Pan-United (SGX:P52) Construction In Progress: S$26.2 Mil (As of Dec. 2025)

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SGX:P52 Pan-United Corp Ltd SGX:P52
74 GF Score
Price S$1.60
GF Value S$0.65
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Pan-United Construction In Progress?

Pan-United SGX:P52 -1.23% 74 Construction In Progress is S$26.2 Mil as of Dec. 2025. GuruFocus rates SGX:P52 with a GF Score™ of 74/100 and a GF Value™ of S$0.65 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Pan-United's quarterly construction in progress declined from Dec. 2024 (S$4.3 Mil) to Jun. 2025 (S$0.0 Mil) but then increased from Jun. 2025 (S$0.0 Mil) to Dec. 2025 (S$26.2 Mil).

Pan-United's annual construction in progress increased from Dec. 2023 (S$1.4 Mil) to Dec. 2024 (S$4.3 Mil) and increased from Dec. 2024 (S$4.3 Mil) to Dec. 2025 (S$26.2 Mil).

Pan-United Construction In Progress Historical Data

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The historical data trend for Pan-United'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.

Pan-United Construction In Progress Chart

Pan-United 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 1.38 2.77 1.40 4.26 26.25

Pan-United 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 1.40 0.00 4.26 0.00 26.25
SGX:P52
74GF Score
Pan-United Corp Ltd SGX:P52
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Pan-United 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$26.2 Mil mean?
Pan-United (SGX:P52) has a Construction In Progress of S$26.2 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on Pan-United and its competitors.
Is Pan-United's Construction In Progress too high?
Pan-United's current Construction In Progress is S$26.2 Mil. Overall, Pan-United has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pan-United's Construction In Progress compare to CRH and VMC?
Pan-United's Construction In Progress of S$26.2 Mil can be compared against companies in the Building Materials 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 Building Materials company?
A good Construction In Progress depends on the Building Materials 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 Pan-United and its competitors. Pan-United's current Construction In Progress is S$26.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan-United stock overvalued right now?
Based on GuruFocus' analysis, Pan-United (SGX:P52) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.65, compared to a current price of S$1.60 — trading 146.2% above its estimated fair value. The current Construction In Progress is S$26.2 Mil. Pan-United's overall GF Score™ is 74/100 with 4 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 Pan-United (SGX:P52), the current Construction In Progress is S$26.2 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 Pan-United (SGX:P52) Overvalued in 2026?

Based on GuruFocus' analysis, Pan-United stock appears to be overvalued. The current stock price of S$1.60 is trading 146.2% above its estimated GF Value™ of S$0.65. GuruFocus considers Pan-United to be Significantly Overvalued.

Key valuation signals for SGX:P52:

  • Construction In Progress: S$26.2 Mil
  • GF Value™: S$0.65 vs. price of S$1.60 (146.2% above fair value)
  • GF Score™: 74/100 with 4 warning signs

No single metric tells the full story. See the SGX:P52 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Pan-United Business Description

Address 7 Temasek Boulevard, No. 16-01, Suntec Tower One, Singapore, SGP, 038987
Pan-United Corp Ltd specializes in concrete solutions and concrete technologies. The company operates through business segments, namely the Concrete and Cement segment, which is the key revenue driver, supplies mainly cement, granite, ready-mix concrete, and refined petroleum products to the construction and marine industries of Singapore, Vietnam, and Malaysia. The Trading and others segment relates to coal trading, bulk shipping, and agency operations. The company generates the majority of its revenue from Singapore. Geographically, the company operates in Singapore and Other Countries, of which it generates maximum revenue from Singapore. The projects of the company involve: Changi Airport Terminal 3; Downtown Line; Funan Mall; Guoco Tower; Helix Bridge; Labrador Tower; and Others.
74GF Score

Get the complete analysis for SGX:P52

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

S$1.60
Price
S$0.65
GF Value