tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

GRC Limited Secures Major Housing Development Contract

Story Highlights
  • GRC Limited’s subsidiary won a S$242.7 million contract for residential construction.
  • The project will not materially impact the company’s financials for the current year.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
GRC Limited Secures Major Housing Development Contract

Elevate Your Investing Strategy:

The latest update is out from OKH Global Ltd. ( (SG:S3N) ).

GRC Limited, through its subsidiary Chip Eng Seng Contractors, has secured a significant building works contract worth approximately S$242.7 million from the Housing & Development Board. This contract involves constructing five residential blocks with additional facilities and is set to begin in the latter half of 2025, spanning a period of 39 months. While the contract is a substantial addition to the company’s portfolio, it is not expected to materially affect the company’s net tangible assets or earnings per share for the financial year ending June 2026.

More about OKH Global Ltd.

Average Trading Volume: 18,502,521

Technical Sentiment Signal: Hold

Current Market Cap: S$132M

Learn more about S3N stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1