A summary of the collection

General construction and civil engineering are provided in Singapore. We act as general contractor and subcontractor to provide construction projects to public and private departments in Singapore, and have been involved in industrial, logistics and database, infrastructure, residential and commercial construction projects in Singapore. The general contractor works of the collection are mainly related to the design and construction of commercial and industrial buildings, such as logistics and database facilities, industry and parking areas. The bazaar also provides subcontractor projects such as the renovation of housing estates and the construction of ground stations, schools and highways. According to the report, in terms of revenue in 2017, Consortium is the 15th largest service provider in general construction engineering in Singapore and the first in database construction services in Singapore.

Industry summary

According to the report, the contract approved by Singapore retrogressed from S $35.8 billion in 2013 to S $24.8 billion in 2017 at a compound annual growth rate of 8.8%. However, it is expected that the total demand for construction projects in Singapore will rise in 2018, and the approved construction projects will increase to S $31 billion. In addition, Rui Rui comes from the copywriting analysis and consultation with major construction service providers and related industry associations in Singapore. The revenue from construction in Singapore has regressed from S $930 million in 2013 to S $770 million in 2017, and the expected number of words will rise from S $780 million in 2018 to S $840 million in 2022.

Cymbals

Collection income is mainly generated from non-permanent construction projects. The construction projects of the collection are carried out according to the individual project base, and the main customers of the collection may vary from year to year. The purpose of the collection project is usually between 1 to 3 years, so the revenue of the collection is non-permanent, and the collection may not be able to continue to obtain a new contract. In addition, the collection may not be able to maintain the existing success rate through the process of sexual recruitment to obtain new proposals. If the collection fails to maintain its relationship with the customer, it will not be conducive to the relationship between the collection and the customer.

Valuation

According to the IPO document, as of the end of October 2017, an interim dividend of about S $23850000 was declared on the basis of the shares expected to be issued after the sale of the shares was completed, equivalent to an untested net value of HK $0.218 to HK $0.237 per share of tangible assets (calculated at an annualised rate of S $1.00 to HK $5.9682).

The purpose of the income is:

Based on the median offering price of HK $0.44, after deducting the estimated expenditure payable on the issue of shares, the net income is estimated to be HK $120.5 million.