PhillipCapital research analyst Vivian Ye sees encouraging signs for Lian Beng Group despite the “challenging” construction industry.
In a Dec 3 unrated research report, Ye highlights that Lian Beng’s construction order book remains strong at $1.4 billion, which is expected to support construction activities until FY2026 ending May.
She is also positive on the diversified nature of its portfolio, which she says has cushioned the negative impact of the headwinds in the construction industry on Lian Beng’s bottom line. The group operates four main segments - construction, property development, investment holdings and dormitory.
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