Sim Lian Group says wholly-owned subsidiary Sim Lian Construction Co. has been awarded a contract worth $99.8 million by the Housing & Development Board for the building works at Queenstown Redevelopment Contract 30 with a total of 774 dwelling units.
Posts Tagged ‘Lian’
Hock Lian Seng unit wins contract to build, operate workers’ dorm
January 15th, 2010 |
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Hock Lian Seng Holdings says wholly-owned subsidiary, Hock Lian Seng Infrastructure, has won a contract to build and operate a workers’ dormitory from SCAL Resources.
The dormitory will be located at New Industrial Road and Hougang Avenue 3. The work for building the workers’ dormitory is scheduled to start this month and, subject to the renewal of the tenancy, the term for operation of the workers’ dormitory will expire in December 2015.
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%.
DBS Vickers upgrades Sim Lian to buy with 53 cents price target
December 10th, 2009 |
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DBS Vickers upgrades Sim Lian Group (S05.SG) to “buy” from “hold”, raises target price to 53 cents from 49 cents, based on 35% discount to NAV estimate vs 40% discount previously.
The brokerage says the developer could benefit from expected pickup in collective sales activity in Singapore’s private residential market next year.
Dec 1: CityDev, DBS, Yongnam, Sim Lian
December 1st, 2009 |
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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. The Straits Times Index dropped 1.1% to 2,732.12.
US stocks rose last night, helping the Dow post its fifth straight monthly gain, on hopes that the possible fallout from Dubai’s debt woes will be contained.
Sim Lian Group wins $80.5m contract to build Punggol East HDB flat
December 1st, 2009 |
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Sim Lian Group says unit Sim Lian Construction Co. has been awarded a contract of $80.5 million by the Housing & Development Board for the building works at Punggol East Contract 24A, total 519 dwelling units. The contract is scheduled to commence in December and complete in September 2012.
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Lian Beng gains 1.7% to 30.5 cents as full-year profit hits $17.2m
July 30th, 2009 |
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Lian Beng Group (LBG SP), a construction company, gained 1.7% to 30.5 cents. The company said profit in the year ended June 30 climbed 43% to $17.2 million.
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