Lian Beng Group

Contracts

Lian Beng banks on financial uplift with new $174 mil residential development contract

SINGAPORE (May 11): Lian Beng Construction, a wholly-owned subsidiary of mainboard-listed Lian Beng Group, has secured a residential flat development contract worth $174 million. 

Investing ideas

Lian Beng offers safe harbour in economy troubled by Covid-19

SINGAPORE (Feb 21): A Bloomberg columnist says it succinctly. “The novel coronavirus Covid-19 causes flu-like symptoms in its patients.

Results

Lian Beng posts 21.3% increase in 1Q earnings to $7.4 mil

SINGAPORE (Oct 14): Mainboard-listed construction firm Lian Beng Group saw its earnings rise 21.3% to $7.4 million for the 1Q20 ended August, from $6.1 million a year ago.

Broker's Calls

Lian Beng could leverage technical expertise to benefit from construction roadmap: SAC

SINGAPORE (Oct 2): Lian Beng Group is poised to build on its strong technical expertise to capture opportunities in the construction sector, according to SAC Advisors.

Contracts

Lian Beng wins $107.5 mil construction contract for residential site in Newton

SINGAPORE (Sept 13): Lian Beng Group announced that its 60%-owned subsidiary, United Tec Construction, has secured a contract worth about $107.5 million for the construction of a residential develo

Insider moves

Lian Beng’s controlling Ong family raises stake, order book now $1.4 bil

(Aug 12): The Ong family, the controlling shareholder of construction and property company Lian Beng Group, has recently bought the company’s shares from the market.

Results

Lian Beng 4Q earnings drop 70% to $16.7 mil on absence of one-off gain

SINGAPORE (July 30): Local construction group Lian Beng reported 4Q19 ended June earnings fell 69.5% to $16.7 million from $55 million in 4Q18.

Investing strategy

UOB and OCBC favoured for growth and valuation; Sunningdale, Fu Yu touted as yield and privatisation plays

SINGAPORE (July 15): On July 8, construction company Lian Beng Group announced that it had won contracts worth $235 million to build a logistics centre at Boon Lay.

Special Event

UOB and OCBC favoured for growth and valuation; Sunningdale, Fu Yu touted as yield and privatisation plays

SINGAPORE (July 15): On July 8, construction company Lian Beng Group announced that it had won contracts worth $235 million to build a logistics centre at Boon Lay.

Results

SLB sinks into the red with 3Q losses of $3.5 mil on lower revenue

SINGAPORE (Apr 12): SLB Development, the development spin-off from Lian Beng Group, today announced that it has made a loss of $3.5 million in 3Q19, compared to earnings of $1.9 million in 3Q18.

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