Ali Abdulla Ahmad Bin Towaih has been appointed non-ED wef Jan 10
Work experience: VP, business development, strategy and administration, Drydocks World, Dubai; ED, Tecom Investment, Dubai
Posts Tagged ‘Beng’
Beng Kuang Marine – Corporate moves
January 19th, 2011 |
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Lian Beng acquires Mandai Estate land for $67m
January 11th, 2011 |
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Builder Lian Beng Group says subsidiary Lian Beng-Centurion (Mandai) has agreed to acquire a freehold land parcel at Mandai Estate along Woodlands Road for $67 million from Mandai Properties to develop the land into an industrial complex for sale and lease.
The 201,443 sq ft land parcel is located close to Yew Tee MRT station, as well as the Bukit Timah Expressway (BKE) and Kranji Expressway (KJE). It has a plot ratio of 2.5, and a resulting gross floor area of 503,606 sq ft. This works out to an average price of about $133 psf per plot ratio.
Beng Kuang Marine wins contract to build Indonesian patrol craft for $19m
October 1st, 2010 |
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Beng Kuang Marine says wholly-owned subsidiary, PT Nexus Engineering Indonesia, has secured a contract with Indonesia’s Ministry of Transport to construct and deliver one patrol vessel class 1-A. The value of the contract is Indonesian Rupiah 125.3 billion ($19 million). The contract is expected to commence in October 2010 and to be completed in March 2012.
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Asia Pacific Breweries – Corporate moves
September 28th, 2010 |
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Bob Tan Beng Hai has been appointed independent/non-ED wef Oct 1
Work experience: MD, Novar International; MD, Caradon Asia Pacific; GM, MK Electric Group
Beng Kuang down on profit-taking
August 25th, 2010 |
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Shares of Singapore’s offshore marine services firm Beng Kuang Marine <BENK.SI> fell 5.6% to $0.255 at 11:22 a.m. as investors locked in profits after the firm completed the placement of 90 million shares at a discount.
Over 8.5 million shares had changed hands by 11:00 a.m.
Beng Kuang said the shares were placed at $0.21 a share and will list on the Singapore stock exchange today.
Lian Beng bags $120m contract to build The Scala
August 2nd, 2010 |
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Homegrown building construction company Lian Beng Group has clinched a $119.5 million contract to build The Scala, a 99-year leasehold condominium development located at Serangoon Avenue 3, near Lorong Chuan MRT Station and NEX Mega Mall.
Lian Beng Group reports 41.2% rise in full-year earnings to $24m
July 28th, 2010 |
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Building construction company Lian Beng Group has reported a profit attributable to shareholders of $24.0 million for the financial year ended 31 May 2010 (FY10), compared to $17.0 million in 2009 (FY09).
Lian Beng says the 41% year-on-year jump in profitability was driven by strong performance across the group’s construction, property development and ready-mixed concrete divisions.
Lian Beng +1.8%; Building demand sustainable, says DMG
July 1st, 2010 |
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Lian Beng Group (L03.SG) +1.8% at $0.285, supported by news of construction group winning $88.3 million contract to build Singapore condo, its fourth project for private residential sector since March, says Dow Jones.
“We see demand for construction services to be sustained on the back of public infrastructure and private property projects rolling out,” says DMG, which has no rating on stock.
Contract value tad more than entire $82.9 million revenue for quarter ended February, expected to boost earnings for current FY ending May 2011.
Current interest tame as gains not accompanied by firm volume. Resistance expected at last month’s $0.30 high.
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July 1: Mapletree Investments, Darco, Lian Beng, Parkway
July 1st, 2010 |
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Singapore’s benchmark Straits Times Index rose 0.18% on Wednesday to 2,835.51 points.
Singapore stocks may fall on Thursday after US shares extended their losses overnight, as investors stayed on the sidelines amid conflicting economic data. US private sector employment rose by a paltry amount in June, underscoring concerns about a weak labour market.
Mapletree Investments, a real-estate firm wholly-owned by Singapore state investor Temasek (TEM.UL), said today it hopes to raise $1 billion from an industrial REIT initial public offering. The industrial REIT portfolio will contain only Singapore properties and initially have a value of $1.7 billion.
Lian Beng wins $88.3m deal to build Spottiswoode Park Road condo for UOL
June 30th, 2010 |
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Lian Beng Group, the homegrown building construction company, has clinched a $88.28 million contract to build a condominium development located at Spottiswoode Park Road.
Awarded by UOL Development, the contract will cover the construction of one 36-storey residential tower, a six-storey carpark, swimming pool, and other ancillary facilities.
This marks the group’s fourth building contract from the private residential sector since March. The group was earlier on awarded contracts by Sing Holdings and Far East Group for the construction of The Laurels and Centro Residences respectively. A third contract for the construction of Waterbank at Dakota was also awarded by UOL Development.
