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Pipe laying expert Ley Choon has no problem with project pipeline

Michelle Zhu
Michelle Zhu4/10/2018 02:22 PM GMT+08  • 2 min read
Pipe laying expert Ley Choon has no problem with project pipeline
SINGAPORE (Apr 10): CIMB likes Ley Choon Group Holdings, the underground utilities infrastructure service provider, for its stable repeat customer base and reputation as a market leader in water pipe laying.
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SINGAPORE (Apr 10): CIMB likes Ley Choon Group Holdings, the underground utilities infrastructure service provider, for its stable repeat customer base and reputation as a market leader in water pipe laying.

At the share price of 3.5 cents, the stock is trading at 5.8 times FY17 price-to-earnings (P/E) and 1.3 times FY17 price-to-book value (P/BV).

In an unrated report on Monday, analyst Colin Tan highlights the company’s customer base of mainly Singapore government-linked statutory boards and companies, such as Public Utilities Board (PUB), Changi Airport Group (CAG) and PowerGas.

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