Next session (1 Mar): 41B +0.0% · STI −0.2% · peers +0.0%5 Jul 2024 · S$0.16 · Profit guidance: the dormitory segment result was expected to decline after the Changi East contract ended.
The guidance, released after the session closed, states that with the Changi East dormitory contract not renewed the group expected to report a decline in its dormitory operation segment result for FY2024 compared with FY2023.
Next session (8 Jul): 41B −16.9% · STI −0.2% · peers +0.0%14 Aug 2024 · S$0.12 · Half-year results for the period ended 30 June 2024 and interim dividend notice.
The half-year results and the interim dividend notice were released after the session closed.
Next session (15 Aug): 41B +8.8% · STI +0.9% · peers +0.0%10 Feb 2025 · S$0.24 · Profit guidance: FY2024 net profit attributable was expected to improve on FY2023.
The guidance, released after the session closed, states that the group expected an overall improvement in net profit attributable to owners for FY2024 compared with FY2023, based on a preliminary review of unaudited results.
Next session (11 Feb): 41B +12.5% · STI −0.4% · peers +0.0%28 Feb 2025 · S$0.27 · FY2024 full-year results: revenue S$226.4m.
The full-year results for the year ended 31 December 2024 were released after the session closed, with profit attributable to owners of S$16.4m (the audited presentation in the FY2025 annual report carries these figures after foreign worker levy costs were reclassified from administrative expenses to cost of sales).
Next session (3 Mar): 41B −17.0% · STI +0.3% · peers +0.0%13 Aug 2025 · S$0.39 · 1H2025 half-year results: revenue S$120.6m, and an interim dividend notice.
The half-year results for the period ended 30 June 2025 and the interim dividend notice were released after the session closed: revenue of S$120.6m and profit attributable to owners of S$8.7m.
Next session (14 Aug): 41B −3.9% · STI −0.4% · peers −1.4%7 Oct 2025 · S$0.53 · Acquisition of a 60% interest in NHL Ubi Industrial Pte. Ltd.
The group announced the acquisition of a 60% interest in NHL Ubi Industrial Pte. Ltd. for an aggregate consideration of S$60,000 (60,000 shares at S$1), alongside NHL Holding. The FY2025 results note later records the disposal of an 11% interest (11,000 shares) back to NHL Holding for S$11,000, leaving a 49% associate as recorded in the FY2025 annual report; the sell-back date is not disclosed in the record.
Next session (8 Oct): 41B +1.9% · STI −0.4% · peers +0.0%26 Jan 2026 · S$0.66 · Proposed placement of up to 11,800,000 new shares at S$0.60 per share.
The placement agreement with CGS International Securities Singapore Pte. Ltd. as sole placement agent was announced after the session closed: up to 11,800,000 new ordinary shares at S$0.60, a discount of approximately 8.73% to the volume-weighted average price of S$0.6574 for trades done on 23 January 2026.
Next session (27 Jan): 41B +3.8% · STI +1.3% · peers +0.0%3 Feb 2026 · S$0.74 · Placement completed: 11,800,000 new shares issued at S$0.60, raising S$7.08m.
The completion announcement states the 11,800,000 new shares were allotted and issued at S$0.60 per new share and the total issued and paid-up share capital rose from 177,239,600 to 189,039,600 shares; the press release puts the placement at S$7.08m. Released after the session closed.
Next session (4 Feb): 41B +5.4% · STI +0.4% · peers −1.1%27 Feb 2026 · S$0.87 · FY2025 full-year results: revenue S$298.8m, up 32%.
The full-year results for the year ended 31 December 2025 were released after the session closed, with profit attributable to owners of S$19.1m and earnings per share of 10.8 cents.
Next session (2 Mar): 41B −3.4% · STI −2.1% · peers −3.1%13 Apr 2026 · S$0.84 · FY2025 annual report and notice of annual general meeting; subsequent-events note records the HDB dormitory tenancy.
