Lian Beng

Lian Beng: Group announced a $85m contract for the construction of a 12-storey office block and 11-storey car park including additions and alterations to the existing office block. The contract is expected to commence in Jun 2013 for a period of 26 months. Year-to-date, Lian Beng clinched $1.05b worth of contracts. As of end Apr, group reported an order book of $1.2b. At last closing price of $0.52, Lian Beng trades at 6.9x historical P/E, and has a 12-month TP of $0.68.