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Lian Beng got the IR job? Halt soon?
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ChillX
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27-Jul-2011 13:40
Yells: "Bleh!" |
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Order book at a historical high of S$941 million! Huat AH! | ||||
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hsbhsb
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14-Jul-2011 12:13
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LIAN BENG, WEE HUR: Winning $100-million-plus contracts
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ChillX ( Date: 14-Jul-2011 09:48) Posted:
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Yells: "Bleh!"
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Just my personal views only. I avoided Chip Eng Seng as it has exposure to property development. Generally, if you look around the property counters are down generally. However, the plus point of Chip Eng Seng is that it is one of the top Construction company, which consistently wins HDB projects and builds its own.
Just like my good friend and guru's advice, go for the stock which you have affinity for and do your research, you will do well. Likewise, do the research for CSC and decide for yourself. You are your best teacher. My guru introduced me to Allgreen about more than 1 year ago, recently it hit 40% home-run for me. Do not brush aside the advice, more importantly do your research. Who knows, based on the positive points which Lian Beng and Yongnam have, we may hit 100% upside i.e. Lian Beng going to 80 cents and Yongnam going to 50 cents. At 80 cents, the P/E ratio of Lian Beng is only 8.88. At 50 cents, the P/E ratio of Yongnam is only 11. Just need to have patience. To me, it is concurrently construction boom: 50,000 HDB coming along the way plus the massive Downtown Line Project S$ 12 billion plus the Malaysian_Singapore development S$12 billion plus the Thomson Line which links to Johore etc. It is not rochet size. Penny stocks like Yongnam and Lian Beng rose very fast in Bull Run. Just to share : like Chip Eng Seng rose from 50 cents to S$ 1 between May 2007 to July 2007. 100% in 2 mths. I had this run. Stay positive and run fast when the tide turns round. Take care. Construction should be doing well in next 2 to 3 years or so and so should be construction stocks which have low P/E.
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How about CSC holdings.
Cheong up today looks tempting to buy in.
andreytan ( Date: 30-Jun-2011 16:08) Posted:
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Hi Sam
What do u thk of Chip Eng Seng, compare to Lian Beng?
samloh28 ( Date: 30-Jun-2011 14:04) Posted:
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Yells: "Watch your front, grab $$$$$ at your own time"
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Lian Beng's P/E ratio of 4.2 is grossly below the construction industry average P/E of 7.6.
Very conservatively, if it achieves construction P/E of 7.6, its shares should be worth 68.4 cents, potential 92% upside ot its price.
The full-year results will be out in July 2011 and likely to show record revenue and profits and dividends. Investors and big boys will take note of this.
The Malaysia-Singapore government JV of the additional S$12.2 billion project will also bring buzz to the construction industry and the tens of thousands of HDB flats to be built, which Lian Beng will be tendering for, will auger well for the mid term (3 years) prospect of Lian Beng.
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The upcoming Malaysia and Singapore government plans to develop the land-swop projects at Marina Bay, Beach Road, Bukit Timah, and KTM land etc,
will yield S$12.2 billion worth of contracts and about 5 million sq ft of gross area and will definitely give a boost to the structural contractor likey Yongnam
and Building Contractor like Lian Beng. More construction up for grabs in the next few years which will be boom for the construction counters.
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Lian Beng Group currently has Contracts worth S$940 million and will last it through 2014. Its estimated EPS is about 9 cents for year ending 31 May 2011, results to be out in mid July 2011 latest. Assuming P/E ratio of 10, Lian Beng shares should be worth 90 cents ! Assuming it goes up to 70 cents, if investor holding S$500k will double his portfolio by S$500k. watch for the investors coming on. Its NAV is about 34 cents, which means if you buy Lian Beng now, you are getting its NAV with returns of 9 cents per share. It is not rocket size, just need to have some guts and some investment judgement to seize the investment chance here.
