King Wan Secures S$43.7M in New M&E Contracts

An update from King Wan Corporation Limited ( (SG:554) ) is now available.

King Wan Corporation Limited has secured new mechanical and electrical contracts valued at approximately S$43.7 million for projects scheduled between 2027 and 2028, including works for condominium developments and institutional and industrial buildings. While these contracts are a significant addition to the company’s portfolio, they are not expected to notably impact the earnings per share or net tangible assets of the Group for the financial year ending March 2025.

More about King Wan Corporation Limited

King Wan Corporation Limited is a Singapore-based integrated building services company specializing in Mechanical and Electrical (M&E) engineering services for the building and construction industry. The company also provides rental of mobile chemical lavatories and ancillary facilities for construction sites and public events. It offers a range of M&E services including plumbing & sanitary systems, electricity distribution, fire protection, and air-conditioning systems, along with digitalisation and retrofitting solutions.

YTD Price Performance: 10.0%

Average Trading Volume: 987,482

Technical Sentiment Consensus Rating: Buy

Current Market Cap: S$23.05M

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