|
NextInsight :: SGX Stocks |
|
|
|
|
|
Subject :Re:Lian beng and the construction sector..
19-10-2012
|
|
|
| Ah Lian |
Guest |
|
|
|
|
Archie, dun understand your point but I find this company better than many other construction plus property development companies. Read below...
Excerpts from latest analyst reports....
Maybank KE highlights Lian Beng's slew of upcoming launches
Analyst: Alison FOK
Ong Pang Aik, chairman and MD of Lian Beng Group. NextInsight file photo
Launches to start in October. Lian Beng has received the outline planning provision for its respective stakes in property development, and we expect the launch of Hong Leong Gardens to take place in October.
The group holds a 10% stake in Hong Leong Gardens with Oxley Holdings leading the consortium.
It is zoned for mixed use, and we expect selling prices for residential and retail space at SGD1,500psf and SGD3,000psf, respectively.
Secured contracts. Construction remains the core business, accounting for 75% of sales.
Lian Beng has secured a 50% stake in a contract worth SGD169m for 361 units in Thomson Grand with Paul Y C&E.
Works started in August and this job has boosted its construction order book to SGD736.4m, which will be recognised through to 2015.
Steamrolling ahead. We like Lian Beng for its superior construction order book with an even mix of public and private projects, as well as a slew of properties slated for launch over the next few months.
Maintain BUY with a target price of SGD0.63 pegged at 6x FYMay13 PER, backed by an attractive dividend yield of 4.7%.
Recent story: LIAN BENG GROUP: $43 m free cash flow a year till 2015 |
IP Logged
|
|
|
|
|
|
|
Subject :Re:Lian beng and the construction sector..
18-10-2012
|
|
|
| archie2000 |
Guest |
|
|
|
|
pays divd and special bonus out from your own pocket...got rid of all its shares already |
|
IP Logged
|
|
Last Edited On: 18-10-2012 By niadmin for the Reason |
|
|
|
|
|
|
Subject :Re:Lian beng and the construction sector..
18-10-2012
|
|
|
| Cracko |
Guest |
|
|
|
|
There is a hell of a lot of work for construction companies in the next few years yet the boom times are not pushing the valuation of these companies up beyond 4-5-6 X PE. Perhaps it is time for a re-rating of this bunch of stocks, such as Lian Beng, Tiong Seng, Yongnam. What do you think? |
|
IP Logged
|
|
|
|
|
|
|
Subject :Re:Lian beng and the construction sector..
11-10-2012
|
|
|
| Ah Huay |
Guest |
|
|
|
|
Or should I say very competitive amongst the construction companies. Regards. |
|
IP Logged
|
|
|
|
|
|
|
Subject :Re:Lian beng and the construction sector..
11-10-2012
|
|
|
| Ah Huay |
Guest |
|
|
|
|
Ah Beng, so is it due to the one-off gain or a revised accounting standard or both? That means LB's qtrly profit prospects would only be abt S$10mil from now onwards, which is not too impressive. Is there any other fundamental reason/s as the construction activities would have to slow down looking ahead. Thanks. |
|
IP Logged
|
|
|
|
|
|
|
Subject :Re:Lian beng and the construction sector..
10-10-2012
|
|
|
| Ah Beng |
Guest |
|
|
|
|
Perhaps there will be a knee jerk reaction tomorrow based on Lian Beng's 44.9% year-on-year (yoy) decrease in profit to shareholders to S$10.5 million for 1QY2013.
Note that 1Q12 ($19.1 million in net profit) included a one-off gain of S$7.9 million on the sale of an investment property.
Got lower revenue recognition in 1Q13 because of the adoption of revised financial reporting standard INT FRS 115.
|
|
IP Logged
|
|
|
|
|
|
|
Subject :Re:Re:Lian beng and the construction sector..
06-10-2012
|
|
|
| Guest |
Guest |
|
|
|
|
YONGNAM breadking news on nextinsight. MONDAY to rally
http://3.bp.blogspot.com/-4DTspoRiwF0/UG_f1x_ixyI/AAAAAAAAALA/KraNxEH20Ow/s1600/Yongnameroadshow.png
http://www.youtube.com/watch?v=1m7N4Y2Ws3c |
|
IP Logged
|
|
|
|
|
|
|
Subject :Re:Lian beng and the construction sector..
06-10-2012
|
|
|
| Khoo |
Guest |
|
|
|
|
Tai Sin -- keep your eye on this stock.
Waiting for final dividend to be OK-ed at AGM soon.
