Home THE DAILY EDGE Business Koon +2.4%; Interest picks up on order wins
Koon +2.4%; Interest picks up on order wins

Tags: Koon Holdings

Written by Dow Jones & Co, Inc   
Wednesday, 08 December 2010 15:10
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Koon Holdings (5DL.SG) +2.4% at $0.645 vs untraded at midday break; interest in the thinly traded stock picks up after the Singapore-based civil engineering company announces, in an exchange filing, that its subsidiaries have been awarded several new government projects worth a total of $45.7 million. 

Though the projects are not expected to materially affect the group’s performance for the FY ending December 31, 2010, orders from government agencies are likely to remain buoyant as the government is expected to continue increasing the supply of public, private housing to try to curb property price gains. 


Last Updated on Wednesday, 08 December 2010 15:13