Tee: provides electrical engineering services mainly for the construction, infrastructure and redevelopment sectors in Thailand, Singapore and Malaysia. Has since moved upstream to provide project mgt services for both residential and commercial developments. As part of expansion, recently raised $1.3m from a warrants issue to support associate’s ~S$6.6m purchase of 6312 sqm land at Ramkhamhaeng Road in Bangkok, slated for mid-end residential development…
Stock trades at 1.6x PB, 5.6x PE. SIAS has Buy call with $0.51 target.
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