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Ley Choon Constructions and Engineering Pte Ltd
contract by the Land Transport Authority
(“LTA”) for the design and construction of sewer diversion works along Woodlands Avenue 2.
The latest contract win came hard on the heels of two earlier contracts worth a total of
approximately S$24.3 million awarded by other major customers in November last year. The
Group’s total gross order book, including the new contract, now stands at S$169 million with
projects stretching up to 2014.
Is Ley Choon a good BUY, after seeing other construction stocks have moved upwards?
This stock has yet to chiong up. Worth a look.
" Ley Choon is a L6 registered contractor (the highest grade) in the categories of cable/pipe laying and road reinstatement, pipes, and other basic construction materials with the Building and Construction Authority (“BCA”), which allows us to tender for Singapore public sector contracts of unlimited value. We are also registered as an A2 contractor in the category of civil engineering (CW02)."
how is the management team compared with our local construction companies?
Pui .... Yesterday Buy 200 lots Kenna wack ..... Sold off at a lost today ....
Prospects and Growth Strategies
The Building Construction Authority (“BCA”) estimated that public sector construction demand is likely to stay strong at between S$12 billion and S$15 billion a year in 2013 and 2014, with about 40% coming from civil engineering projects(1). Other initiatives which the Directors believe will benefit the Group include LTA’s plan to continue to build new road infrastructure to cater to the travel demands of new employment and residential centres over the next 15 years(2). In addition, PUB intends to carry out rehabilitation programmes for public sewers and pumping mains(3). As part of its on-going drainage improvement programme, PUB has also scheduled 10 major drainage projects which will progressively be completed between 2012 and 2015(3) and also intends to spend about S$750 million to carry out 20 drainage improvement projects over the next five years(4). Mr Toh concluded, “The outlook for Ley Choon is expected to remain robust, fuelled by the growth in public sector construction demand in Singapore and the region. With Asia’s rapid industrialisation and high population growth, there will be a corresponding increase in demand for construction and maintenance of public utilities infrastructure and sewer pipeline rehabilitation.”
Anyone buying ley Choon ? It's cheap at 24.5 ..... Tp 0.45