EGP Energy's Robust Order Book Likely Secures Multi-Year Revenue Pipeline
Dow Jones
Yesterday
0439 GMT - EGP Energy Corp.'s robust order book likely secures a multi-year revenue pipeline, says Heidi Mo of OCBC Group Research in a report. About 65% of its S$296.2 million order book as of Aug. 13 will likely be recognized from 2H 2026 to 2H 2028, the analyst estimates. Singapore's national grid operator, which is the engineering, procurement, and construction services company's key utility customer, provides legislatively mandated capex visibility through 2030. OCBC expects EGP Energy to deliver strong profitability in 2026 with a 24.4% core Ebitda margin. It initiates coverage of the stock with a buy rating and a fair value estimate of 1.05 Singapore dollars. Shares are 2.5% lower at S$0.77.
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