The annual report's subsequent-events note records a tenancy agreement with the Housing & Development Board over three dormitories at Lorong Bistari and Tengah Road for approximately one year from January 2026, the February 2026 placement and the incorporation of One Changi Private Limited. Filed before the market open.
Same session: 41B −1.2% · STI −0.1% · peers +0.0%7 May 2026 · S$0.87 · Proposed dormitory development: One Changi to acquire leasehold land at Mukim 27.
The announcement states that One Changi Private Limited, a wholly owned subsidiary incorporated on 7 March 2026, entered a sale and purchase agreement for land at Lot 8244M of Mukim 27 measuring approximately 4,385 square metres on a 45-year leasehold, with an aggregated estimated gross development cost of approximately S$58.0m; the consideration itself was not disclosed. Deposits of 1% and 4% were paid, with the balance of 95% payable on completion. Released after the session closed.
Next session (8 May): 41B +2.9% · STI −0.4% · peers +1.3%30 Jun 2026 · S$0.68 · Completion of the One Changi land acquisition.
The announcement states that One Changi paid the remaining 95% of the consideration and the acquisition of the Mukim 27 leasehold land completed on 30 June 2026. The 1H2026 results later record S$38.7m of purchases of property, plant and equipment, which the commentary says primarily comprised the dormitory leasehold land and other property, plant and equipment.
Next session (1 Jul): 41B +0.7% · STI −0.2% · peers +0.8%9 Jul 2026 · S$0.69 · Daily share buy-back notices began: 172,800 shares on 9 July 2026.
The first daily buy-back notice under the mandate approved at the annual general meeting on 28 April 2026 records 172,800 shares bought at S$0.69, total consideration including stamp duties and clearing charges S$119,609.27. Four further notices followed to 15 September 2026.
Next session (10 Jul): 41B +0.7% · STI +0.7% · peers +1.4%12 Aug 2026 · S$0.73 · 1H2026 half-year results: revenue S$197.8m, up 64%.
The half-year results for the period ended 30 June 2026 were released after the session closed: revenue of S$197.8m against S$120.6m a year earlier, gross profit of S$19.1m (a gross margin of 9.7% against 17.5%), profit attributable to owners of S$7.7m against S$8.7m, and dormitory revenue of S$10.0m following the commencement of tenancy operations.
Next session (13 Aug): 41B −6.1% · STI −0.0% · peers +0.0%12 Aug 2026 · S$0.73 · Interim dividend notice for the financial year ending 31 December 2026.
The notice, released with the half-year results after the session closed, records the record date and payment date for the interim dividend.
Next session (13 Aug): 41B −6.1% · STI −0.0% · peers +0.0%14 Aug 2026 · S$0.70 · Third-party notice: Pan-United claims indemnity over the Barge MMS 003 incident.
The announcement states that on 3 August 2026 Huationg Contractor Pte Ltd was served a third-party notice by Pan-United Concrete Pte Ltd, with the originating claim, statement of claim and defence in HC/OC 606/2026, in which CJ Resources Pte. Ltd. claims S$1,488,340.50 arising from an incident at the Pulau Punggol Aggregate Terminal on or about 23 January 2024; Pan-United claims indemnity or contribution. The company states it will refute the allegations. Released after the session closed.
Next session (17 Aug): 41B −6.4% · STI +0.4% · peers +0.0%19 Aug 2026 · S$0.62 · Corporate presentation deck for the half year 2026.
The deck restates the half-year results released on 12 August 2026 and adds no new period financials; the register treats it as a non-material development. Filed before the market open.
15 Sep 2026 · S$0.55 · Fifth daily buy-back notice: 1,015,600 shares bought cumulatively for S$652,147.05.
The notice of 15 September 2026 records 194,700 shares bought at S$0.54 to S$0.55, total consideration S$106,416.07, and a cumulative 1,015,600 shares bought across the five daily notices from 9 July 2026 for S$652,147.05 (the sum of the notices), all held as treasury shares and none cancelled. The mandate approved on 28 April 2026 authorised up to 18,903,960 shares.
