InvestIdeas

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MIDCAP-Singapore's Lian Beng trades well below mean price target

Singapore's Lian Beng Group trades at a huge discount to its mean price target, the widest among 22 stocks that have a StarMine Earnings Quality score greater than 70 and are tracked by at least three analysts.

Shares of the construction firm have a mean price target of S$0.67 and currently trade at a 42 percent discount.

At current levels, the stock looks attractive and trades close to a fifth of its StarMine Intrinsic Value of S$1.66. It has a price-earnings/growth ratio of 0.27.

The two other stocks trading at big discounts - around 20 percent each - to mean price targets and with sustainable earnings in the near future are Osim International and Ara Asset Management .

Lian Beng has an overall 'strong buy' recommendation while Osim and Ara Asset Management have 'buy' ratings.

CONTEXT: Ara Asset Management is a property fund manager and Osim International manufactures massage chairs.

A high score on StarMine's Earnings Quality (EQ) model signals strong earnings sustainability over the next 12 months based on a company's past operating performance.

StarMine's Intrinsic Value adjusts for the usually optimistic bias in analysts' EPS forecasts and then uses the resulting growth rate and dividends to determine the valuation.


Source: Reuters

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Construction company Lian Beng said its nine-month net profit rose 10 percent to S$40.5 million from a year ago, helped by improving gross profit margins.

Revenue decreased 12 percent to S$333.7 million, mainly due to lower construction work recognised.


Source: Reuters

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Construction company Lian Beng said its nine-month net profit rose 10 percent to S$40.5 million from a year ago, helped by improving gross profit margins.

Revenue decreased 12 percent to S$333.7 million, mainly due to lower construction work recognised.


Source: Reuters

not vested

Lian Beng (LBG SP, BUY, TP: SGD1.17)
Poised For Quality Growth Ahead Results Review

Lian Beng delivered a strong set of FY14 results, with core PATMI of c. SGD70m (excluding a fair value gain on investment properties) beating our SGD68.3m estimate.

It declared a DPS of 2.25 cents, implying a 3.1% yield.

Its DPS may have missed our initial estimate, but the cash could be utilized in investments like Prudential Tower.

This, along with its new granite supply arm, could be key growth catalysts for FY15 and beyond.

Maintain BUY with SGD1.17 TP.

Source: DMG

Lian Beng resignations: Bonus dispute key factor
http://www.straitstimes.com/business/co ... key-factor

Quite good result


Lian Beng FY2016
http://infopub.sgx.com/FileOpen/Results ... eID=361894


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Not vested

Lian Beng posts 169.5% rise in 1Q earnings to $32.3 million
http://sgx.i3investor.com/servlets/fdnews/54595.jsp

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Lian Beng is one of Singapore’s largest and leading construction groups.

The Group is currently enjoying the fruits of its past labour as 1QFY16 profit has surged more than 100% on the recognition of property development profits.

With its bulging cashflows returning from development projects, Lian Beng has been reinvesting it as the Group starts to grow its recurring income base.

Lian Beng is currently trading at an attractive 0.6x P/B with about a 6% dividend yield.

Source: UOBKH

Lian Beng wins $435 mil construction contract from HDB
http://www.theedgemarkets.com.sg/articl ... ntract-hdb

Lian Beng posts 71% fall in 9M earnings to $21 mil on lower sales
http://www.theedgemarkets.com.sg/articl ... ower-sales