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Award of Contract Worth S$95.8 Million
Lian Beng Group Ltd announced that its wholly-owned subsidiary, Lian Beng Construction (1988) Pte Ltd, has secured a contract from Tripartite Developers Pte. Ltd. for the proposed condominium development comprising of 9 blocks of 8-storey residential building (Total 428 units) & 1 block of clubhouse with 1 basement carpark, swimming pool & tennis court on Lot 04822T MK31 & 00020W MK31 at Flora Drive.
The Contract is worth S$95.8 million. The contract period shall be 33 months and is expected to commence in July 2018.
The Contract is expected to have a positive financial impact on the net tangible assets per share and earning per share of the Group for the current financial year ending 31 May 2019.
As at 18 June 2018, the Group’s order book stood at approximately S$1.02 billion which will provide a sustainable flow of activity through FY2022.
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Financial Results for the Financial Year Ended 31 May 2018 ("FY2018")
Highlights :
1. Revenue decreased 13.4% to S$243.9 million in FY2018 mainly due to the decrease in revenue for Property Development segment
2. Group's gross profit decreased 17.2% to S$62.0 million
3. Other operating income increased by 280.5% to S$54.3 million mainly due to gain on disposal of investment properties at Collins Street and Franklin Street, Melbourne, Australia
4. FY2018 profit to shareholder increases 2.1% to S$54.4 million
5. Cash and cash equivalents increased by $21.4 million to $209.2 million as at 31 May 2018
6. As at 31 May 2018, Group's Net asset value per share stood at 129.31 cents
7. Construction order book of approximately S$947 million as at 31 May 2018 offers steady flow of activity through FY2022
8. Group proposes final dividend of S$0.0125 per share.
More details in :
1.
http://infopub.sgx.com/FileOpen/Results....eID=517772
2.
http://infopub.sgx.com/FileOpen/PressRel...eID=517773
Lian Beng today closed at S$0.515 (-0.010), down 1.90%.
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Award of Contract Worth Approximately S$278.5 Million
Lian Beng Group Ltd announced that United Tec Construction Pte. Ltd., a 60%-owned subsidiary of the Company, has secured a contract from United Venture Development (Silat) Pte. Ltd. for the proposed residential flat development comprising 2 blocks of 56-storey apartments (Total 955 units) with landscape, multi storey and basement carparks, communal facilities and additions and alterations to existing 5 blocks of conserved 4-storey flats (Total 136 units) involving new shops and childcare centre on Lot 04185K, 04175C & 04179P Mukim 01 at Silat Avenue (Bukit Merah Planning Area).
The Contract is worth approximately S$278.5 million. The contract period shall be 42 months and is expected to commence in August 2018.
The Contract is expected to have a positive financial impact on the net tangible assets per share and earning per share of the Group for the current financial year ending 31 May 2019.
As at 23 August 2018, the Group’s order book stood at approximately S$1.2 billion which will provide a sustainable flow of activity through FY2022.
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Award of Contract Worth Approximately $65 Million
Lian Beng Group announced that its wholly-owned subsidiary, Deenn Engineering Pte Ltd has secured a construction contract worth approximately S$65 million, the details of which are as follows:
(i) Name of contract : Construction of Building
(ii) Commencement date : 10 September 2018
(iii) Contract period : Twenty Four (24) months
With the addition of this Contract, the Group’s construction order book has increased to S$1.29 billion as at 29 August 2018.
The Contract is expected to have a positive financial impact on the net tangible assets per share and earning per share of the Group for the current financial year ending 31 May 2019.
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Award of Contract Worth Approximately S$117 Million
Lian Beng Group Ltd announced that its wholly-owned subsidiary, Deenn Engineering Pte Ltd has secured a construction contract worth approximately S$117 million, the details of which are as follows:-
1. Name of contract : Construction of Building
2. Commencement date : 19 March 2019
3. Contract period : Thirty Six (36) months
The Contract is expected to have a positive financial impact on the net tangible assets per share and earning per share of the Group for the current financial year ending 31 May 2019.
With the addition of this Contract, the Group’s construction order book stood at S$1.32 billion as at 18 March 2019.
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Award of Contract Worth Approximately S$234.7 Million
Lian Beng Group Ltd announced that United Tec Construction Pte. Ltd., a 60%-owned subsidiary of the Company, had secured a contract through tender from NTUC Fairprice Co-operative Limited for the proposed erection of 7 storey ramp up fresh food distribution centre comprising automatic storage and retrieval system, cold rooms and ancillary facilities at Sunview Road (Boon Lay Planning Area).
The Contract is worth approximately S$234.7 million. The contract period shall be 24 months and is expected to commence in August 2019.
The Contract is expected to have a positive financial impact on the net tangible assets per share and earning per share of the Group for the current financial year ending 31 May 2020.
As at 8 July 2019, the Group’s order book stood at approximately S$1.5 billion which will provide a sustainable flow of activity through FY2022.
More details in :
1.
https://links.sgx.com/FileOpen/Award%20o...eID=569486
2.
https://links.sgx.com/FileOpen/Press%20R...eID=569487
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Award of Contract Worth Approximately S$107.5 Million
Lian Beng Group Ltd announced that United Tec Construction Pte. Ltd., a 60%-owned subsidiary of the Company, has secured a contract through tender from CEL Newton Pte Ltd for the construction of a residential development at Kampong Java Road. The project site is near Newton Circus and within walking distance of Newton MRT Station and Newton Food Centre. The scope of work covers the erection of 2 towers of 23-storey apartments (total 378 units) with landscape deck, common basement carparks & communal facilities.
The Contract is worth approximately S$107.5 million. Work on the project is expected to commence in September 2019 and be completed by June 2022.
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23-05-2020, 09:10 AM
Valuebuddies who has Lian Beng, take note that among other reason, the first rationale cited on the application of 2nd extension of time for New Lian Beng Group voluntary disposal:
2.1.1 Over supply in the property industry in Singapore and weakness in Brisbane property market
Stay home and stay safe, everyone.
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