UOL Group promoted Chief Operating Officer Liam Wee Sin to president. Liam, 51, will be in charge of the property division, except for finance and legal matters, and continue to report to Chief Executive Officer Gwee Lian Kheng.
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Wee Hur Construction says it recently won a $64.88 million building works project from Housing & Development Board (HDB).
The project involves the building works at Jurong West Neighbourhood 2 which comprises 450 residential units which include four residential blocks, a multi-storey car park with green roof, an electrical sub-station block, minor sewer services and services roads, driveways and drains.
The project will start on Feb 15 and is expected to complete by June 2013.
As at 30 September 2010, the group has $325.1 million worth of contracts.
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HBO will air a special presentation of comedian Paul Reubens’ Pee-Wee Herman Broadway stageplay next year. The Emmy-winning cable network will tape a performance of Reubens’ production next month for broadcast later this winter, Deadline Hollywood scooped this week. Reubens played Pee-Wee on the Saturday Morning smash Pee-Wee’s Playhouse and in two movies — Pee-Wee’s [...]
Phillip Securities Research in a Dec 9 research report says: “We are upgrading our revenue and net profit estimates for FY2011 on the back of better earnings for its maiden industrial development project in Woodlands and completion of 2 major construction contracts (Compassvale Pearl and Jurong Entertainment Centre).
Wee Hur Holdings, the BCA Grade A1 builder and property developer, reports a 9% increase in net profit to shareholders to $14.4 million in 3Q2010 from $13.2 million in 3Q2009.
Due to new major construction projects being in their early stage of work in progress and hence lower recognition of revenue, group revenue decreased by 40% to $97.1 million in 3Q2010; whereas in 3Q2009, most of the projects were already in their matured stage of work in progress and hence allowed higher revenue recognition.
UOL Group says wholly-owned subsidiary, UOL Capital Investments, and Peak Star, a subsidiary of Kheng Leong Co. (KLC) and Singland China Holdings (SCH), a subsidiary of Singapore Land, have successfully tendered, on a 40:30:30 basis, for the proposed acquisition of a plot of land 39,540 sqm in area called Parcel 11, Changfeng District, Shanghai, China, for RMB 2.06 billion ($406 million) or RMB24,000 psm of gross floor.
The tenure for the land is 70 years for the residential component (to take up 90% of the GFA) and 40 years for the retail component (10%).
Under SGX’s listing manual, KLC is considered to be an associate of Wee Cho Yaw, Wee Ee Chao and Wee Ee Lim; while Singapore Land is considered an associate of Wee Cho Yaw. Wee Cho Yaw is also the director and controlling shareholder of UOL Group while Wee Ee Chao and Wee Ee Lim are directors and substantial shareholders of the same company.
Comeback Kid Pee-Wee Herman is featured in the latest side-splitting video for Funny or Die, where the former ’80s star and his famous bike travel to the Sturgis Motorcycle Rally in North Dakota. Along the way, Pee-Wee gets a tattoo, meets some new biker friends and hitches a ride with a Renegade.
Phillip Securities Research in an Aug 16 research report says: “Revenue for 2Q10 was down 45.8% y-o-y to $34.1 million due to new major projects that are in their early stage of work in progress resulting in lower recognition of revenue. Net profit was up 2.9% y-o-y to $5.6 million.
Paul Reubens says he is innocent of the indecent exposure charge that derailed his career as a child entertainer nearly 20 years ago — and he hasn’t forgotten the people who poked fun at him at his lowest point. We’re looking at you, Jay Leno. Reubens — perhaps best known as his on-screen alter ego, Pee-Wee Herman [...]
Pee-Wee Herman is hitting the road once again — this time with a little help from Judd Apatow.Paul Reubens’ beloved character is slated for a return to the big screen with Apatow set to produce, Variety said Thursday. The ’80s cult-TV star will make his way back to theaters via a collaboration with the director/producer [...]
Phillip Securities Research in a May 14 research report says: “Revenue for 1Q10 was down 35.5% y-o-y to $29.3 million due to new major projects that are in their early stage of work in progress resulting in lower recognition of revenue.
Wee Hur Holdings, the BCA Grade A1 builder and property developer, recorded a 26% increase in net profit to $5.4 million in 1Q2010 from $4.3 million in 1Q2009.
Revenue for the group fell 35.5% in 1Q2010 as the new projects were still in their early stage of work in progress and hence the recognition of revenue was lower. The lower revenue also resulted in reduced gross profit and gross profit margin for the quarter.
Ng Wee Chong Lennard has been appointed non-ED wef April 30
Work experience: Founder/CEO, Astute Pte Ltd; head, incubation team/manager, corporate finance, KPMG Singapore
Singapore’s Straits Times Index increased 0.6% to 2,905.66 at the close yesterday. Shares on the measure trade at 15.2 times estimated earnings, compared with about 17.5 times at the start of 2010. Stocks are set to gain on Wednesday, as US shares rallied last night on data suggesting the troubled US housing market is near the bottom of the cycle. Here are a few stocks and factor to watch today, says The Edge Singapore:
Interest in Wee Hur Holdings (E3B.SG), the construction and property development firm, was revived by midday announcement of company landing maiden contract from CapitaMall Trust (C38U.SG) worth $103.6 million to redevelop Jurong Entertainment Centre, reported Dow Jones Newswires.
Wee Hur Holdings’ wholly-owned subsidiary, Wee Hur Construction, has secured a $103.6 million contract to redevelop Jurong Entertainment Centre at 2 Jurong East Street 13 which is managed by CapitaMall Trust.

Phillip Securities has started coverage of Wee Hur Holdings (E3B.SG) with a “buy” with $0.66 target price, based on historical 11xP/E and expected EPS of $0.06 for 2010, according to Dow Jones Newswires.
The broker says construction, property development group’s current $238.6 million orderbook will drive earnings until 2013 and expects more contracts this year, potentially boosting orderbook to $400 million.
Phillip Securities Research in a Mar 12 research report says: “Wee Hur Holdings Ltd, an award winning BCA Grade A1 builder and property developer, currently has an order book of $238.6 million keeping it busy till 2013.
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