| Singapore's construction sector is booming and investors are attracted to a wide range of construction-related stocks. A low-key player, Catalist-listed Reclaims Global, recently attracted S$7.8 million of investor money in a placement of its shares at S$0.39 each, which is ~10x the 12-month trailing earnings. Notable subscribers included Lion Global Investors, Asdew Acquisitions, ICH Synergrowth Fund, Ginko-AGT Global Growth Fund, and veteran investor Tan Kim Seng. Their capital injection sets Reclaims up for more growth with its integrated business model spanning excavation services, logistics and leasing, and waste recycling.  Reclaims Global has completed more than 180 projects, including notable ones such as reinstatement of land surrounding the Marina-Coastal Expressway at Marina South. |
Essentially, Reclaims Global helps build and clear construction sites in Singapore:
| • Dig and level land (excavation) for new buildings, basements, or roads. • Demolish old structures safely, like schools or factories. • Recycle waste from sites—crushing concrete and metal to reuse. • Move materials with trucks and rent out machines when needed. |
In short: the company offers an all-in-one integrated service.
Financially, Reclaims presents a solid case.
The company's 1H FY2026 results (ended July 31, 2025) showed a 14.9% revenue increase to S$21.78 million and a net profit of S$2.5 million, the latter being a 14.5% fall due to costs recognised upfront.
Over the past two years, Reclaims has maintained annual dividends of S$0.012 per share.
|
FY2025 |
FY2024 |
FY2023 |
|
|
Net profit (S$) |
5,567,000 |
1,516,000 |
1,996,000 |
|
Interim dividend per share (S$) |
0.01 |
0.01 |
0 |
|
Final dividend per share (S$) |
0.002 |
0.002 |
0 |
|
Total dividend per share (S$) |
0.012 |
0.012 |
0 |
|
Dividend payout |
28.2% |
103.7% |
0 |
It does not have a formal dividend policy, explaining in a reply to SIAS in May 2025: "Availability of sufficient cashflow is critical to strategic bidding of projects and the early stages of executions especially when net cash outflows are expected."
Its dividends, which are likely to continue, combined with a debt-free balance sheet (S$18 million in net cash, as at end 1HFY26, ie does not include the incoming placement money), sets Reclaims apart from leveraged peers.
According to a recent corporate presentation, its margins—gross profit at 44.3% and net profit at 12.5%—outpace industry averages of 16.7% and 3.8%, thanks to disciplined cost control and an integrated model that minimizes inefficiencies.
• Company listed on Catalist in 2019 at 23 cents.
• Following the recent share placement, Mr Chan's and Mr Tan's stakes have been reduced to 33.94% and 33.52%, respectively.
• The stakes are worth a total of nearly $40 million.
Has the company faced collection issues with receivables?
Management replied it has not had any major write-offs historically.
Operating at the start of the construction value chain, Reclaims is among the first to be paid by the main contractor.
|
See also: Across the Board: Singapore's Construction Stocks See Widespread YTD Rises
