KSH Holdings: wins Ardmore Three project, an ultra-niche 36-storey 84-unit development in Ardmore Park. This is the first residential project awarded to them by Wheelock Properties. Construction will run for 27 mths from Jun 2011.
Order book now stands at $245m and unfulfilled contract value is expected to be completed by August 2013.
Stock currently trades at 4.1X P/E.
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