HG Metal Manufacturing (SGX:BTG) Construction In Progress: S$0.1 Mil (As of Mar. 2026)

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SGX:BTG HG Metal Manufacturing Ltd SGX:BTG
44 GF Score
Price S$0.49
GF Value S$0.17
Valuation Significantly Overvalued
! 3 Warning Signs
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What is HG Metal Manufacturing Construction In Progress?

HG Metal Manufacturing SGX:BTG 44 Construction In Progress is S$0.1 Mil as of Mar. 2026. GuruFocus rates SGX:BTG with a GF Score™ of 44/100 and a GF Value™ of S$0.17 (Significantly Overvalued). The stock has 3 warning signs investors should review.

HG Metal Manufacturing's quarterly construction in progress stayed the same from Dec. 2024 (S$0.0 Mil) to Jun. 2025 (S$0.0 Mil) but then increased from Jun. 2025 (S$0.0 Mil) to Mar. 2026 (S$0.1 Mil).

HG Metal Manufacturing's annual construction in progress increased from Dec. 2022 (S$0.0 Mil) to Dec. 2023 (S$0.3 Mil) but then declined from Dec. 2023 (S$0.3 Mil) to Dec. 2024 (S$0.0 Mil).

HG Metal Manufacturing Construction In Progress Historical Data

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The historical data trend for HG Metal Manufacturing'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.

HG Metal Manufacturing Construction In Progress Chart

HG Metal Manufacturing Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.02 0.00 0.29 0.02

HG Metal Manufacturing Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Mar26
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 0.29 0.00 0.02 0.02 0.06
SGX:BTG
44GF Score
HG Metal Manufacturing Ltd SGX:BTG
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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HG Metal Manufacturing 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$0.1 Mil mean?
HG Metal Manufacturing (SGX:BTG) has a Construction In Progress of S$0.1 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on HG Metal Manufacturing and its competitors.
Is HG Metal Manufacturing's Construction In Progress too high?
HG Metal Manufacturing's current Construction In Progress is S$0.1 Mil. Overall, HG Metal Manufacturing has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HG Metal Manufacturing's Construction In Progress compare to NUE and STLD?
HG Metal Manufacturing's Construction In Progress of S$0.1 Mil can be compared against companies in the Steel 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 Steel company?
A good Construction In Progress depends on the Steel 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 HG Metal Manufacturing and its competitors. HG Metal Manufacturing's current Construction In Progress is S$0.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HG Metal Manufacturing stock overvalued right now?
Based on GuruFocus' analysis, HG Metal Manufacturing (SGX:BTG) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.17, compared to a current price of S$0.49 — trading 188.2% above its estimated fair value. The current Construction In Progress is S$0.1 Mil. HG Metal Manufacturing's overall GF Score™ is 44/100 with 3 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 HG Metal Manufacturing (SGX:BTG), the current Construction In Progress is S$0.1 Mil as of Mar. 2026. 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 HG Metal Manufacturing (SGX:BTG) Overvalued in 2026?

Based on GuruFocus' analysis, HG Metal Manufacturing stock appears to be overvalued. The current stock price of S$0.49 is trading 188.2% above its estimated GF Value™ of S$0.17. GuruFocus considers HG Metal Manufacturing to be Significantly Overvalued.

Key valuation signals for SGX:BTG:

  • Construction In Progress: S$0.1 Mil
  • GF Value™: S$0.17 vs. price of S$0.49 (188.2% above fair value)
  • GF Score™: 44/100 with 3 warning signs

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

HG Metal Manufacturing Business Description

Address 28 Jalan Buroh, Singapore, SGP, 619484
HG Metal Manufacturing Ltd is involved in the steel business. The Company operates through business units including HG Distribution, HG Construction Steel, HG Coupler, and Thread. Its operating segments comprise the Trading segment, the Manufacturing segment, and Others. The Trading segment supplies steel products and includes investments in subsidiaries engaged in steel distribution and the provision of industrial steel services. The Manufacturing segment produces construction steel products and provides related engineering services. The Others segment includes activities that do not fall under the Trading or Manufacturing segments. The majority of the Company's revenue is generated from the Manufacturing segment, with the maximum of its revenue derived from Singapore.
44GF Score

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

S$0.49
Price
S$0.17
GF Value