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LUM CHANG
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krisluke
Supreme |
11-Sep-2011 11:46
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Lum Chang: secured a construction contract for a commercial devt at Biopolis Road/ Biomedical Grove valued at $91.5m, awarded by Ascendas Venture. The scope fo the contract includes the design and build of a 7 storey building with a mezzanine floor and a basement carpark. The contract is expected to be completed in Aug ’13, but is not expected to have material financial impact for FYJun12. This brings the co’s total outstanding order book is $1.1b, which compares with FY11 revenue of $196m. Stock trades at an undemanding 6.1x P/E, 0.73x P/B. Following the in-line FY11 results, the co has proposed 2cts first and final div, which translates to 7.3% yield. |
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katak88
Senior |
09-May-2011 11:11
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Lum Chang awarded tender to build commercial development at Science Park Drive for $152.2m WRITTEN BY THE EDGE FRIDAY, 06 MAY 2011 22:31 Lum Chang says unit Lum Chang Building Contractors has been awarded a management contract by Ascendas Land (Singapore) to build a commercial development at Science Park Drive for a contract sum of $152.2 million. Construction will be carried out in two phases and includes the demolition of existing buildings. When completed, the new development will comprise three office buildings of one seven-storey and two eight-storey blocks. Phase 1 is expected to start in May and end in Aug 2015. Lum Chang Building Contractors says it will recognise revenue from this contract progressively. |
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bsiong
Supreme |
24-Feb-2011 09:17
Yells: "The Greatest Wealth is Health" |
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Lum Chang Holdings Limited announced that it has been awarded the tender by Ho Bee (One North) Pte Ltd to build an office development at North Buona Vista Drive for s contract sum of SGD297.7 million. The Project is scheduled to commence in March 2011, and expected to be complete in September 2013. |
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enghou
Senior |
14-Jan-2011 20:10
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The Edge Technical Comment Prices are trying to break above the 100-day moving average at 31 cents. A successful break would indicate a measuring objective of 36 cents. Quarterly momentum is in a base formation. RSI is rising, as is ADX, and the DIs are positively placed. These indicators suggest that prices should be able to break out successfully. It is trading at about 22% discount to NAV of 39.8 cents. Life Is Great |
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enghou
Senior |
16-Nov-2010 17:09
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Lum Chang Holdings (LCH SP, $0.305, NOT RATED) – Prospects are looking up for Lum Chang. Its 20%‐ owned Esparina Residences, the first executive condominium to be launched in five years, saw overwhelming demand with better‐than‐expected prices achieved. This will contribute to earnings over the next three years, adding ~$0.06/share to the RNAV. As a main contractor for Downtown Line Stage 2, Lum Chang stands a good chance of securing contracts from the government’s $60b boost for the MRT network.
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Hulumas
Supreme |
15-Sep-2010 12:39
Yells: "INVEST but not TRADE please!" |
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Yes, it is selected as the Best six months stock picking holding time horizon SGX small cap.
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katak88
Senior |
30-Dec-2009 19:52
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Business Times - 30 Dec 2009
Lum Chang unit wins $27.5m Changi project LCBC expects to complete the project in 14 months By EMILYN YAP LUM Chang Holdings subsidiary Lum Chang Building Contractors (LCBC) has won a $27.5 million design-and-build contract for the third phase of a commercial development at Changi Business Park Avenue 3. The deal was awarded by the trustee of Ascendas Real Estate Investment Trust. LCBC expects to complete the project in 14 months and will recognise the earnings progressively, according to completion stages. It does not see the project having a material financial impact on group results for the current financial year ending June 30, 2010. The development at Changi Business Park comprises three eight-storey towers, and LCBC was involved in the first two phases of construction. In 2007, it clinched a $71.8 million tender to build an office building and a basement carpark. Then in August last year it won a $76.5 million contract to construct another tower and a podium. The latest tender is for the third and final phase of the development, which involves building the third tower. LCBC has closed several other deals this year, including a $452.4 million contract for the new Bukit Panjang MRT station and associated tunnels. The latest Changi Business Park tender takes the value of contracts in progress to over $800 million. Past projects have boosted takings for LCBC's parent Lum Chang Holdings. Last month, the latter reported a net profit of $7.02 million for its first quarter ended Sept 30 - more than eight times the $837,000 a year ago. Revenue was $52.74 million, up 50 per cent year-on-year. Shares of Lum Chang closed unchanged at 28 cents yesterday. |
