Post Reply
41-60 of 81
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].
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].
this month announce ? thinking of selling my 140lots..
tankuku ( Date: 09-Nov-2011 08:44) Posted:
|
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.
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...
coolraider ( Date: 04-Nov-2011 10:24) Posted:
|
The annoucement is made few weeks back.
http://www.asianewsnet.net/home/news.php?id=21898
ChillX ( Date: 04-Nov-2011 08:53) Posted:
|
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. :)
| Lian Beng eyes spin-off Taiwan listing |
|
Construction company Lian Beng Group is proposing to spin off its engineering and concrete business for a primary listing on the Taiwan Stock Exchange (TWSE). In a press release, Lian Beng executive chairman Ong Pang Aik said that both units have grown to a sizeable scale for a separate listing. He added that the funds raised by the proposed spin-off will help the expansion of the group's engineering and concrete business. Lian Beng has already won pre-clearance from SGX for this proposed spin-off. It will also be convening an extraordinary general meeting at a later date to seek approval from its shareholders.The company said it will announce any material updates when appropriate. |
SHOULD BE MAKING ANNOUNCEMENT SOON . DO vest and good luck
Totally agreed.
Yongnam is one very good example.
warrenbegger ( Date: 13-Oct-2011 21:26) Posted:
|
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.
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.
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 )
warrenbegger ( Date: 13-Oct-2011 21:26) Posted:
|
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 :)
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.
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.
warrenbegger ( Date: 12-Oct-2011 23:49) Posted:
|
I like Ah beng.
Good for hit and run target :)
Cheers to those who know what i means...
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.
Lian Beng posts 75% rise in 1Q net profit to $19.1m
| WRITTEN BY THE EDGE |
MONDAY, 10 OCTOBER 2011 21:33 |
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.
The rise came on the back of a 21% construction company in its first quarter revenue to $135.8 million from $112.3 million.
Revenue contribution came its core construction segment, property development as well as ready-mixed concrete segments during the quarter.
There was also a one-time gain of $7.9 million from the sale of its New Industrial Road investment property.
Lian Beng says it is cautiously optimistic on its outlook for the construction industry for the next 12 months.