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Lian Beng: Joins Consortium To Acquire Midlink Plaza For S$126.8 Million.
07 Oct 2011 09:45
Lian Beng Group plans to jointly redevelop Midlink Plaza after this property was acquired for S$126.8 million by a consortium of which Lian Beng holds a 19% interest through its newly formed associate company Millennium Land Pte Ltd. The consortium considers to redevelop this property to a 16-storey hotel with about 450 to 500 guest rooms, pending relevant approvals from the authorities. Midlink Plaza is a 9-storey strata-titled retail-cum-office development, with gross floor area of 128,076 sq ft and strategically located at the junction of Middle Road and Queen Street. Within a convenient distance of about 200 metres to Bugis MRT station, the property lies in the heart of URA's designated district for Cultural, Educational and Entertainment Hub in Bugis. Located within the Bugis-Bras Basah hub, this property is a stone's throw away from educational and cultural institutions such as The Singapore Management University, The Nanyang Academy of Fine Arts, The Singapore Art Museum and The National Library Building...Attachments:
Lian Beng Group plans to jointly redevelop Midlink Plaza after this property was acquired for S$126.8 million by a consortium of which Lian Beng holds a 19% interest through its newly formed associate company Millennium Land Pte Ltd.
http://sgsharemarket.com/home/2011/10/singapore-company-highlights-07102011/?=LianBeng
Need to take winning if not wait lose all back.
I had cut at 0.375 liao.
Market is at a dangerous stage of last support.
I dont wish to play this kind of risk, long or short also can die.
Lian beng chart view
http://www.tradestockdiary.blogspot.com
http://www.holistichealingnatural.blogspot.com
Latest DMG & Partners Securities upgrade Lian Beng to Target Price of Strong Buy of 71 Cents, based on 7 x perspective PE ratio. Indeed Lian Beng is well positioned on back of strong order book of S$ 839 million and good track record of project wins. Now at very undervalued price of only 3.4 PE ratio. Note that BCA expects construction value to hit S$28 billion this year, and it is construction boom and good construction stock is indeed defensive play! Chairman Ong stated that Lian Beng will tender for more public project, part of 25,000 HDB flats this year and next year. Will check with him at AGM on 26 Sep 2011. Good luck to all Lian Beng investors....
Ya. all analysis TP is bull shit.
Trust your own TP :)
focusy ( Date: 24-Sep-2011 15:13) Posted:
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ROXY-PACIFIC, LIAN BENG: What analysts now say....
They say 71 cents, I say no need reach 71 ..... Just 55 enuff for me.
This 2 days market lau sai until lose form liao,
Lian Beng still can green green! Strong solid counter in thunderstorm :)
Play carefully... I see how first next week...
Thanks for the advice. Much appreciated :)
treat you ice cream next time !!!
warrenbegger ( Date: 23-Sep-2011 01:21) Posted:
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Wa, U want me to slap my own face ah?
Yesterday market drop like shit Lian Beng still green green at a much higher px, thats show many willing buyer and supporter.
With CD on 4 oct $16/lots, and with a analysis upgrade and recommend at a 0.71TP, no wonder many feel the low PE and cheapness.
And construction sector will last at least 2 years+ if no shit coming. But nothing is sure, U see maritime start of years so super strong and now become sai liao.
To speak the truth in my own view, dont chase more than 0.365 at this rotten market, but can try loading at below 0.360 for more upside and allowance.
*Anything can changes, nothing is for sure :)
JUNWEI9756 ( Date: 23-Sep-2011 00:59) Posted:
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LIAN BENG CAN BUY ????
warrenbegger ( Date: 23-Sep-2011 00:52) Posted:
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Those who throw down to me at 0.340 last week, i wish to said a big thank U :)
The moment U throw, u never know what will happen next...
How many really know when to buy and sell at the best timing?
warrenbegger ( Date: 01-Aug-2011 22:53) Posted:
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Wa......Company is spinning off it's business to list in Taiwan.....Say unlock value for shareholders, actually is unlock value for himself only lo. Spinning off Lian Beng's original asset for seperate Listing in taiwan at the expense of minority shareholder lo.....Poor Lian Beng Shareholder lo-My opinion.
It's selling it out and cash in the company instead of giving out the new listed entity to original shareholder's of Lian Beng.Shortchanged
funny guy, you already said u jump.
then , who is the who???
warrenbegger ( Date: 01-Aug-2011 22:53) Posted:
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Today Q for some counter didnt get any shit. Pls throw down more Lian Beng to 0.350 so i can help u cut cost :)
Tomorrow market maybe more lau sai so pls let me save U :)
If i dont jump to shit pool, who jump?
Cheers :)
Tomorrow market maybe more lau sai so pls let me save U :)
If i dont jump to shit pool, who jump?
Cheers :)
Quite expected - sure to have profit taking from those who bought @0.35. No stock i know of trends upwards beyond a few days to a week, before retreating a little (or a lot), before resuming uptrend - for uptrending, profitable and growth based counters, of course. Given the recent financial year results, very unlikely to downtrend over the next few months for Lian Beng, barring some major natural disaster or man made snafu.
chinton86 ( Date: 30-Jul-2011 14:09) Posted:
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GOOD EPS BUT POOR MARGIN, OK DIVIDEN....
chinton86 ( Date: 30-Jul-2011 14:09) Posted:
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But share price rolling down
Wooot! Full year Fincancial report released, ended May 31, 2011
First and final divident: S$0.01 Special divident: S$0.006 - both to be paid out on October 19, 2011, subject to shareholders approval at the AGM scheduled for Sept 19, 2011.
Financials on a roll!
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_930070D69BB3AB59482578DB0032E58F/$file/PressRelease.pdf?openelement
Cheers :)