新加坡建筑业受惠于大型国家基建及大量政府组屋项目驱动，近两年将高速发展，2025及2026年建筑合同总值预计维持在470至 530亿（新元，下同），是近年高位。新加坡建筑商长乐控股近日已向港交所递交招股书，拟在香港创业板上市，这家小型建筑 商具备高于同行的利润率与成长空间，值得期待。 当前新加坡建筑业正处于强劲增长期，主要由大型国家项目如樟宜机场T5航站楼、大士港口、多条地铁线延伸工程，以及大量 政府组屋（HDB）项目驱动。政府正强制推行数字化（如BIM和CORENET X系统）以及可持续建筑。这意味着传统的劳动力密 集型模式正在向技术密集型转变。 是次上市，正是集团筹集资金发展数字化的契机。当地行业虽然工程量多，但承建商的利润表现呈现两极分化。受限于材料价 格波动、熟练劳动力短缺以及更严格的环保/外劳政策，许多中小型承建商的净利率仅在1% - 5%左右徘徊。长乐控股则显示出 较高的利润回升，这来自于其对装修、维护等高附加值环节的整合。数字化发展后，集团可望进一步减省成本、及利好争夺政 府工程。 长乐控股的核心优势，是持有新加坡建设局（BCA）颁发的 GB1（一般建筑商一级）牌照，这意味着它可以承接不限金额的 ...

1月23日，长乐控股有限公司(简称"长乐控股")向港交所递交上市申请材料，这也是公司第二次向港交 所递交上市申请材料。2025年6月22日，长乐控股第一次递表港交所，后因申请到期失效。 上市申请材料显示，2025年，公司业绩出现较为明显的"增收不增利"现象。2025年，公司总收入和净利 润分别约为0.22亿新元以及106万新元，营业收入小幅增长但净利润同比出现"腰斩"。 公司在上市申请材料中提到，公司部分供应商位于马来西亚及中国。公司从多个国家聘用工人，包括中 国、孟加拉、印度、缅甸及菲律宾。此外，公司披露的董事名单中，王成剑、梁嘉雯、何力钧均为中国 国籍。 手头项目合共有11个 客户集中度较高 上市申请材料显示，2023年、2024年以及2025年，以收益计的五大客户应占总收益的百分比分别约为 81%、57.8%及54.7%，最大客户应占收益分别约为0.16亿新元、0.027亿新元及0.04亿新元，占同期总收 益的百分比分别约为53.4%、13.5%及18.2%。 公司董事会认为，有关客户集中度就新加坡建筑公司而言并非罕见，而有关客户集中度并不会影响业务 可持续性。 公司在上市申请材料中提示多项风险，包括： ...

Group 1 - The core viewpoint of the news is that Changle Holdings Limited's IPO application has expired after six months, with the underwriting handled by Lihigh Enterprises Financing Limited [1] - Changle Holdings is a construction and renovation contractor based in Singapore, specializing in building construction, maintenance, and renovation projects [2] - The company primarily acts as a general contractor for residential and apartment buildings, as well as model homes, and is involved in public sector housing maintenance and renovation [2] Group 2 - Changle Holdings holds a GB1 license issued by the Building and Construction Authority, allowing it to undertake general construction projects in Singapore [2]

Group 1 - The core viewpoint of the news is that Chang Le Holdings Limited submitted its Hong Kong IPO prospectus on June 22, which became invalid after six months on December 22, with Li Gao Enterprise Financing Limited as its sole sponsor [1] Group 2 - Chang Le Holdings is a construction and renovation contractor based in Singapore, specializing in building construction projects, including residential buildings, apartment complexes, and show flats [2] - The company also engages in maintenance and decoration works related to public sector residential buildings, as well as renovation and extension projects for existing buildings and facilities, such as factory buildings [2] - Chang Le Holdings currently holds a GB1 license issued by the Building and Construction Authority, allowing it to undertake general construction projects in Singapore [2]

Group 1 - The stock price of Anbao Engineering Holdings (01627.HK) closed at HKD 0.580 on April 22, marking a 3.57% increase from the previous trading day and reaching a nearly one-year high [1] - On the same day, the net capital inflow was HKD 339,300, with a total of HKD 361,720 flowing in and HKD 22,400 flowing out [1] Group 2 - Anbao Engineering Holdings Limited was listed on the Hong Kong Stock Exchange on February 20, 2017, and has been providing a wide range of construction services since its establishment in 1976 [2] - The company employs over 300 staff, including management, professional, technical, and supervisory personnel, and has established sustainable relationships with both public and private institutions in Hong Kong [2] - Anbao has over 45 years of experience and a good reputation, having received multiple awards and recognitions for its professional services [2]