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Sorry, Just to show how bullish CSC is, Goldman Sach has created an investment basket for the construction sector. 12% of that basket is dedicated to CSC. Check out the original artcile from Goldman Sach here..... http://www.cschl.com.sg/index.php?option=com_content&task=view&id=22&Itemid=22 Its the 4th item in the list.
Last recorded PE ratio was over 40. With current earning more than double what was forecast(released on Nov 9th Evening after market closed), to sutain the current PE, the share price will HAVE to increase to more than $1 (as at Nov 9 - 0.345). It is only a matter of time. Good luck to us all!! and God Bless CSC.
CSC is also presently the number 1 in Singapore for what they do. And what they do is lay foundations for sky scrapers. Witht the present earth quake square in singapore, it is only natural that developers will sub contract the laying of the foundation to the specialists. Even if it is at a sligh premium.
Present earning growth will definitely sustain throught out the next financial year as well. Also, presently I feel that CSC is bogged down with demand in Singapore. Once they get some breathing space, the next location would be vietnam, just like Chip Eng Seng. So earning are bound to grow.
Any of you'll still having any reservations, go chk out this link... http://8groups.com/marinabaysands.html .....after you see the pics, now think about this "what about the reputaion of the guy who laid the foundation for that lovely marvel?"