Soilbuild Construction Group: the business explained

hi all welcome back to another clip brought to you by SAC Capital where we feature sgx listed companies but with a Twist sgx has been successful in attracting companies of varying sizes diverse backgrounds and in a wide spectrum of Industries out of these we will be featuring companies that are often not on your radar screen yet they have promising businesses great fundamentals and have firmly found their place in the Sun so we hope that this series will help you to uncover your next investment Jam soyu construction is an A1 graded Builder with an award-winning portfolio of both residential and business-based properties the group scored a postco Triumph with a lead back into the black in the first half of this year net profit was Singapore dollar 1.4 million after consecutive losses during the covid years this was largely due to technological initiative IES embarked under the helm ship of executive director Lim Han run the need to adopt digitalization we actually imple implemented that at the tender stage as well as the project execution stage right for the construction guys building and completing a project is our bread and butter right but for clients these guys are the ones that maybe work on a project every 30 to 40 years right they would not actually be able to visualize how their building will look like from simple architectural plans with the use of data 3D B models and cutting Ed virtual reality technology we can actually create fly through videos both of the exterior facad as well as as of the internal spaces and this gives our clients a good visual of how their building will eventually look like once it's completed digitalization efforts entails upfront cost but the Investments have already yielded fruits the requirements in terms of your computers actually has increased right to the extent whereby we are placing orders for actually gaming level computers for our employees and staff just so that they can cope with the strategy that we are going ahead with right of course you know this strategy we have seen it be the fruits of the labor already right in the last two years we have actually won at least four external projects and we have received very good feedback from our clients that you know they are very impressed with what we have done digitally and look they actually look forward to actually work with us even down the further down the road soyu is well positioned to benefit from Singapore's push into advanced manufacturing besides the private sector soy build also has a food hole in Singapore's public sector you know our group has traditionally been very strong in building industrial buildings right factories production facilities warehouses Logistics facilities and in recent years you know we have even actually started going into the higher value higher Tech spec industrial buildings right securing contracts for Hightech industrial 4.0 manufacturing facilities with clean room capabilities for the electronics and semiconductor Industries the record 23,000 B Flats launched in each of 2022 and 2023 will likely leave soy buils public sector order book significantly in the coming years we bright prospects in both the industrial and public housing sectors and its age in digitalization soybs financial look set to improve in coming years we hope you have enjoyed watching the clip as much as we've enjoyed putting it together for you we are constantly off the Beaten Track looking for the next investment gem so until then from all of us at sa Capital we will see you soon enough bye for now