Tiong Seng

Tiong Seng

Postby millionairemind » Wed Jun 09, 2010 10:09 am

Published June 9, 2010

Tiong Seng clinches $146m deal to build Tree House


By OLIVIA HO

CONSTRUCTION group Tiong Seng Holdings has won a $146 million contract to build Tree House - an eco-condominium pro-ject in Chestnut Avenue, off Upper Bukit Timah Road.

The contract, won through subsidiary Tiong Seng Contractors (TSC), was awarded by Chestnut Avenue Developments, a joint venture between City Developments and Hong Realty. Work on the project is expected to start next month and be completed by December 2012.

The contract scope for the 429-unit Tree House includes designing and building the four 24-storey towers as well as the eco-features and recreational amenities.

The towers will have expansive green walls that will function as a vertical green lung, reducing the development's carbon footprint and collecting rainwater to irrigate its gardens.

Based on its design specifications, Tree House has clinched the Green Mark Platinum Award - the Building and Construction Authority's (BCA) highest environmental accolade. This year, Tiong Seng also clinched three BCA Construction Excellence awards for the construction of Parc Emily, Riveredge and St Regis Residences.

With the latest contract win, Tiong Seng's order book stands at about $1.1 billion. The group expects the majority of these orders to be fulfilled over the next 12 to 30 months.

Tiong Seng Holdings' CEO Pek Lian Guan expressed excitement about the Tree House - particularly its iconic vertical green walls. 'Having constructed a strong portfolio of green buildings in Singapore, Tiong Seng has the experience and expertise in managing the Green System during the construction process,' he said.

Tiong Seng's first quarter 2010 net profit was $3.1 million, down from $5.2 million a year earlier. Revenue fell to $54.2 million from $122.8 million.

Tiong Seng's stock ended trading 1.5 cents higher yesterday at 25 cents.
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Re: Tiong Seng Holding

Postby LenaHuat » Fri Oct 22, 2010 3:23 pm

Tiong Seng - Samsung's $270m JV to build Farrer Park Hospital, Farrer Park Medical Center and 1 Farrer Hotel commenced today. The medical group took out full page adverts in BT,ST and Zaobao today.
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Re: Tiong Seng Holding

Postby winston » Wed Dec 01, 2010 6:51 pm

Not vested. From DBS:-

Maintain BUY, TP S$0.36 with 29% upside.

Our target price of S$0.36 is premised on 30% discount to SOTP value of S$0.50.

We anticipate news-flow of more contract wins to provide re-rating opportunities for share price in the near term.

http://www.remisiers.org/cms_images/res ... l_DBSV.pdf
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Tiong Seng Holding

Postby winston » Tue Apr 05, 2011 8:46 am

Not vested

Singapore construction firm Tiong Seng said on Monday it had won a S$192 million ($152.4 million) building and contingency works contract from the city-state's Housing and Development Board.


Source: Reuters
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Re: Tiong Seng Holding

Postby winston » Thu Apr 21, 2011 9:04 am

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TIONG SENG HOLDINGS - Singapore's Tiong Seng Holdings said its unit Tiong Seng Contractors had won a S$104 million ($84 million) contract for constructing an upscale housing project in the city.


Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Tiong Seng

Postby winston » Tue Nov 29, 2011 8:30 am

not vested

TIONG SENG HOLDINGS LTD - Construction firm Tiong Seng said on Monday its wholly-owned subsidiary has been awarded a contract to build a condominium in Singapore for S$189.5 million.

Source: Reuters
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Re: Tiong Seng

Postby behappyalways » Sat Feb 25, 2017 7:40 pm

Tiong Seng full year earnings up 49.4% to $15.3 mil on higher revenue
http://www.theedgemarkets.com.sg/articl ... er-revenue
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Re: Tiong Seng

Postby behappyalways » Fri May 12, 2017 6:02 pm

Tiong Seng 1Q earnings up 9% to $4.1 mil
http://www.theedgemarkets.com.sg/tiong- ... s-9-41-mil
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Re: Tiong Seng

Postby behappyalways » Tue Jul 18, 2017 11:09 am

tiong-seng-holdings-acquire-two-residential-sites-jervois-road-21-mil
https://www.theedgesingapore.com/tiong- ... oad-21-mil
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Re: Tiong Seng

Postby behappyalways » Wed Aug 02, 2017 5:56 pm

tiong-seng-earnings-surge-74-143-mil-first-half
https://www.theedgesingapore.com/tiong- ... first-half
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