Next session (16 Sep): 41B +0.0% · STI −0.1% · peers +0.0%22 Sep 2026 · S$0.54 · Chief executive receives the Best Chief Executive Officer Award at the Singapore Corporate Awards 2026.
The press release states that Mr Ng Kian Ann Patrick, executive director and chief executive officer, was awarded the Best Chief Executive Officer Award in the category for companies with a market capitalisation of less than S$300 million. Filed before the market open.
This is a 36-month record of Huationg's dividend-adjusted share-price history, the Straits Times Index control, the session-aligned median of five SGX construction and dormitory comparison names, and the selected issuer filings that carried information. It records what the price did; it does not infer a cause from proximity to a filing.
Large moves were detected mechanically before being matched to issuer filings. The table retains all 37 detected moves. The residual is the move less the Straits Times Index return. The issuer's announcement tape was enumerated from its SGXNET mirror on 24 September 2026 (251 rows, 2014-12-01 to 2026-09-22); broker notes, block trades and substantial-shareholder timing, trade press and index reviews were not examined.
How to read the tags. Sector-wide means the peer median moved with the share over the same session or week and Market-wide means the Straits Times Index did; Residual means the move is still large after both are subtracted, which is the case for every move retained here. A residual is what is left over, not a cause: it does not establish that the company’s own news moved the price, and an unchanged or thinly traded price is not proof that no information arrived. The peer control is the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI). A filing released after the 09:00 open is read against the next session.
Yahoo Finance daily closes for 41B.SI from 25 September 2023 to 24 September 2026 (756 sessions). Returns and thresholds use the split- and dividend-adjusted series; ex-dividend mechanics are therefore not counted as price moves. The Straits Times Index is the market control. The peer control is the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI). Six dividends fell inside the window (ex-dates 7 May 2024, 5 September 2024, 7 May 2025, 4 September 2025, 7 May 2026 and 2 September 2026), and no detected move sits on an ex-date.
The market series is Yahoo Finance daily data for 41B.SI, retrieved 24 September 2026; no second price source was retained. The peer set is five listed names (CSC Holdings, Wee Hur Holdings, Hock Lian Seng Holdings, Koh Brothers Group and Pan-United Corporation): the issuer names no peer group, so the sector control is indicative rather than exact, and the peer median is reported beside the benchmark on every move. The filing record is the issuer's own SGXNET mirror, which carries dates and release times; the third-party notice of 14 August 2026 and the daily share buy-back notices are shown as dated facts, not as causes.
A quarter shows only the columns it has. An empty developments column means: No selected issuer filing carrying information this quarter. An empty moves column means: No session cleared the large-move threshold this quarter.
| # | Session | 41B | STI | Peers | Left over | Control result | What the evidence supports |
|---|---|---|---|---|---|---|---|
| 1 | 25 Oct 2023 | +8.76% | -0.17% | +0.00% | +8.92% | Residual | Against an index move of −0.2% and a peer median of +0.0%, about 9 points are left over; 0.1× median volume. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.00% over this session. |
| 2 | 10 Nov 2023 | -10.76% | -0.91% | +0.00% | -9.85% | Residual | Against an index move of −0.9% and a peer median of +0.0%, about 11 points are left over; 0.1× median volume. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.00% over this session. |
| 3 | 1 Apr 2024 | +7.25% | +0.34% | +1.14% | +6.91% | Residual | Against an index move of +0.3% and a peer median of +1.1%, about 6 points are left over; 97.2× median volume. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +1.14% over this session. |
| 4 | 3 Apr 2024 | +6.08% | -0.77% | +0.00% | +6.85% | Residual | Against an index move of −0.8% and a peer median of +0.0%, about 6 points are left over; 1.3× median volume. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.00% over this session. |
