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Tiong Seng
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Another IPO below water
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raintree
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04-Apr-2011 22:36
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Contract awarded. Its wholly-own subsidiary, Tiong Seng Contractors Pte Ltd, has been awarded a contract worth approximately S$192.2 million by Housing & Development Board for the building and contingency works at Punggol West Contract 20 (total 1072 dwelling units) (the “Punggol West Project”). |
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raintree
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11-Mar-2011 10:01
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" At the forefront of technology, BUY with reduced TP of S$0.31. Completion of its prefabrication hub in 3Q11 is timely and in line with the government’s push for increased productivity in the construction sector. The new hub will reduce labor requirements for pre-casting by over 50-70% and these savings should filter into TSNG numbers in the longer term. Our BUY call is maintained, however with a lower TP S$0.31 as we ascribe a slightly higher discount (35% vs 30% previously) to our revised SOTP of S$0.47 to account for an increasing competitive environment going forward." DBS Vickers Securities Submitted lowest bid for HDB project Building Works At Punggol West Contract 20 (Total 1072 Dwelling Units) for $192m. Tender closed on 1 Mar 11. Total 5 tenderers. Project not awarded yet. |
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bsiong
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24-Feb-2011 00:06
Yells: "The Greatest Wealth is Health" |
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Tiong Seng Holdings, the construction group and property developer, today reported a 48% fall in net profit attributable to equity holders of $21.4 million on the back of a 33% fall in revenue of $252.3 million for the full-year ended 31 December 2010 (FY2010). The group’s lower revenue was mainly due to a higher proportion of projects that were completed or close to completion in Singapore such as Capella, Tribeca, Wilkie, Sky @ Eleven, Marina Bay Financial Centre Tower 3 and Sentosa Integrated Resorts, resulting in a decrease in construction contract revenue of $165.8 million. However, this was offset by the increase in work carried out for on-going projects: Raffles City Shopping Mall, Hilltops, Shelford Suites, Wharf, The Volari and Hotel at Upper Pickering Street, as well as projects in Papua New Guinea totalling some $114.2 million. |
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bsiong
Supreme |
05-Jan-2011 11:12
Yells: "The Greatest Wealth is Health" |
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Tiong Seng Holdings Ltd announced that its wholly-owned subsidiary Robin Village Developments Pte Ltd (“Robin Village”) is building a S$26 million Prefab Hub to supply pre-cast concrete components. The Prefab Hub, to be completed in the third quarter of 2011, will feature advanced pre-casting facilities operating under mechanised factory conditions that will double its current output to more than 100,000m3 of pre-cast components annually. The use of precast concrete is a key means to raise construction productivity. Tiong Seng’s initiative of automating the precast concrete production is the first facility of its kind to receive funding under Building and Construction Authority’s (“BCA”) Construction Productivity and Capability Fund (CPCF), with a supportable funding amount of $1 million. |
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wishbone
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23-Jun-2010 09:34
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The reverse is also true.So do your homework. Of course there are good ones too.
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Salute
Master |
22-Jun-2010 23:47
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erh, how com tiong seng is under S-chip. It's singapore counter I thought. | ||||||||
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Hulumas
Supreme |
22-Jun-2010 21:43
Yells: "INVEST but not TRADE please!" |
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Believe it or not! You can hardly earn money without buying S chips!
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Hulumas
Supreme |
22-Jun-2010 21:40
Yells: "INVEST but not TRADE please!" |
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Why so biased?
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niuyear
Supreme |
02-Jun-2010 12:56
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Society China confiscates 112m fake invoices in Jan-May(Xinhua)
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Large Medium Small |
BEIJING - Chinese police have confiscated more than 112 million fake invoices so far this year, 20 percent more than the total for the whole of last year.
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Police also closed 179 websites that were linked to invoice crimes, Liu said.
The police began a crackdown on fake invoices, commonly used to avoid tax payments, in January and it is expected to run till October with the support of the Finance Ministry, the State Administration of Taxation and the National Audit Office.
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Master
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Speculation of buying S chip stocks is in play. Watch out. Do your homework.
Supreme
Yells: "INVEST but not TRADE please!"
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AnthonyTan ( Date: 16-Apr-2010 13:07) Posted:
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Elite
Yells: "patience"
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Long history in the construction business. Maybe more
than 30 years. Correct me if I am wrong. I think one
of the early construction pioneer, yet when listed it's below
water. Very worry to invest.
Veteran
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Master
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See China Minzhg, stabiliser at work to push the price to $1.190 now. IPO price is $1.20
Only 0.010 off the IPO price.
knightrider ( Date: 16-Apr-2010 14:37) Posted:
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Master
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knightrider ( Date: 16-Apr-2010 14:37) Posted:
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Elite
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Thks for your comment !
I remember newly listed IPO, most of them have the stabliser to buy up and support the IPO price, China HuAn Cable, Tiger etc. I wonder why Debao and this one don't have. IS it a self-impose by the under-writer, and seems this one did not, but they have engaged a finance advisor for 2 yrs. I wonder what this advisor's role, may be to help them do future placement or whatsoever sort of rising more $$. LOL
Master
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If u buy maybe u can "teo cheng" one hor!!!
B veri careful
AnthonyTan ( Date: 16-Apr-2010 13:07) Posted:
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Veteran
Yells: "Buy high sell higher! "
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