Just 2 weeks ago, Koon was 31 cents. Now 25 ..... should be moving up to 31 again after the PM's National Day rally. Said whopping 25K HDB flats to b built this year and 25K next yr. All the flats will requires lots of precast structures from Koon. Just wait for contract announcements.... there shld be plenty coming.
Hi,
Just feel that it's very strange that investors are not going for resilient construction stocks like Koon and Wee Hur now, in view of the market volatility, and not to mention they pay good dividends as well. Koon is like non-existent these few days,
Or is something brewing?
The results appear to be disappointing as its profit from operations was yikes. There were start-up costs from the pre-cast division that took a bite out of the net profit.
Net profit attributable to shareholders rose 4.8% to S$6.3 million only because of one-off gains.
These are from the disposal of leasehold property and dividend income received from Koon Zinkcon of S$5.6 million and S$3.0 million respectively.
Koon Zinkcon is the Group’s 50% joint venture with Boskalis International (S) Pte Ltd, a
major international dredging and offshore engineering firm.
However, the future quarters look promising. The orderbook for the pre-cast and construction divisions are solid.
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