| 5 | 4 Apr 2024 | +5.10% | +0.38% | +0.00% | +4.71% | Residual | Against an index move of +0.4% and a peer median of +0.0%, about 5 points are left over; 1.6× median volume. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.00% over this session. |
| 6 | week to 5 Apr 2024 | +19.57% | -0.18% | +1.49% | +19.74% | Residual | Weekly window, 2024-03-28 to 2024-04-05: against an index move of −0.2% and a peer median of +1.5%, about 18 points are left over. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +1.49% over this window. |
| 7 | 9 Apr 2024 | -9.09% | +0.67% | +0.00% | -9.76% | Residual | Against an index move of +0.7% and a peer median of +0.0%, about 9 points are left over; 1.3× median volume. Coincided with the filing “General Announcement - CHANGES IN THE COMPOSITION OF THE BOARD AND BOARD COMMITTEES” (release order not established). The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.00% over this session. |
| 8 | 26 Apr 2024 | +8.50% | -0.23% | +0.00% | +8.73% | Residual | Against an index move of −0.2% and a peer median of +0.0%, about 8 points are left over; 1.0× median volume. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.00% over this session. |
| 9 | 29 Apr 2024 | -7.23% | +0.06% | +1.64% | -7.29% | Residual | AGM day (29 April 2024): the amendment to the AGM presentation slides and the ESOS status filings were both released after the session closed; no filing precedes the session. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +1.64% over this session. |
| 10 | 8 Jul 2024 | -16.87% | -0.19% | +0.00% | -16.69% | Residual | Against an index move of −0.2% and a peer median of +0.0%, about 17 points are left over; 9.5× median volume. Followed the filing “Financial Statements and Related Announcement - Profit Guidance”, released 5 Jul 2024, 18:08. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.00% over this session. |
| 11 | 9 Jul 2024 | -7.52% | +0.64% | +0.00% | -8.15% | Residual | Against an index move of +0.6% and a peer median of +0.0%, about 8 points are left over; 3.9× median volume. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.00% over this session. |
| 12 | week to 12 Jul 2024 | -20.62% | +2.55% | +0.78% | -23.17% | Residual | Weekly window, 2024-07-05 to 2024-07-12: against an index move of +2.5% and a peer median of +0.8%, about 21 points are left over. The week included the filing “Financial Statements and Related Announcement - Profit Guidance” (5 Jul 2024, 18:08). The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.78% over this window. |
| 13 | 15 Aug 2024 | +8.80% | +0.90% | +0.00% | +7.90% | Residual | Against an index move of +0.9% and a peer median of +0.0%, about 9 points are left over; 5.1× median volume. Followed the filing “Financial Statements and Related Announcement - Half Yearly Results”, released 14 Aug 2024, 20:06. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.00% over this session. |
| 14 | 27 Jan 2025 | +31.90% | -0.20% | +0.00% | +32.10% | Residual | No filing in the window. The session precedes the 10 February 2025 profit guidance; the register records sequence only. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.00% over this session. |
| 15 | week to 31 Jan 2025 | +34.97% | +1.36% | +2.19% | +33.61% | Residual | No filing in the window. The session precedes the 10 February 2025 profit guidance. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +2.19% over this window. |
| 16 | 7 Feb 2025 | +15.91% | +0.81% | +2.44% | +15.10% | Residual | No filing in the window. The session precedes the 10 February 2025 profit guidance. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +2.44% over this session. |
| 17 | 11 Feb 2025 | +12.50% | -0.37% | +0.00% | +12.87% | Residual | Against an index move of −0.4% and a peer median of +0.0%, about 12 points are left over; 9.9× median volume. Followed the filing “Financial Statements and Related Announcement - Profit Guidance”, released 10 Feb 2025, 17:51. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.00% over this session. |
| 18 | 19 Feb 2025 | +11.76% | +0.22% | +0.00% | +11.55% | Residual | No filing in the window; the FY2024 results were released on 28 February 2025, after this session. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.00% over this session. |
| 19 | 3 Mar 2025 | -16.98% | +0.34% | +0.00% | -17.32% | Residual | Against an index move of +0.3% and a peer median of +0.0%, about 17 points are left over; 7.1× median volume. Followed the filing “Financial Statements and Related Announcement - Full Yearly Results”, released 28 Feb 2025, 21:14. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.00% over this session. |
