Home Capital Broker's Calls

This construction company has a good two years ahead of it

Gwyneth Yeo
Gwyneth Yeo11/15/2016 03:03 PM GMT+08  • 2 min read
This construction company has a good two years ahead of it
SINGAPORE (Nov 15): UOB Kay Hian is maintaining its “buy” recommendation for KSH Holdings, after the construction and property development company was awarded a $139.1 million landmark contract.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Nov 15): UOB Kay Hian is maintaining its “buy” recommendation for KSH Holdings, after the construction and property development company was awarded a $139.1 million landmark contract.

UOB Kay Hian’s Edison Chen believes the contract is linked to Lendlease’s Paya Lebar Quarter, which has seven buildings, including residential units, 1 million sq ft of office space, and 340,000 sq ft of retail space. KSH is expected to be involved in the construction of the residential portion.

“The $139.1 million landmark contract will boost KSH’s orderbook significantly and we expect its involvement in this project would bring in more opportunities within the project compound and serve as testament to KSH’s construction capabilities,” said Chen in a note on Tuesday, adding that the project is expected to commence in Feb 2017.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now