Lian Beng

[iff]

SINGAPORE, 12 April 2011 – Singapore’s major homegrown building construction group, Lian Beng Group Ltd, has turned in another stellar quarter as net profit doubled to $36.6 million for the nine months ended February 2011 (9MFY11), from $17.4 million for the nine months ended
February 2010 (9MFY10). The strong bottomline growth was achieved on the back of a 58% increase in revenue to $380.0 million.

Cash and cash equivalents of the Group increased by $69.3 million to $119.2 million as at 28 February 2011, compared to $49.9 million recorded in the previous corresponding period.

As at 28 February 2011, the Group’s order book stood at a healthy $661 million, which should provide it with a steady flow of revenue through FY2013.

Current share price is priced at S$0.365 and the share price was at S$0.28 on 31st Aug 2010
(Vested)

[iff]

Lian Beng has announced contract win today,

Lian Beng bags another private residential contract worth S$150.7 million
ï‚· Awarded contract for main building and earthworks of Hedges Park Condominium
ï‚· Strong order book of S$812 million* as at 1 June 2011
 Beneficiary of nation’s continued growth in 2011, which is expected to spur construction sector demand

(vested)

[iff]

Lian Beng’s FY11 net profit increases 100.7% to S$48.6mil;
proposes dividends of 1.6 cents per share
• Revenue increased 46.7% to S$507.3 million from S$345.7 million in FY10
• Cash and cash equivalents at a healthy S$149.9 million as at 31 May 2011, up 111.7%
from S$70.8 million as at 31 May 2010
• Proposed dividends of 1.6 cents per share for FY11 is 100% more than 0.8 cents per
share in FY10 and represents a stellar 4.2% dividend yield
• Robust order book of S$839 million to contribute towards top line through FY14
SINGAPORE, 28 July 2011 – One of Singapore’s home-grown listed construction groups, Lian Beng
Group (“Lian Beng” or “the Group”) (联明集团) reports an increase in net profit from S$24.2 million
in FY10 to S$48.6 million in FY11 on broad-based segment growth impetus from construction,
property development and other-construction related businesses.

Results quite as expected, revenue for Q4 is about the same as Q3, profit almost doubled compared to last year Q4.
With this contribution full FY profit is doubled compared to FY10.

(Vested)

[dzwm87]

Lian Beng Chiarman Ong Pang Aik has made some open market purchase:

1. 24 Nov: 1.2m shares bought at 0.345 per share
2. 23 Nov: 48,000 shares bought at 0.345 per share
3. 22 Nov: 48,000 shares bought at 0.345 per share

This bring total consideration of $447,120.

Cheap value at 0.345?

[ValueBeliever]

Probably 1 of the most stingy contractor/small developer around. For most of reporting, they gave only 0.5cts and only last year it was 2cts. Not sure about the coming reporting season. Guess this must be the reason the stock is up?

I also find out info so late, Kim Eng report was 4months back and yet it can still move to meet the target price of 68cts.

What else can it offer up to 2014 then the result will be the best, so likely will be status quo 2cts! 40yrs anniversary! almost as old as SIngapore!

[paullow]

Probably 1 of the most stingy contractor/small developer around. For most of reporting, they gave only 0.5cts and only last year it was 2cts. Not sure about the coming reporting season. Guess this must be the reason the stock is up?

I also find out info so late, Kim Eng report was 4months back and yet it can still move to meet the target price of 68cts.

What else can it offer up to 2014 then the result will be the best, so likely will be status quo 2cts! 40yrs anniversary! almost as old as SIngapore!

IMO,

this company is towkay and controlling stakeholders huat zai at expense of smallholders.

But it has progessively been raising dividends for the past decade, a clear sign that this company is having growing and sustainable business.(albeit peanut sized still in relation to share value)

***Raising dividends over a decade to me is strongest indication that the company is making more and more money over a decade. V unlikely the works of colourful auditing.

http://www.sgx.com/wps/portal/sgxweb/hom...ate_action

[ValueBeliever]

need to find its dividend policy, 40% ? 40yrs anniversary up dividend 1cts (=3cts,5%) would be most happy for shareholders.

After enduring so many years, shldrs of other contractor turn developer are enjoying bonus and rewarding shldrs equitably. How about a bonus, to bring EPS back to the norm, as thats how developer like Roxy, LKH and Sim Lian market cap and confidence grow?

This Company directors are the most careful but by industry standard too stingy!

[mkmk]

http://infopub.sgx.com/Apps?A=COW_Corpor...lbEg9IW1-E

Lian Beng’s 1QFY2014 revenue up 44.2% y-o-y to S$163.5 million on higher revenue from construction and property development as well as revenue from dormitory business

- 1QFY2014 profit to shareholders decreased 30.9% to S$7.3 million mainly due to marketing expenses of Group’s recently-launched property development projects
- Group’s cash and cash equivalents stood strong at S$200.7 million as at 31 August 2013
- Construction order book of S$1.2 billion as at 31 August 2013 to provide constant flow of activities through FY2016

Not vested

[safetyfirst]

i have sold my remaining lots in this counter, i thought it looks quite pricey at the price of 0.63

[greengiraffe]

Developer looking beyond residential property

Lian Beng also eyeing mixed development and industrial
Published on Apr 11, 2014
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Robust sales at Midtown Residences (above) and Spottiswoode Suites, which have sold 95 per cent and 72 per cent of their units respectively, helped provide a steady stream of revenue for Lian Beng. -- PHOTO: OXLEY

By Audrey Kang

DEVELOPER Lian Beng Group is pulling back from the slowing residential property sector, executive chairman Ong Pang Aik said yesterday.

Mr Ong told The Straits Times that the firm is not worried about the poor market as it has stopped residential development for a while.

The group currently has several residential property developments, including Flora Ville @ Cactus Road, Flora View and Flora Vista. It owns 10 per cent of these developments.

"We might still be involved in the residential property segment, but it depends on the location and other factors," said Mr Ong, who was speaking after the firm reported third-quarter results.

Net profit for the nine months to Feb 28 hit $50.33 million, up 67 per cent from $30.14 million in same period a year earlier.

Revenue came in at $585.56 million, also up 67 per cent.

Much of the increase was down to sales at M-space, a fully-sold industrial property in Mandai that received its Temporary Occupancy Permit (TOP) in January.

The contribution of revenue from M-space helped boost property development revenue to $177 million.

Robust sales at Midtown Residences and Spottiswoode Suites also provided a steady stream of revenue. Midtown Residences sold 95 per cent of units and Spottiswoode Suites moved 72 per cent.

Construction brought in $310 million in revenue for the period while the ready-mixed concrete unit had sales of $86 million.

Mr Ong said in a statement: "We are on track for a bountiful (full year) with record revenue and profit."

Earnings per share rose from 5.69 cents to 9.5 cents per share while net asset value stood at 57.46 cents, up from 49.2 cents as at May 31 last year.

Mr Ong noted: "Our main focus in the future will still be the construction segment, but we will also be looking at industrial, commercial and mixed development properties."

He added that the firm will look at making acquisitions. It has also invested in a Malaysian subsidiary, Lian Beng Resources.

"The subsidiary will be producing granite, which is very important for the construction industry," said Mr Ong.

Lian Beng shares closed up 0.5 cent at 65 cents yesterday.

audkang@sph.com.sg