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funny, wonder why the sell down...but still, gonna keep a good look out, although I'm not good into TA, correct me if I am wrong, charts looks pretty good rt?
There is a selldown of 2.3 millions at 3 plus 
The news was announced yesterday afternoon, henec the price sot up to 0.375 once but after that keep dropping till now
LIAN BENG WINS CONTRACTS WORTH S$96.3 MILLION; GROUP SUBMITTED TENDER BIDS FOR INTEGRATED RESORT PROJECTS
www.sgx.com.sg
What news? The 96.3M news? or IR news?
relax, profit taking.... alot dunno about the news mah.
This counter going into my watchlist...
I doubt so leh .... the shortist are playing with the price
The show is coming, have vested today and waiting for it to perform.
Sure or not .... can't wait : )
Lian Beng can hit 40cents this week.
Hi all,
I believe if Lian Beng can annouce publicly that they have submitted bids for the Sentosa (Genting) IR, they must be quite confident of winning it.
The simple fact is that there are 2 Mega IRs coming out at the same time plus there are numerous condo projects coming out in Singapore. There will definitely be a shortage of grade A construction firms to take on the job. In fact, one single construction firm may not be able to win the whole job and it is highly possible several construction firms will have to share the pie. This is very much the case for large projects where the contract is broken down into several packages. The owner of the project is normally concerned about giving the whole project to 1 single contractor just in case they fail to deliver.....
In this case, those of us who still have lian beng shares hope that they will go on to win a share of the yummy IR pie.....
Chiong Ah!!!!
Hmmm, I have just taken profit at 37.5 cents liao... Good or bad timing ?
Why is the price dropping instead : (
LIAN BENG WINS CONTRACTS WORTH S$96.3 MILLION;
GROUP SUBMITTED TENDER BIDS FOR INTEGRATED
RESORT PROJECTS
Singapore, April 25, 2007 ? Lian Beng Group Ltd (?Lian Beng Group?) today
announced that Lian Beng Construction (1988) Pte Ltd (?Lian Beng Construction?), its
wholly-owned subsidiary, has won two new design-and-build contracts worth a total
of S$96.3 million, bringing the aggregate value of Lian Beng Group?s project won in
the past four months to approximately S$255.2 million.
The first contract was awarded by UIC Supplies Pte Ltd for the design and build of a
proposed 199-unit condominium housing development at Bukit Batok East Avenue 6.
The project has a contract value of S$48.1 million. It is expected to commence on 17
September 2007.
The second contract, awarded by Avenue Park Development Pte Ltd, is for a
proposed 175-unit condominium housing development at Sixth Avenue. The contract
sum of the project is S$48.2 million. The project is expected to commence on 7 May
2007.
Commenting on the contract wins, Mr Ong Pang Aik, Executive Chairman of Lian
Beng Group said, ?We are pleased to have secured the two new contracts which will
further strengthen the Group?s order book and track record. Going forward, the
upturn in the private property market, as well as the large number of en-bloc sales
that have taken place over the past year, are expected to boost the demand for
construction services. Given the strong growth momentum, we are looking forward
to increasing our business activities for the current year. Furthermore, the significant
demand for construction arising from the two Integrated Resort (?IR?) projects will
bring about more opportunities. Hence, the Group remains upbeat on the outlook of
the construction sector.?
Lian Beng Group has submitted the tender bids for the IR construction of the first
phase of Marina Bay Sands and Resorts World, at Sentosa. Being one of
Singapore?s leading building construction companies, the Group is well positioned to
capitalise on the growth opportunities presented by the two IR projects.
GROUP SUBMITTED TENDER BIDS FOR INTEGRATED
RESORT PROJECTS
Singapore, April 25, 2007 ? Lian Beng Group Ltd (?Lian Beng Group?) today
announced that Lian Beng Construction (1988) Pte Ltd (?Lian Beng Construction?), its
wholly-owned subsidiary, has won two new design-and-build contracts worth a total
of S$96.3 million, bringing the aggregate value of Lian Beng Group?s project won in
the past four months to approximately S$255.2 million.
The first contract was awarded by UIC Supplies Pte Ltd for the design and build of a
proposed 199-unit condominium housing development at Bukit Batok East Avenue 6.
The project has a contract value of S$48.1 million. It is expected to commence on 17
September 2007.
The second contract, awarded by Avenue Park Development Pte Ltd, is for a
proposed 175-unit condominium housing development at Sixth Avenue. The contract
sum of the project is S$48.2 million. The project is expected to commence on 7 May
2007.
Commenting on the contract wins, Mr Ong Pang Aik, Executive Chairman of Lian
Beng Group said, ?We are pleased to have secured the two new contracts which will
further strengthen the Group?s order book and track record. Going forward, the
upturn in the private property market, as well as the large number of en-bloc sales
that have taken place over the past year, are expected to boost the demand for
construction services. Given the strong growth momentum, we are looking forward
to increasing our business activities for the current year. Furthermore, the significant
demand for construction arising from the two Integrated Resort (?IR?) projects will
bring about more opportunities. Hence, the Group remains upbeat on the outlook of
the construction sector.?
Lian Beng Group has submitted the tender bids for the IR construction of the first
phase of Marina Bay Sands and Resorts World, at Sentosa. Being one of
Singapore?s leading building construction companies, the Group is well positioned to
capitalise on the growth opportunities presented by the two IR projects.
Just a word of caution based on my past earlier experiences. Used to hear and act upon just rumours and discussions, thus got burnt slightly. It will be more worthwhile waiting for the announcement through the horses mouth. Stay tune! To all--> Trade with analysis and evidence yea~!
I read in the discussion forum at channelnewsasia that Lian Beng has gotten the IR project and that a trading halt is coming.
Anyone care to comment?