| 20 | week to 17 Apr 2025 | +17.50% | +5.92% | +0.80% | +11.58% | Residual | Weekly window, 2025-04-11 to 2025-04-17: against an index move of +5.9% and a peer median of +0.8%, about 17 points are left over. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.80% over this window. |
| 21 | 5 May 2025 | +11.63% | +0.21% | +0.00% | +11.42% | Residual | Against an index move of +0.2% and a peer median of +0.0%, about 12 points are left over; 1.1× median volume. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.00% over this session. |
| 22 | 3 Jun 2025 | +9.80% | +0.10% | +0.00% | +9.71% | Residual | Against an index move of +0.1% and a peer median of +0.0%, about 10 points are left over; 1.9× median volume. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.00% over this session. |
| 23 | 24 Jun 2025 | +14.04% | +0.65% | +2.27% | +13.39% | Residual | Against an index move of +0.7% and a peer median of +2.3%, about 12 points are left over; 7.2× median volume. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +2.27% over this session. |
| 24 | week to 11 Jul 2025 | +24.56% | +1.85% | +11.58% | +22.71% | Residual | No filing in the window. The largest volume multiple in the window (19.3x median). Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +11.58% over this window. |
| 25 | 15 Jul 2025 | +10.53% | +0.26% | +1.77% | +10.27% | Residual | Against an index move of +0.3% and a peer median of +1.8%, about 9 points are left over; 10.0× median volume. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +1.77% over this session. |
| 26 | week to 22 Aug 2025 | +19.44% | +0.53% | +2.89% | +18.91% | Residual | No filing in the window; the 1H2025 results were released on 13 August 2025, outside the candidate window. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +2.89% over this window. |
| 27 | 25 Aug 2025 | +11.63% | +0.08% | +1.18% | +11.55% | Residual | No filing in the window. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +1.18% over this session. |
| 28 | 22 Dec 2025 | -7.27% | +0.89% | +1.20% | -8.16% | Residual | The −7.3% print came on 0.01x median volume; the register reads it as a thin-market print rather than a re-rating. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +1.20% over this session. |
| 29 | 19 Jan 2026 | +7.89% | -0.29% | +0.00% | +8.19% | Residual | No filing in the window. The session precedes the placement announcement of 26 January 2026. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.00% over this session. |
| 30 | week to 23 Jan 2026 | +15.79% | +0.87% | +2.25% | +14.92% | Residual | No filing in the window. The session precedes the placement announcement of 26 January 2026. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +2.25% over this window. |
| 31 | 3 Feb 2026 | +7.25% | +1.06% | +3.23% | +6.19% | Residual | The placement completion, the press release and the listing-and-quotation notice were released after the session closed (21:50); the rise during the session cannot be tied to their timing and is recorded by date only. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +3.23% over this session. |
| 32 | 23 Mar 2026 | -8.47% | -2.17% | -3.97% | -6.30% | Residual | Against an index move of −2.2% and a peer median of −4.0%, about 4 points are left over; 5.5× median volume. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was -3.97% over this session. |
| 33 | 8 Apr 2026 | +10.19% | +0.77% | +0.00% | +9.42% | Residual | Against an index move of +0.8% and a peer median of +0.0%, about 10 points are left over; 6.7× median volume. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.00% over this session. |
| 34 | 13 Aug 2026 | -6.12% | -0.01% | +0.00% | -6.11% | Residual | Followed the half-year results and the interim dividend notice, both released 12 August 2026 after the close (−6.1%). The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.00% over this session. |
| 35 | 17 Aug 2026 | -6.38% | +0.43% | +0.00% | -6.82% | Residual | The latest preceding filing is the receipt of a third-party notice (14 August 2026, 18:49); the half-year results and interim dividend of 12 August also precede the session (−6.4%). The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.00% over this session. |
| 36 | week to 21 Aug 2026 | -16.31% | -0.95% | -2.27% | -15.36% | Residual | Weekly window, 17 to 21 August 2026: the week included the receipt of a third-party notice (14 August) and the half-year corporate presentation deck (19 August); release order within the week is not established (−16.3%). The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was -2.27% over this window. |