The full year yield is 8+% ... 2.1 cents dividend by 25 stock price x 100% = 8.4%
|
|
IP Logged
|
|
|
|
|
|
|
Subject :Re:Lian Beng and the construction sector..
27-09-2012
|
|
|
| Ah Beng |
Guest |
|
|
|
|
Cheap undervalued at 43 cents, Lian Beng has such a gigantic orderbook that it would qualify as a defensive stock. |
|
IP Logged
|
|
|
|
|
|
|
Subject :Re:Re:Lian beng and the construction sector..
10-09-2012
|
|
|
| Guest |
Guest |
|
|
|
|
I think it is only matter of time for Yongnam to play the catch up... especially with the large amount of infrastructure projects coming up NOT only in Singapore but the region. I was recently in a seminar and was told that Thailand is also spending aggressively in their infrastructure with new airports as well.
Contract win in the near future will trigger interest and price will move north.. meanwhile i am happy to sit and wait at this price with a 1 cent yearly dividend which is still much better than the bank interest.
I will limited downside for this counter as they have been at this price level for years... and didn't take care of the recent rally.
Regards
erelation |
|
IP Logged
|
|
|
|
|
|
|
Subject :Re:Lian beng and the construction sector..
09-09-2012
|
|
|
| Bernard |
Guest |
|
|
|
|
Comparing Pan-United with Yongnam >
Pan-United PE ratio already almost 10X.
Dividend yield is 5-6%.
On the other hand, Yongnam still 5X PE,
Dividend yield is 4-5%.
Yongnam is stuck at around 23-23.5 cents. How to unglue it? |
|
IP Logged
|
|
|
|
|
|
|
Subject :Re:Lian beng and the construction sector..
03-09-2012
|
|
|
| MoreOrLess |
Guest |
|
|
|
|
Before my boss comes... just checked the market. Construction stocks are getting a lot of attention after the announcment of Thomson MRT Line.
Yongnam.... Pan-United.....Hock Lian Seng.....Tiong Woon. |
|
IP Logged
|
|
|
|
|
|
|
Subject :Re:Re:Lian beng and the construction sector..
28-08-2012
|
|
|
| Guest |
Guest |
|
|
|
|
Although I have Lian beng, I prefer chip eng seng as it has a much higher net profit margin to earning compare to lian beng. |
|
IP Logged
|
|
|
|
|
|
|
Subject :Re:Lian beng and the construction sector..
27-08-2012
|
|
|
| More |
Guest |
|
|
|
|
|
|
|
Subject :Re:Lian beng and the construction sector..
21-08-2012
|
|
|
| More |
Guest |
|
|
|
|
Forget the crazy thought of 4 cents in dividend.
Today's Maybank report has 2 cents payout for the next 3 years, so the yield is 5%.
The target price is the more interesting thing.... 63 cents.... the stock is moving strongly on good vol today. 40.5 cents as I write |
|
IP Logged
|
|
|
|
|
|
|
Subject :Re:Lian beng and the construction sector..
30-07-2012
|
|
|
| Bengla |
Guest |
|
|
|
|
U gotta be kidding : 4-cents? I seriously doubt it. |
|
IP Logged
|
|
|
|
|
|
|
Subject :Re:Re:Re:Lian beng and the construction sector..
30-07-2012
|
|
|
| Guest |
Guest |
|
|
|
|
lian cash will be more. heard from insider that a 4 cent special dividend will be given |
|
IP Logged
|
|
|
|
|
|
|
Subject :Re:Re:Lian beng and the construction sector..
30-07-2012
|
|
|
| Guest |
Guest |
|
|
|
|
but when will the taiwan listing? what is the implication to the share price of lian beng |
|
IP Logged
|
|
|
|
|
|
|
Subject :Re:Lian beng and the construction sector..
30-07-2012
|
|
|
| Beng |
Guest |
|
|
|
|
Lian Beng is too attractive a stock not to buy. Construction isnt sexy but Lian Beng has diversified into property development with partners.
Latest NAV is 44 cents, higher than the 40 cent stock price. Stock is under book value!
Profit margin was 11% -- pretty cool for its business. My guess is the stock price catalyst will be the TAIWAN listing of its subsidiary. Should be coming soon. |
|
IP Logged
|
|
|
|
|
|
|
Subject :Re:Lian beng and the construction sector..
26-07-2012
|
|
|
| Beng |
Guest |
|
|
|
|
Just proposed --- final dividend of 1 cent, special dividend of 1 cent.
Div yield = 5%. |
|
IP Logged
|
|
|
|
|
NextInsight - Latest News
