Singapore's Construction Sector to Gain on Infrastructure Demand -- Market Talk

Dow Jones
07/14

0102 GMT - Singapore's construction sector is poised to benefit from strong infrastructure activity, UOB Kay Hian analysts say in a note. Demand for ready-mix concrete is projected to increase in 2025 thanks to major public projects such as Changi Airport Terminal 5 and the Tuas Port expansion. Sustained private residential, mixed-use and industrial projects are also likely to drive demand. Stable ready-mix concrete costs and tender prices are expected to improve Ebitda margins of construction companies such as concrete player Pan-United and building materials maker Hong Leong Asia. The brokerage maintains an overweight rating on the construction sector. It has buy calls on Pan-United and Hong Leong. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

July 13, 2025 21:02 ET (01:02 GMT)

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