Strong Run in 2025

Once a quiet stock, Sanli Environmental has really been on a roll in the past three months.

The Singapore-based environmental engineering company has seen its stock price shoot up 100% (from 7.5 cents to 15.3 cents) between April and this week.

Sanli chart7.25

A big reason for this surge:  Sanli kicked off a share buyback program, sending positive vibes that the market picked up.

As more investors joined in the run-up, trading activity increased. 

 

Successful $4 M Share Placement

 

This week, Sanli marked a significant milestone with its first-ever share placement since its 2017 listing, raising S$4 million through the issuance of 33.3 million new shares at S$0.12 each.

The placement was fully subscribed, drawing in prominent institutional investors such as Lion Global Investors and Asdew Acquisitions.

Sanli’s CEO, Mr. Sim Hock Heng, commented:

“This is our first share placement exercise since our listing in 2017, hence it represents a meaningful milestone for the Group and we are heartened by the strong vote of confidence from investors in our business model and growth potential.”


The funds raised will be used primarily for general working capital, supporting ongoing engineering projects, and potentially reducing existing borrowings to further strengthen the company’s balance sheet.

Landmark $105 M Contract

 

Sanli’s business momentum has now accelerated -- it said it has secured a major S$105.3 million contract from PUB, Singapore’s National Water Agency.

The contract covers mechanical, electrical, instrumentation, control, and automation (MEICA) works for a new NEWater plant within the Tuas Water Reclamation Plant, part of Singapore’s Deep Tunnel Sewerage System (DTSS) project.

Sanli had previously won two contracts worth a total of S$236 million under the DTSS project.

Mr Sim said:

“We are pleased to be awarded this latest contract under DTSS Phase 2, which we believe is not only as a reaffirmation of our MEICA capabilities to execute complex water infrastructure works reliably, but also as a strategic opportunity to deepen our involvement in high-impact, public sector projects that enhances Singapore’s water resilience.”


With this win, Sanli’s order book has reached a record S$333.9 million, providing strong visibility for future revenue.

For perspective, Sanli's revenue in FY2025 (ended March) amounted to S$158 million (+21% y-o-y).

Mr. Sim further noted:

Working on our earlier two contracts in Tuas WRP has allowed us to accumulate significant onsite knowledge, enhancing our operational expertise with a highly coordinated project delivery approach and we look forward to the timely completion of this project.”



Business: More Than Just Water


Founded in 2006 and listed in 2017, Sanli 
is also actively diversifying.

The company is exploring revenue streams including ventures into the production of magnesium hydroxide slurry for wastewater treatment and reducing sulphur emissions from ships.

It is also developing renewable energy projects in Thailand.

For more, see SANLI: Targets Growth In Thai Solar Market & High Entry Barrier Chemical Production

 

 

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