Tiong Seng

Tiong Seng: Co has been awarded a contract from NTUC for the construction of a 16 storey warehouse development. This comprises a warehouse with a retrieval system, office and bus interchange. As of last reported results, co has order book of approx $1.3b of construction and civil engrg projects over the nxt 12 to 30 mths. Co trades at 5.6x P/E currently.