Able Engineering Holdings Ltd.
HHKEX:16270.36
HKD
0.00
(0.00%)
Able Engineering Holdings Ltd.
HKEX:1627
(Hong Kong Exchange)
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0.36
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- Business
- Able Engineering Holdings Limited (1627.HK), an investment holding company incorporated in the Cayman Islands in 2016 and listed on the Main Board of The Stock Exchange of Hong Kong Limited since February 2017, serves as a main contractor specializing in building construction; repair, maintenance, alteration and addition (RMAA) works; building conversion; design and build projects; fitting out and interior works; piling works; and sales of prefabricated construction units, including Modular Integrated Construction (MiC) components produced at its factory acquired in May 2022. Headquartered at No. 155 Waterloo Road, Kowloon Tong, Kowloon, Hong Kong, and operating principally in Hong Kong with some activities in Mainland China, the Group targets public sector clients such as the Hong Kong Housing Authority, Architectural Services Department, Hospital Authority, Urban Renewal Authority and Housing Society, alongside private developers, non-profit organizations and the Education Bureau; principal subsidiaries include Able Engineering Company Limited and Able Building Construction Limited, while it functions as a subsidiary of Golden Lux Holdings Limited. As of 31 March 2024, the Group held substantial contracts valued at approximately HK$11.8 billion for subsidiaries and HK$20.7 billion for joint ventures, encompassing public housing developments in Tuen Mun, Kai Tak, Kwun Tong, Tung Chung, Pok Fu Lam and Wah King Street; data centre projects in Fanling; district maintenance term contracts; and joint venture initiatives such as Queen Mary Hospital redevelopment, Tseung Kwan O government office and cultural centres; revenue for the year reached HK$5.51 billion, with net profit of HK$205 million. Recent developments include the acquisition of CWF Piling & Civil Engineering Company Limited in fiscal 2024 for HK$25 million to bolster piling and civil engineering capabilities with key licenses from the Development Bureau; new substantial contracts awarded in the six months ended 30 September 2025, including Design and Construction of Town Park with Public Vehicle Park in Tseung Kwan O Area 66 (HK$6,043 million total) and Public Housing at Queen’s Hill Extension; completion of Tseung Kwan O joint-user government office; leadership changes with Mr. LEE Hang Wing James appointed Chief Executive Officer on 1 April 2024; and Framework Agreements signed on 29 August 2024 with Wing Hong Shun Enterprises Limited (WHSE), a connected associate post-acquisition by interests linked to controlling shareholder Mr. NGAI Chun Hung, for precast concrete supply and subcontracting through 31 March 2027, approved by independent shareholders on 29 November 2024; interim results for the six months ended 30 September 2025 showed revenue of HK$4.11 billion and profit of HK$108 million. The Group employs around 630 staff and maintains over HK$1.8 billion in property, plant and equipment, supporting a robust order book amid HKSAR Government initiatives for public housing expansion under the Northern Metropolis Strategy and Light Public Housing programs.