LimKimTah: 50% owned JV with Woh Hup has won a $90.4m contract to build a condo dev RV Residences in 471 River Valley Rd. The dev comprises 6 blks of 7 storeys with condo facilities. The contract period is for 30 mths and is expected to commence on 8 July 2011…
In a separate announcement, an assoc co L&W has also formed a 70% owned JV in India to undertake construction projects and consultancy services in India. Co is trading at trailing P/E of 4.9x, other peers Chip Eng Seng at 2.5x, Tiong Seng at 8.8x and Lian Beng at 4.1x
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