Beng Kuang Marine wins $6.4m contract to construct crane
May 24th, 2010 |
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Beng Kuang Marine says wholly-owned subsidiary Asian Sealand Engineering has secured a contract with a new customer to construct and deliver one crane barge for $6.4 million. The contract is expected to commence in May 2010 and completed in November 2010.
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April 9: ST Engineering, Thomson Medical, Lian Beng, Jardine Strategic
April 9th, 2010 |
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Singapore shares closed lower on Thursday with the blue-chip Straits Times Index down 24.91 points to 2,963.19. Volume was 2.33 billion shares worth $1.39 billion. Losers led gainers 299 to 200.
Stocks closed higher as round of stronger-than-expected retail sales boosted investors’ hopes for 1Q reporting season. The Dow Jones industrial average gained 29.55 points, or 0.27 percent, to 10,927.07. The S&P 500 Index rose 3.99 points, or 0.34 percent, to 1,186.44.
Here are some stocks and factors to watch:
Lian Beng initiated a ‘buy’ by CIMB with 50 cents target
April 8th, 2010 |
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CIMB has started Lian Beng Group (L03.SG) at “buy” with 50 cents target price, based on 9x FY11 P/E, says Dow Jones.
April 6: SGX, Yongnam, Lian Beng, Marco Polo Marine, Roxy-Pacific, China Milk Products
April 6th, 2010 |
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Singapore shares closed higher on Monday with the blue-chip Straits Times Index up 25.36 points to 2,968.38. Gainers led losers 374 to 145. US stocks rose last night, pushing the Dow up near the 11,000 level, as signs of a turnaround in the US labour market bolstered hopes the economy is strengthening and the profit outlook is brightening. Here are some stocks and factors to watch according to The Edge Singapore:
March 17: Cosco, Noble Group, NOL, Lian Beng Group, Swing Media
March 17th, 2010 |
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Singapore’s benchmark Straits Times Index (.FTSTI) rose 0.77% to 2,896.43 points. US stocks rose to a new 17-month high last night after the Federal Reserve held benchmark rates near zero and maintained its pledge to keep them low for an extended period.
Lian Beng gains 3.57%; construction demand to last, says DMG
March 10th, 2010 |
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Lian Beng Group (L03.SG) is up 3.6% at 29 cents as $144 million boost to orderbook whets investors’ appetite, reported Dow Jones Newswires.
Construction group to build 616-unit condo in Singapore starting next month, expects completion in March 2013.
March 10: OUE, Lian Beng, Aztech, Pteris Global
March 10th, 2010 |
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Singapore’s benchmark Straits Times Index (.FTSTI) rose 0.18% to 2,839.54 points on yesterday. US stocks ended slightly higher last night, one year to the day after stocks fell to their worst close in more than 12 years, as gains in the telecom and industrial sectors offset falling commodity prices. Here are some stocks and factors to watch:
Indonesia’s Lippo Group has taken sole control of Singapore hotel operator Overseas Union Enterprise (OUE) (OVES.SI) after buying out its partner Malaysian billionaire Ananda Krishnan in a deal valued at $957 million.
Lian Beng bags $144m contract to build condo development at Dakota Crescent
March 9th, 2010 |
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Homegrown building construction group Lian Beng Group has bagged a $144 million contract to build a condominium development located at Dakota Crescent.
The design-and-build contract was awarded by UOL Development (Dakota) Pte Ltd, and covers the construction of 616 apartment units within three 19-storey blocks, four 20- storey blocks, and a six-storey carpark building with a roof garden, swimming pool, and other ancillary facilities. Work on the development is expected to commence next month and be completed by March 2013.
Jan 13: CapitaLand, NOL, Portek, Straits Asia, Lian Beng
January 13th, 2010 |
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The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. Share prices are from the previous close. Singapore’s Straits Times Index lost 0.6% to 2,916.11.
US stocks slid in a broad selloff last night as investors pummeled financials on concerns about a potential government levy on banks, while Alcoa Inc’s disappointing results tempered optimism about the economic recovery.
Lian Beng Group posts 28% growth in after-tax profit to $11.4m for 1HFY10
January 12th, 2010 |
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Lian Beng Group, the building construction group, has reported a 28% growth in after-tax profit to $11.4 million for the first half of its 2010 financial year, compared to $8.9 million a year ago. This was achieved on the back of a 4% rise in revenue to $157.6 million.
The top-line growth was driven by revenue recognition on progress made in the construction of various projects including the Ritz Carlton Residences in Cairnhill and camp facilities at Kranji, together with contribution from the property development and ready-mixed concrete business. Compared to a year ago, the group’s gross profit margin registered an improvement to 13.3%, from 12.2%.