Wednesday, September 28, 2011
KSH Hldgs: Secures contract from Mount Alvernia hospital worth $49.9m for additions and alterations to car park blk, front lobby & side entrance extension. With this new project co's order book is boosted to over $385.0m and its duration will be for 23 mths. As of current date, 76.9% of our order book are from private residential projects, 13.0% from private non-residential and the remaining coming from the public sector. KSH is trading at approx 4.0x current P/E. Co’s mkt cap is small at $70m but has been paying out dividends at 1c semi-annually with current price at $0.21.