BBR

BBR: Secured a $102.8m contract from HDB to build 755 flats, comprising of two 31-storey and two 32-storey HDB blks, including a multi-storey carpark, a precinct pavilion, shophouses and a supermarket, in Kallang Whampoa. Fifth contract win from HDB since 2009, boasting BBR's order book to $1.12b, lasting to 2016. Work for the contract has started in Mar 2013 and is scheduled for completion by Apr 2016. Swee Hong (albeit small mkt cap of $101m)- another contractor with govt projects, has order book of $34.9m as at 31 Dec 2012, trades at 15.4x trailing P/E;