0243 GMT - Soon Hock Enterprise seems well-placed to capitalize on Singapore's industrial infrastructure upgrading, says UOB Kay Hian's Heidi Mo in a note. The city-state is boosting its industrial infrastructure through projects such as the Tuas mega port and Changi Airport's fifth terminal. Industrial property company Soon Hock's projects are geographically aligned with Singapore's industrial zoning roadmap, which would ensure resilient end-user demand and high tenant retention, the analyst says. The company also has strong earnings visibility thanks to its S$1 billion project pipeline, which should drive a compound annual earnings growth rate of 124% during 2024-2027. UOB Kay Hian starts coverage on Soon Hock with a buy rating and a target price of S$0.68. Shares are flat at S$0.59. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
November 30, 2025 21:43 ET (02:43 GMT)
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