Chip Eng Seng

Chip Eng Seng: could see trading interest after getting letter of intent from Punggol Field EC for a $142m building works contract for a proposed executive condominium. Work scope involves erecting 10 blocks of 17 storey apartments comprising 680 residential units with landscaped deck, common basement carparks and communal facilities at Punggol Field/ Punggol Road. Stock trades at 2.5x PE.