Stock Track | Ever Glory Soars 4.88% in Pre-Market After Securing S$230 Million in New Contracts

Stock Track

05/19

Ever Glory's stock surged 4.88% in pre-market trading on Tuesday, following the company's announcement of significant new contract wins.

The construction and engineering firm announced it has secured approximately S$230 million in new contracts, bringing its total order book to above S$900 million. This substantial increase in future revenue visibility has boosted investor confidence in the company's growth prospects.

The new contracts represent a major expansion of Ever Glory's business pipeline and are expected to contribute significantly to the company's financial performance in the coming quarters.

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