| 37 | 24 Aug 2026 | -6.78% | -0.15% | +0.00% | -6.63% | Residual | No material filing in the window; the daily share buy-back notices of 17 and 19 August are routine disclosures. Price movement is not attributed to a supported catalyst in this record. The Straits Times Index and the peer median are shown beside the move; a residual is what is left over, not a cause. Peer control: the session-aligned median of CSC Holdings (C06.SI), Wee Hur Holdings (E3B.SI), Hock Lian Seng Holdings (J2T.SI), Koh Brothers Group (K75.SI), Pan-United Corporation (P52.SI) was +0.00% over this session. |
The filing record answers the questions it was built to answer. Several that a lender or an owner would ask next stay open, and the evidence that would close them is specific:
The facility schedule: committed limits, expiry dates and undrawn amounts by facility. The covenant package: definitions, levels, test dates and the headroom behind the annual compliance statement. Restricted cash: how much of the S$66.8m is committed or charged. The June 2026 borrowing mix: the split of bank borrowings between trust receipts and term or revolving debt, with the trust-receipt limits and renewal terms. The dormitory land consideration and the financing plan for the S$58.0m development. The FY2025 equivalent of the FY2024 major-customer table. The insurance and indemnity position on the third-party notice. The reasons for the July 2025 chief financial officer transition, and who held treasury signing authority across it. The NHL Ubi reconciliation: 60 per cent at announcement, 49 per cent in the audited accounts, and any disposal date or rationale. Project-level order-book margin: how the S$553m converts, contract by contract.
What would settle the central reading is dated. The FY2026 full-year results in February 2027 will show whether gross margin holds near the 9.7 per cent print of the latest half or recovers toward the 16.5 per cent of FY2025, and whether contract liabilities rebuild from S$4.103m. The HDB tenancy's first term runs about one year from January 2026, so any renewal or extension appears on the tape. The dormitory construction milestones fall between 2H2026 and 2H2028, and the first full-year trust-receipt and borrowing readings after the half-year close come with the FY2026 annual report in April 2027.
Every other test on this page waits for the company to file. These do not. Each row is a series you can look up yourself, free, today — with the level this reading was built against, the levels that would put it in question, and what the series cannot tell you.
The order book, gross margin, contract-liability balance and dormitory readings are published only inside the group's SGX filings and results announcements, which carry dates rather than a free, timely, independent operating series; no independent series (building authority contract awards, dormitory occupancy statistics) was fetched for this publication.
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Where the primary sources are filed. Listing announcement, 1 December 2014 · Offer document for the Catalist listing, 28 November 2014 · Annual report FY2025 (audited), 13 April 2026 · Annual report FY2024 (audited), 8 April 2025 · Full-year results FY2023, 29 February 2024 · Full-year results FY2024, 28 February 2025 · Full-year results FY2025, 27 February 2026 · Half-year results 1H2026, 12 August 2026 · Proposed placement of 11,800,000 new shares at S$0.60, 26 January 2026 · Placement completion, 3 February 2026 · Substantial-shareholder notice (Dandelion Capital, 64.41 per cent), 4 February 2026 · Proposed dormitory development, 7 May 2026 · Completion of the land acquisition by One Changi Pte. Ltd., 30 June 2026 · Cessation of chief financial officer, 18 July 2025 · Appointment of chief financial officer, 30 March 2026 · Acquisition of 60 per cent of NHL Ubi Industrial, 7 October 2025 · Receipt of third-party notice, 14 August 2026 · Daily share buy-back notice, 15 September 2026. Exchange portals re-file and purge documents over time; the text above cites each document by name and date so it can be found again. Tables on this page as data: JSON · CSV — the page’s own as-filed and recomputed tables, cell for cell, with their section and caption.
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