SINGAPORE (May 28): Phillip Securities is initiating coverage of SHS Holdings with a “buy” given a surge in demand for modular housing in New Zealand as well as an upcoming recurring revenue from a solar project in Bangladesh.

SHS currently derives revenue from corrosion prevention, structural steel and facade engineering. However, Phillip says future growth will mainly come from its two new business segments of solar energy and modular construction.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply


Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook