First Sponsor Group (SGX:ADN) Construction In Progress: S$33.5 Mil (As of Dec. 2025)

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SGX:ADN First Sponsor Group Ltd SGX:ADN
69 GF Score
Price S$1.00
GF Value S$1.08
Valuation Fairly Valued
! 6 Warning Signs
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What is First Sponsor Group Construction In Progress?

First Sponsor Group SGX:ADN 69 Construction In Progress is S$33.5 Mil as of Dec. 2025. GuruFocus rates SGX:ADN with a GF Score™ of 69/100 and a GF Value™ of S$1.08 (Fairly Valued). The stock has 6 warning signs investors should review.

First Sponsor Group's quarterly construction in progress declined from Dec. 2024 (S$22.5 Mil) to Jun. 2025 (S$0.0 Mil) but then increased from Jun. 2025 (S$0.0 Mil) to Dec. 2025 (S$33.5 Mil).

First Sponsor Group's annual construction in progress increased from Dec. 2023 (S$19.4 Mil) to Dec. 2024 (S$22.5 Mil) and increased from Dec. 2024 (S$22.5 Mil) to Dec. 2025 (S$33.5 Mil).

First Sponsor Group Construction In Progress Historical Data

* Premium members only.

The historical data trend for First Sponsor Group's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Sponsor Group Construction In Progress Chart

First Sponsor Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.77 23.26 19.40 22.47 33.50

First Sponsor Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.40 0.00 22.47 0.00 33.50
SGX:ADN
69GF Score
First Sponsor Group Ltd SGX:ADN
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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First Sponsor Group Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of S$33.5 Mil mean?
First Sponsor Group (SGX:ADN) has a Construction In Progress of S$33.5 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on First Sponsor Group and its competitors.
Is First Sponsor Group's Construction In Progress too high?
First Sponsor Group's current Construction In Progress is S$33.5 Mil. Overall, First Sponsor Group has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Sponsor Group's Construction In Progress compare to competitors?
First Sponsor Group's Construction In Progress of S$33.5 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Real Estate company?
A good Construction In Progress depends on the Real Estate industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on First Sponsor Group and its competitors. First Sponsor Group's current Construction In Progress is S$33.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Sponsor Group stock overvalued right now?
Based on GuruFocus' analysis, First Sponsor Group (SGX:ADN) is currently considered Fairly Valued. The stock's GF Value™ is S$1.08, compared to a current price of S$1.00 — trading 7.4% below its estimated fair value. The current Construction In Progress is S$33.5 Mil. First Sponsor Group's overall GF Score™ is 69/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For First Sponsor Group (SGX:ADN), the current Construction In Progress is S$33.5 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Sponsor Group (SGX:ADN) Overvalued in 2026?

Based on GuruFocus' analysis, First Sponsor Group stock appears to be undervalued. The current stock price of S$1.00 is trading 7.4% below its estimated GF Value™ of S$1.08. GuruFocus considers First Sponsor Group to be Fairly Valued.

Key valuation signals for SGX:ADN:

  • Construction In Progress: S$33.5 Mil
  • GF Value™: S$1.08 vs. price of S$1.00 (7.4% below fair value)
  • GF Score™: 69/100 with 6 warning signs

No single metric tells the full story. See the SGX:ADN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

First Sponsor Group Business Description

Address 19 Lorong Telok, Singapore, SGP, 049031
First Sponsor Group Ltd is an investment holding company. The principal activities of the company are investment holding, property development and sales, property investment, hotel ownership and operations, and provision of property financing services. The Hotel operations segment includes hotels and hot spring owners. The property development segment includes the development and/or purchase of properties for sale. The property investment segment includes the development and/or purchase of investment properties (including hotels) for rental income. The property financing segment includes the provision of non-pro rata interest-bearing loans to associates and joint ventures, provision of interest-bearing loans to third parties. Key revenue is derived from Property development.
69GF Score

Get the complete analysis for SGX:ADN

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

S$1.00
Price
S$1.08
GF Value