Swiber, Midas, Lian Beng

Thinking of buying one of these 3 counters.

Swiber - low PE, low Price/NAV, good growth
Midas - turning around with huge order book
Lian Beng - potential listing of subsidiaries this year

Can anyone suggest which counter to buy.
Thanks

Lian Beng looked good 2-3 months ago. But now at 60.5 cents, it just makes me sigh in regret. There are other nice fishes in the sea to catch. Haha.

can you please recommend some good fishes you can find in the sea? i have run out of idea.

lian beng's fundamental is very good, but after recent run, it is not as cheap now. but with listiing of its subsidiary, i think it may go further up.

Have you taken a look at UE E&C?

Advantages:

Consistent High net cash,
YOY +ve FCF,
good yield of 7%,
below book value,
pe of 4,
high ROE.
Diversified business scope.
Other companies in the same industry with similar mkt cap do not have the same strong fundamentals.

Disadvantages:

Govt implementing cooling measures on property.
Below but close to book value.


Price may be higher compared to last year, but I'm sure it will rise even more and may even hit $1 within a year. Reasons why are listed below. So many projects getting TOP. Can expect next year dividends to increase.

Two developments to be launched in 2H13 With the Ascentia Sky project almost completed, UE E&C can be expected to focus more on Austville Residences and Watercolours, which are almost fully sold.

UE E& C is expected to launch its Prince Charles and Punggol EC projects in 2H13. The Prince Charles project is likely to feature a high-end development and its break-even price to be around S$1,450 psf. As a comparison, the nearly Echelon condominium is already > 90% sold with median price of ~S$1,650 psf (for Apr-13).

For the Punggol EC, average selling price of S$740 psf versus an estimated break-even of S$650 psf.



This is not a buy or sell call. Homework must be done before doing any investment.

Any one has views on Straco Corporation? My fund manager says 29 cents is cheap. No other company generates such fantastic free cashflow.

darrickhancock wrote: can you please recommend some good fishes you can find in the sea? i have run out of idea.

lian beng's fundamental is very good, but after recent run, it is not as cheap now. but with listiing of its subsidiary, i think it may go further up.

- oh, instead of LB, how about this nice fish called Heeton (79 cents)?
and instead of swiber, how about Mencast (51.5 cents)?