LianBeng

LianBeng: Secured $128.8m contract from FCL Peak for the construction of condo proj "Waterfront Isle". The dev comprises 4 blks of 15-storey resi flats with 2 carparks and facilities which will be built over 40 mths commencing on July 2011. Co’s current orderbook stands at $941.0m incld current order and 6 June $150.7m Hedges Park contract. Lian Beng now trades at P/E of 4.0x, Chip Eng Seng at 2.6x and BBR at 3.7x