Pan-United Corp. Set to Gain from Singapore's Construction Projects -- Market Talk

Dow Jones

2024-09-12

0440 GMT - Pan-United Corp. looks set to gain from Singapore's construction projects, RHB Singapore research analyst Alfie Yeo writes in a report. The ready-mix concrete producer has about 40% of market share and high exposure to construction activities in Singapore, Yeo says. He notes that the Building and Construction Authority has forecast Singapore's construction demand between S$32billion and S$38 billion for 2024 and between S$31 billion and S$38 billion annually from 2025 to 2028. Demand is being led by the public sector, and includes public housing and infrastructure projects, he adds. Shares are little changed S$0.52.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

September 12, 2024 00:40 ET (04:40 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Set to Gain from Singapore's Construction Projects -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2024-09-12 12:40</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0440 GMT - Pan-United Corp. looks set to gain from Singapore's construction projects, RHB Singapore research analyst Alfie Yeo writes in a report. The ready-mix concrete producer has about 40% of market share and high exposure to construction activities in Singapore, Yeo says. He notes that the Building and Construction Authority has forecast Singapore's construction demand between S$32billion and S$38 billion for 2024 and between S$31 billion and S$38 billion annually from 2025 to 2028. 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The ready-mix concrete producer has about 40% of market share and high exposure to construction activities in Singapore, Yeo says. He notes that the Building and Construction Authority has forecast Singapore's construction demand between S$32billion and S$38 billion for 2024 and between S$31 billion and S$38 billion annually from 2025 to 2028. Demand is being led by the public sector, and includes public housing and infrastructure projects, he adds. Shares are little changed S$0.52.(amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 12, 2024 00:40 ET (04:40 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}