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Lian Beng
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krisluke
Supreme |
18-Nov-2011 19:14
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Liang Beng/Construction: Announced that its JV Co with Centurion, Spottiswoode Development, has bought Dragon Mansion, at 14 Spottiswoode Park, for $130m. The price translates to about $1,093 psf for the freehold residential development. The 38,618 sq ft site has a plot ratio of 2.8 and a potential GFA of up to 118,943 sqft, including a 10% bonus space for balconies. It can be developed to a maximum height of 36 storeys. The awarded price was slightly below the indicative range of $132m to $142m when the tender was relaunched last month. Separately, OCBC note that the latest qtrly results for construction firms under house coverage saw positive yoy earnings growth. Tat Hong and Lian Beng stood out, as they recorded the strongest earnings growth and house is encouraged by latest set of qtrly results, as it shows most firms are executing their projects well and increasing profits. At the same time, data such as BCA's tender price index and the land sales by URA in the past few yrs further adds to positive outlook for the construction sector. Tip pick in sector is Lian Beng [BUY, $0.51]. |
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smartrader
Elite |
09-Nov-2011 21:35
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this month announce ? thinking of selling my 140lots..
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tankuku
Master |
09-Nov-2011 08:44
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High chance of moving higher to TP of $0.60 after the confirmation of spin-off Taiwan listing. Should make the final announcement soon. Keep a look out. Good luck. |
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ChillX
Senior |
06-Nov-2011 16:19
Yells: "Bleh!" |
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Ah, thanks. vaguely remember it now. thought it was a recent release or update on the matter. if there's more positive news on this soon, the share price should increase nicely. Still waiting...
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hsbhsb
Member |
04-Nov-2011 10:37
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Average target prices of analysts covering LIAN BENG is 61 cents |
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coolraider
Member |
04-Nov-2011 10:24
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The annoucement is made few weeks back. http://www.asianewsnet.net/home/news.php?id=21898
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ChillX
Senior |
04-Nov-2011 08:53
Yells: "Bleh!" |
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Hmm? Where did you see this notice? Not (yet?) on the company website nor the recent news feeds that I glanced through. If true, definitely good news for the stock price. :) | ||||
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tankuku
Master |
03-Nov-2011 15:49
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SHOULD BE MAKING ANNOUNCEMENT SOON . DO vest and good luck |
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gavinl
Elite |
24-Oct-2011 08:53
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x 0
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Totally agreed. Yongnam is one very good example.
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tankuku
Master |
24-Oct-2011 08:25
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My broker recommanded to buy now. Should be crossing $0.50 in weeks to come when the market move and stabilised. Do vest now. Good luck. |
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ChillX
Senior |
17-Oct-2011 21:02
Yells: "Bleh!" |
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x 0
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Singapore full of Ah Lian and Ah Beng .... Company named Lian Beng how to lose? Moderately good uptrend in place, based on TA. barring a major natural or man-made disaster... no reason not to go up beyond 45cents. |
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valmont
Member |
14-Oct-2011 00:08
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To me, it's psychology.. Mass psychology.. BB psychology.. Overall Market direction.. FA of company: great balance sheet, cash cow.. stock price going south, how to explain? TA of company: looks like double bottom / double top, scally false break.. looks like normal trending, scally false break.. Constantly test (paper trade) your own strategy.. Til you are confident that it's right for you. After years of trading, hope we all realized that Mr.Market is always right. ) And i agree with w.begger )
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warrenbegger
Elite |
13-Oct-2011 21:26
Yells: "Anyhow Buy Anyhow Die ^_^" |
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I very sorry to said something, Sometimes is all about fundamental when market approve it, Sometimes is not about fundamental when market don't want to approve it. U had your right analysis, but market doesn't view it that way. Anyway, i wish U lucky and huat also. I can be wrong about this view too, just a different view and wish U don't mind :) |
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samloh28
Member |
13-Oct-2011 21:02
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On 12 Oct 2011 Zaobao Chinese Straits Times, it was forecast that Lian Beng has target price of S$0.62 !!! My assessment is that with 20 percent growth, Lian Beng should be worth 20 x 0.36 = S$0.72, its current EPS is 3.6 cents and NAV is already S$0.39. | ||||
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warrenbegger
Elite |
13-Oct-2011 20:53
Yells: "Anyhow Buy Anyhow Die ^_^" |
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x 0
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Already tell U hit and run liao. U must know when to load and when to sell. The answer is all inside it px!!! Tips given, don't said i didn't said.
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warrenbegger
Elite |
12-Oct-2011 23:49
Yells: "Anyhow Buy Anyhow Die ^_^" |
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I like Ah beng. Good for hit and run target :) Cheers to those who know what i means... |
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samloh28
Member |
12-Oct-2011 21:38
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OCBC initiates coverage of LIAN BENG, saying it has "strong order book with room for more" Price target 52 cents !!!!!!!!!!!!!!!!!!!!! Ong Pang Aik, exec chairman, Lian Beng Group. Photo by Leong Chan Teik We like Lian Beng for 1) their track record in both private residential and public housing construction projects 2) its strong order book which gives management room to focus on winning contracts which are more margins accretive and 3) its undemanding valuations against peers. The company trades below local construction peers' average P/E, despite recording one of the highest ROE. We believe Lian Beng is well positioned to win more projects in private residential space and a beneficiary of increased HDB supply. Therefore, we believe the discount on Lian Beng compared to peers is unwarranted. Applying a 5x forward P/E multiple to FY12F EPS, we derive a fair value estimate of S$0.52, implying c.54% upside initiate with BUY. | ||||
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bsiong
Supreme |
10-Oct-2011 22:25
Yells: "The Greatest Wealth is Health" |
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Lian Beng posts 75% rise in 1Q net profit to $19.1m
Construction company Lian Beng Group has reported a 74.7% increase in its net profit for the first quarter ending August 31, 2011 to $19.08 million from $10.92 million a year ago.
Revenue contribution came its core construction segment, property development as well as ready-mixed concrete segments during the quarter. |
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focusy
Senior |
07-Oct-2011 13:23
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'Average down YANGZIJIANG', 'buy BIOSENSORS, LIAN BENG' |
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bsiong
Supreme |
07-Oct-2011 10:14
Yells: "The Greatest Wealth is Health" |
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Lian Beng Group plans to jointly redevelop Midlink Plaza after this property was acquired for S$126.8 million by a consortium of which Lian Beng holds a 19% interest through its newly formed associate company Millennium Land Pte Ltd. The consortium considers to redevelop this property to a 16-storey hotel with about 450 to 500 guest rooms, pending relevant approvals from the authorities. (S$0.33, +3.1%) |
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