TiongSeng: Co has been awarded a contract worth $192.2m by HDB for building and contingency works at Punggol West. Contract is sizeable given that FY2010 rev was $252.3m. This adds to co’s order book of approx $1.0b as of 31 Dec 2010…
It is expected that most of this contracts will be completed within next 12 to 30 mths. Co trades at 9.1x current P/E. Other peers Chip Eng Seng trade at 3.0x current P/E, Wee Hur at 8.3x P/E and Lian Beng at 4.7x.
No comments:
Post a Comment