Alpina Holdings Limited, a Singapore-based company incorporated in 2021, has announced a significant milestone by securing contracts totaling approximately S\$40.8 million during the six-month period ending on 31 December 2024. The contracts span across diverse sectors and involve mechanical and electrical systems maintenance, fire protection system upkeep, and development and improvement works.

Key Contract Details

• Private School Maintenance: Two contracts worth S\$0.6 million for mechanical and electrical systems maintenance, as well as addition and alteration works, to be completed by November 2028.
• Fire Protection Systems: A contract for maintaining fire protection systems for a Singapore Government statutory board, valued at S\$0.9 million, to be completed by September 2027.
• Mechanical and Electrical Systems: A contract worth S\$6.5 million for maintenance services for a private company in Singapore, expected to conclude by August 2026.
• Managing Agent Services: An S\$13.7 million contract for managing agent services and improvement works for a private company, with a completion timeline of August 2026.
• Development and Upgrading: A project valued at S\$13.5 million for development and upgrading works for a private company, to be completed by August 2027.
• Replacement and Maintenance: A contract worth S\$4.0 million for replacement, improvement, and maintenance of mechanical and electrical services for a statutory board, scheduled for completion by July 2027.
• Alteration and Addition: A contract for alteration, addition, and fitting-out works for a private company, valued at S\$1.6 million, to be completed by November 2025.

Shareholder Considerations

While the provisional contract sums total S\$40.8 million, the Board of Alpina Holdings has clarified that these are indicative amounts. The actual revenue recognized will depend on the scope of work eventually undertaken. Shareholders are advised that these contracts are not expected to have a material impact on the Group’s earnings per share or net tangible assets per share for the financial year ending 31 December 2024.

It is noteworthy that none of the Directors, substantial shareholders, or their associates have any direct or indirect interest in these contracts beyond their shareholding in the company. This ensures that the contracts are transparently awarded without conflicts of interest.

Market and Investor Implications

Alpina Holdings’ successful securing of these contracts underscores its operational capabilities and strengthens its portfolio in the mechanical, electrical, and development sectors. However, as the contracts are not expected to have a substantial financial impact, the news may have limited immediate influence on the company’s share price. Investors are urged to adopt a cautious and long-term view when assessing the company’s performance and growth trajectory.