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old news...........
pharoah88 ( Date: 01-Aug-2011 18:59) Posted:
Koon Holdings' wholly owned subsidiary Koon Construction and Transport has been awarded a S$37.9m infrastructure contract by the HDB. |
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Koon Holdings' wholly owned subsidiary Koon Construction and Transport has been awarded a S$37.9m infrastructure contract by the HDB.
if KOON nice to buy for long term? any idea from all the experts here?
Saw some vibration last week...
mr koon koon pls wake up, kor song for 2 days liao.
Huart Big Big AH !!! Got bonus soon and should be cheaonging again due to housing demand by HDB and private property in sg. By supplying precast earn big big liao :)
Koon Holdings, one of Singapore’s largest civil engineering, reclamation and shore protection specialists, says subsidiaries, Koon Construction and Transport Co. (KCTC), Econ Precast Pte Ltd (EPPL) and Construction Technology (“Contech”) have been awarded several new government projects worth $45.7 million.
KCTC will begin construction of an infrastructure project in the eastern part of Singapore for a government agency which is expected to last 18 months. This latest contract win boosts the group’s total outstanding construction order book to $58.9 million.
Separately, the group’s recently acquired precast division has continued to ride on the Housing Development Board’s (HDB) ramp-up in new flat supply to secure three new precast contracts. Under the scope of the contracts, Koon will produce, supply and deliver a series of precast components, like ferrolite partition walls, prestressed & non-prestressed planks, beams, columns, facade walls, gable end wall, household shelter, staircase, aircon ledge, refuse chute and water tanks, to various HDB projects.
The contracts will span a duration of 15 to 24 months and increases its precast order book to $34.0 million.
With HDB flat supply expected to hit 17,700 this year, Koon Holdings says demand for precast products should remain strong in the near term.
| Koon +2.4%; Interest picks up on order wins |
| WRITTEN BY DOW JONES & CO, INC |
| WEDNESDAY, 08 DECEMBER 2010 15:10 |
Koon Holdings (5DL.SG) +2.4% at $0.645 vs untraded at midday break; interest in the thinly traded stock picks up after the Singapore-based civil engineering company announces, in an exchange filing, that its subsidiaries have been awarded several new government projects worth a total of $45.7 million.
Though the projects are not expected to materially affect the group’s performance for the FY ending December 31, 2010, orders from government agencies are likely to remain buoyant as the government is expected to continue increasing the supply of public, private housing to try to curb property price gains.
Koon is also likely to be a beneficiary of increased infrastructure spending. The company says it’s optimistic over orders for the last quarter of the year, as another 49 civil engineering projects are set to come up for tender and it’s reaping the benefits of moving into upstream precast products.
Orderbook quotes suggest the stock may be capped at $0.650 today; medium-term resistance likely at its $0.69 all-time high. |
/theedgesingapore/- iread i post
44c is the resistance will try to break this afternoon.
once broken 44c, it will fly.........
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