Lian Beng   

Lian Beng

 

married deal at 27c for 60,000,000 shares.

 

Later short squeeze again, how ?

Will it rise further as a result of the short-squeeze ?

 

i'm using chartnexus

looked at lian beng..shows good signs of breaking the 52 week high px..

RSI, MACD and stochastic all showing signs of an uptrend

 

Ozone2002...



You should be okay... it shouldn't be a big problem for you...



Probably need to sit through a profit-taking consolidation period. Then hope it charges up some more from there... But be sure to know when to get out... :)

 

Actually, if one likes a stock, one should monitor its price closely with a chart.



Then one can determine, by TA reckoning, the exact entry point. So when the price behaves as one expect, then entry should be done one, two, or three clicks after the start of the surge, but not more, to maximize the potential gain.

 

ipunter..no prob.. should have done it yest..but i was in reservist :(..

so try my hand today.. hope it doesn't get burnt..keke

 

I was not monitoring the stock at all...

Since you've gone in and then posted you've vested, I commented that if you liked this stock, you could have gone in when it was lower rather than after it has surged... :)

 

ipunter..now than u say..i gone in already :(

 

It is generally not advisable to buy after the surge. Buying before the surge ie. @0.295 (the day before yesterday) is much preferred if one likes this counter.

 

Lianbeng looking gd...

vested at 355

 

Anyone care to share about the outlook of this counter?

 

It said its order book may rise 20% to about $320 million over the next three years after it won home reconstruction contracts in the Maldives. The growth rate lags that of other building firms such as Yongnam as the construction sector recovers after a prolonged downturn.



Lian Beng, which builds high-rise apartments in both the upmarket and mid-market sectors, is building 600 houses in the Maldives to replace homes destroyed by the Dec. 26, 2004 tsunami.



Executive Chairman Ong Pang Aik told Reuters that his forecast was conservative as he did not want to trigger a profit warning if it turned out that the firm could not meet its target.



"We are looking regional in the next three to five years. If there are good opportunities in other areas, we will definitely look into it," said Ong Lay Koon, Ong's sister, who is also a director of the firm.



Lian Beng shares rose to close at a six-year high following Ong's comments.



Lian Beng, through a joint venture with a private firm in the Maldives, won a US$17.4 million contract to build the houses from the International Red Cross and is in talks to build two schools in the Maldives, the executive chairman said.



He added that the firm was in talks to build several more infrastructure projects in the Maldives and low-rise residential apartments in Papua New Guinea.



Ong forecast the firm's total revenue would rise by about 20% to around $230 million within the next three to five years.



Ong is the eldest son in a family of 11 children and has been with the firm since it was founded by his father in 1973.



Today, the firm has a market capitalisation of about US$97.5 million. Listed in 1999, its shares have surged over 50% since the start of the year, making it the third-best performer in the construction index, after BBR and Yongnam.



Ong said Lian Beng aims to secure more construction projects in both domestic and overseas markets.



The firm has been invited to submit a bid to build part of Marina Bay IR-- the world's most expensive gambling resort with an investment amount of US$3.2 billion by Las Vegas Sands.



Lian Beng, which diversified into the energy sector in 2004, also said it plans to secure concessions to operate two coal mines, in the province of Kalimantan in Indonesia. The firm is carrying out overburden removal works in Kalimantan, which involves excavating the top soil above the coal, a necessary part in the coal-mining process.



The $362 million, five-year contract to undertake overburden removal works is part of a joint venture with Manhattan Resources in Indonesia.



While the firm's overseas businesses accounts for some 16% of revenues, Ong said he expects this would grow to 20% within three years.

 

LumChang also clinch a deal to built hotel at Changi Airport Terminal 3 (contract worth S$74 million as compare to LianBeng $94million)


But it didn't enjoy the same privileges on a weak tuesday two days back. A overlook counter if due to AFX news is check back on last friday

 

Yes I concur with that fenizz.......

Cheong........

 

the show just started for this lao beng....cheong ahhhh ah beng ah seng ah lian all hand in hand...cheong to 30c first

 

LIAN BENG SECURES NEW CONTRACT BRINGING GROUP?S
TOTAL PROJECT ORDERS IN DECEMBER TO OVER S$150
MILLION

Singapore, December 27, 2006 -

Lian Beng Group Ltd (?Lian Beng Group?) today announced that its wholly owned subsidiary, Lian Beng Construction (1988) Pte Ltd(?LBC?), has been awarded by Tripartite Developers Pte Ltd, a main contract worth S$93 million.

The new contract is for the proposed condominium housing development comprising 4 blocks of 8-storey apartment, housing a total of 472 units, with basement carpark, swimming pool and other common facilities with approved 66KV substation on Lots 3920W and 4156K PT MK 31 at Flora Drive in Pasir Ris Planning Area. The contract is expected to be complete within 130 weeks from January 2007.

Lian Beng Group had announced earlier this month two condominium housing development contracts worth S$65.9 million secured from UIC Investment Pte Ltd. Hence, the new contract brings Lian Beng Group?s total project orders to S$158.9 million in December alone.

Commenting on the recent projects awarded, Mr Ong Pang Aik, Chairman and Managing Director of Lian Beng Group said, ?The new contract, together with the two contracts secured by LBC earlier this month, are expected to contribute positively to the group?s turnover and profit. They will further strengthen the group?s order book for the financial year 2008.?

Going forward, the group is positive on the outlook of the construction sector. Mr Ong said, ?With the price recovery in the property market, the acceleration of en bloc sales and the construction of the integrated resorts, we expect the overall business sentiment within the construction sector to improve next year.?

He further added, ?With Lian Beng Group?s expertise and strong track record, the group will continue to participate for more tenders in both domestic and overseas markets to achieve better performance in the years ahead.?

 

Wow! Really cheonged to .185.... ie. already broken out of 0.17 resistance.

May continue to cheong higher, but before that, maybe it will dip for a little well deserved rest first.

Or if it is still hot, it may not rest at all. It all depends on the buyers. :)

 

This counter seems to have just woken up .... finally...

 

This one has low and inconsistent volumes... after the recent excitement, its probably going into hibernation again.

TA people should avoid.