Koon Holdings (5DL.SG) +2.4% at $0.645 vs untraded at midday break; interest in the thinly traded stock picks up after the Singapore-based civil engineering company announces, in an exchange filing, that its subsidiaries have been awarded several new government projects worth a total of $45.7 million. 

Though the projects are not expected to materially affect the group’s performance for the FY ending December 31, 2010, orders from government agencies are likely to remain buoyant as the government is expected to continue increasing the supply of public, private housing to try to curb property price gains. 

Koon is also likely to be a beneficiary of increased infrastructure spending. The company says it’s optimistic over orders for the last quarter of the year, as another 49 civil engineering projects are set to come up for tender and it’s reaping the benefits of moving into upstream precast products. 

 

Orderbook quotes suggest the stock may be capped at $0.650 today; medium-term resistance likely at its $0.69 all-time high.