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star888
Member |
20-Oct-2009 23:03
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i believe more to come with its 5stars status, just wait and see, a laggard gem | ||
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katak88
Senior |
20-Oct-2009 21:12
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Business Times - 20 Oct 2009 Lum Chang wins $46.5 mln job By KALPANA RASHIWALA Lum Chang Holdings said its unit Lum Chang Building Contractors has clinched a $46.5 million construction job to build a new industrial project in Tuas. The development will comprise a total 10 blocks spread across 45,600 sq metres of land at Tuas South Avenue 1. The contract was awarded by Dril-Quip Asia Pacific Pte Ltd. The project is expected tob e completed in 16 months. http://info.sgx.com/webcorannc.nsf/AnnouncementTodayByCompanyNameAndCategory/8679369CDE693EA64825765500372F96?opendocument |
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star888
Member |
02-Oct-2009 23:56
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Good opportunity to accumulate. Some director had exercised their option at 0.32. Below this price, many will not motivate to do it. Better buy from market. Believe push up soon. |
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star888
Member |
10-Sep-2009 20:17
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LC granted share option at 0.32 for its board of directors. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_7952CBDD3DDC2A074825762D0039247D/$file/LCH_share_optionscheme.pdf?openelement |
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AK_Francis
Supreme |
09-Sep-2009 11:26
Yells: "Happy go lucky, cheers." |
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With your good blessing. A 10% up fr its current(end Jun) NAV of 80cts, reacheable loh, hope only liao. Cheers.
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cheongwee
Elite |
09-Sep-2009 10:46
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i thk this one a 90c potentail...gd lk to you...A_K |
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AK_Francis
Supreme |
09-Sep-2009 10:25
Yells: "Happy go lucky, cheers." |
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With STI slide lightly to 10.71, HSI n SSE r light green now, can see good trading atmosphere on most of the penny, some not been played lately, generally they are deemed good buy now, anticipating good 2H record cards, esp those boosted by their respective 3Q encouraging results. CW, AK dun see any good reason,unless hidden one, for HWT to cheong as high as 77cts(closes to its IPO px of 78cts in Dec 07) but buyer resisted at 71.5 at buyer side. It is alrdy a good sign for it to remain strong after XD on 7 ds mth. Its 1H NPAT is 5.12 mil. Some good old news to share, discard it if not needed. Co expects all its 13 plt in d initial portfolio r operational by end FY09. Now alrdy Sep, its a marketing mth, AK guesses some acc were done owing to optimistism on ds burger when come to Dec, where d forecasted 2HDPU of another 0.0286, if materialised. Last but not least, saleman talk of "Its medium n L/T prospects of d water sector r expected to remain strong" Yah, AK holding some, will collect near a k of div on 25 ds mth. Got Carlsberg liao. Above solely for sharing, no calling ., 2Ys apply. Cheers.
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cheongwee
Elite |
09-Sep-2009 10:00
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Gd morning to you,A_K Francis.....i ever read u vested in hyfluxwt..wat is up with this counter?why the run up?thanks... | ||
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AK_Francis
Supreme |
09-Sep-2009 09:46
Yells: "Happy go lucky, cheers." |
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AM , penny game domination. BIS, HyfluxWT, palm oil r limelight. Once upon a time, ds burger was AK baopei, but painfully dumpped away during stock market crisis time. Only rd up d odd lot, together with other penny odd lots lately. Ha ha, who know it went up like no gov one. Ayah then no more extra bullet in my ammo dump liao.
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star888
Member |
09-Sep-2009 09:30
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Hi Cheongwee senior, since your last comment LC has done up by a spectacular 26%. Still have more up side to go. Join in! doesn't matter it is LP or PL as long as its make money for us. |
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cheongwee
Elite |
09-Sep-2009 01:04
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so shd we call it Lum Par Pte Ltd...or Lum Par Land....or Lum Par Properties.. | ||
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cheongwee
Elite |
09-Sep-2009 01:01
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long ago, there was a joke on this one merging with Haw Par... their new name is call Lum Par....nice name!!! |
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star888
Member |
08-Sep-2009 23:44
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LC sell prime land in M'sia and netted S$31million. |
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