Just a simple comparison with Keppel Corp, its contracts at hand is S$9 billion plus and its share price about S$ 11. Simple mathematics calculation means that Lian Beng should be worth S$1.10. Or around 90 cents. 34 cents is too undervalued! Of course, in bull market, normally the big cap will move up first, followed by mid cap then the penny stocks like Lian Beng. Just my 2-cents worth of advice. Need to have some patience. Should show record Revenue and Profits in the mid July 2011 announcement. Chairman Ong stated that Lian Beng will also tender for HDB flats now....
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Lian Beng Group Ltd announced that its wholly-owned subsidiary, Deenn Engineering Pte Ltd has secured a main building works contract from FCL Peak Pte. Ltd.
http://sgsharemarket.com/home/2011/06/singapore-company-highlights-16062011/?=LianBeng
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Elite
Yells: "Anyhow Buy Anyhow Die ^_^"
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I agreed with U :)
Wish others dont confuse the difference between construction and property.
Property will start to trend down, but construction will start to trend up for at least 2 to 3 years. After 2014 i dont know what will happen for property and construction liao, but now govt will just keep on throwing out project and contract award to construction as u can all see many HDB housing and large-scale infrastructure projects news much often on headline now. If govt support somethings, who can stop it? Just a policy from govt will either enrich or kill some business sector. Follow the big boss the safer ways for me.
samloh28 ( Date: 09-Jun-2011 21:15) Posted:
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Currently Lian Beng is traded at 4 x PER, much cheaper than its peer. Price target by DMG & Partners Securities of 67 cents (86% upside) based on PER of 7x FY 2011/12 blended earnings.
Government this afternoon just announced 14,500 units worth of land sale for 2nd half 2011. What does it mean for construction companies like Lian Beng. Note that Hedges' 500 units condominium construction is S$150 million, it means 29 sets of Hedges condomium or S$4340 million or s$ 4.34 billion of construction contract up for grab. I may not be sure of the oil prices, commodities, tourism etc, but we can be sure that the construction boom for housing will be here in the next 3 years !
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Lian Beng's order book stands at over S$800 million as of 1 June 2011. With S$150 million won for Hedges condominium on 7 June 2011, total book value is now S$950 million, will be reaching S$ 1 billion soon. This will be all-time record high for Lian Beng. Looking at the current situation, with government releasing more land for developers to build record amount of HDB and private homes in the tens of thousands, the construction prospect will be going full throttle in next 3 years! This will be translated into record revenue and record profits for the construction companies. Especially the bigger firms like Lian Beng will benefit from the construction boom these 3 years.
For the records, DMG & Partners (18 April 2011) recommended strong buy for Lian Beng at price target of 67 cents (86% upside) based on PER of FY2011. I just looked at Lian Beng's EPS latest is approx 9 cents, if we talk about 10% growth, Lian Beng should be worth 90 cents now. Investors and fund managers will know the potential of Lian Beng. Good luck to all investors there.
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Lian Beng Group Ltd announced that its wholly-owned subsidiary, Lian Beng Construction (1988) Pte Ltd has secured the main contract and earthworks contract from Tripartite Developers Pte Ltd for proposed condominium development comprising 10 blocks of residential flats (Total 501 units) with 1 basement carpark, swimming pools, landscape and ancillary facilities at Upper Changi Road North/Flora Drive known as “Hedges Park”.
http://sgsharemarket.com/home/2011/06/singapore-company-highlights-07062011/
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coolraider ( Date: 06-Apr-2011 15:10) Posted:
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Some more news about Lian Beng.
Lian Beng to net S$6m from sale of industrial property for S$32.5m
By ANGELA TAN
Lian Beng Group Ltd said on Tuesday that its subsidiary, Goldprime Investment Pte Ltd, has agreed to sell its property at 18 New Industrial Road for S$32.50 million to TAS Services Pte Ltd.
The property group will net a gain of about S$6 million if the option, granted on April 8, is exercised.
The carrying net book value and the net tangible asset value of the property is S$24.3 million.
Lian Beng said 'the property is a non-core asset' and its sale enables the company to take advantage of the current favourable property market conditions to realise the fair value of its interests. It will also enhance the group's financial position.