Lian Beng

Re: Lian Beng

Postby Blackjack » Fri Apr 09, 2010 5:40 pm

I like the strong earnings visibility for the next few years. Any additional contracts will directly add on to its coffer of existing orders. More construction companies are also listing recently to obtain funds for expansion capabilities in face of a fresh round of construction activity. Vested.
User avatar
Blackjack
Foreman
 
Posts: 257
Joined: Tue Jul 08, 2008 10:00 pm

Re: Lian Beng

Postby millionairemind » Wed Jun 30, 2010 6:34 pm

June 30, 2010, 6.21 pm (Singapore time)

Lian Beng wins $88 mln deal from UOL for Spottiswoode Park Rd project


By ANGELA TAN

Building construction company Lian Beng Group has been awarded an S$88.28 million contract by UOL Development Pte Ltd to build a condominium development at Spottiswoode Park Road.

The contract will cover the construction of one 36-storey residential tower, a 6-storey carpark, swimming pool, and other ancillary facilities.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
User avatar
millionairemind
Big Boss
 
Posts: 9605
Joined: Wed May 07, 2008 8:50 am
Location: The Matrix

Re: Lian Beng

Postby millionairemind » Thu Jul 29, 2010 5:56 am

Published July 29, 2010

Lian Beng's FY2010 net profit up 41%

CONSTRUCTION company Lian Beng Group's net profit for the financial year ended May 31 grew 41.3 per cent from a year back to $24.04 million. Revenue was up 12 per cent to $345.71 million.

The better earnings were driven by a strong performance across its construction, property development and ready-mixed concrete divisions. Higher contributions from the property development and ready-mixed concrete divisions boosted revenue to a record $345.7 million, from $308.4 million in FY2009.

Earnings per share surged 41 per cent to 4.54 cents, from 3.21 cents the year before.

In view of its strong performance, Lian Beng is declaring a first and final cash dividend of 0.4 cent per share, and a special dividend of 0.4 cent per share. Together, this represents a dividend payout ratio of 17 per cent.

A year ago it paid a first and final dividend of 0.4 cent a share and a special dividend of 0.20 cents a share.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
User avatar
millionairemind
Big Boss
 
Posts: 9605
Joined: Wed May 07, 2008 8:50 am
Location: The Matrix

Re: Lian Beng

Postby winston » Wed Oct 27, 2010 6:38 pm

Not vested. From Kim Eng:-

Lian Beng Group (LBG SP, $0.305, NOT RATED)

One of Singapore’s major builders, Lian Beng has secured more than $500m worth of construction contracts year‐to‐date for a total orderbook of $875m.

It had a good start to the financial year with 1QFY May11 net profit of $10.9m, already 45% of its FY10 net profit.

A few big projects might be up for tender soon, such as Farrer Court and South Beach, estimated to be worth over $1b in construction work.

Lian Beng’s growth looks set to accelerate if it wins any of the tenders.

http://www.remisiers.org/cms_images/ssu27102010ke.pdf
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106227
Joined: Wed May 07, 2008 9:28 am

Re: Lian Beng

Postby winston » Wed Apr 13, 2011 8:28 am

Not vested

LIAN BENG - Construction firm Lian Beng said its net profit for the nine months ended February doubled to S$36.6 million, up from S$17.4 million in the year-ago period, due to higher revenue from construction and its property development businesses.


Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106227
Joined: Wed May 07, 2008 9:28 am

Re: Lian Beng

Postby winston » Tue Jun 07, 2011 8:39 am

Not vested

LIAN BENG GROUP - Construction firm Lian Beng Group said it won a contract worth about S$150.7 million to build a condominium in Singapore.

The project will begin this month and is expected to complete by August 2014.


Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106227
Joined: Wed May 07, 2008 9:28 am

Re: Lian Beng

Postby winston » Wed Aug 10, 2011 7:26 pm

Not vested

Lian Beng (BUY, TP S$0.715).

Main contractor Lian Beng no longer rides on the booms and bust of construction sector. 4QFY11 earnings were in-line with our estimates, coming in at S$11.6m, up 73.8% YoY, on the back of strong construction demand.

FY11 was a record year, with earnings hitting S$48.2m, well within our expectations of S$47.6m. LBG is set to ride on Singapore's current building boom, from both public and private projects and its ventures in private residential and industrial developments will help boost its bottom line.

As at May 2011, LBG has a healthy order book of S$839m (up from S$661m in Feb 11). The contracts will run till FY14, lending some visibility to its earnings.

LBG’s cash hoard, which stands at S$149.9m, will allow it to grow its property development business. On the back of strong construction demand and LBG’s strong track record of project wins (it secured two projects worth S$279.5m in Jun 11), we estimate LBG’s FY12 earnings to come in at S$54.1m, which suggests a prospective P/E of just 3.3x.

Our TP of S$0.715 is pegged to sector average of 7x prospective P/E.

Source: DMG
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106227
Joined: Wed May 07, 2008 9:28 am

Re: Lian Beng

Postby winston » Tue Sep 20, 2011 8:26 am

Are the Taiwanese lining up to buy Spore shares ?

Not vested

Singapore construction firm Lian Beng may be in focus, after announcing its plan to spin off its engineering and concrete units for a primary listing on the Taiwan Stock Exchange.

Lian Beng said the business has reached a sufficient scale to justify a separate listing.

Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106227
Joined: Wed May 07, 2008 9:28 am

Re: Lian Beng

Postby winston » Tue Oct 11, 2011 9:07 am

not vested

Construction firm Lian Beng said its first quarter net profit grew 76 percent from a year ago to S$19.3 million, boosted by a one-time gain from the sale of a investment property for S$7.9 million.

Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106227
Joined: Wed May 07, 2008 9:28 am

Re: Lian Beng

Postby winston » Wed Nov 30, 2011 8:41 am

not vested

Construction firm Lian Beng Group Ltd said it has secured contracts worth S$98 million for building works on a public housing project, a factory and a workers' dormitory in Singapore.

Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106227
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to L to R

Who is online

Users browsing this forum: No registered users and 1 guest