-Low PE ratio compared to its peers at 12.4.
-Zero debt and more than 80% of net cash vis a vis its market capitalisation.
-Also has a net current asset value per share of 27c.
Should have more room to run if oil price stabilise
everyone knows that these counters (LB, Oxley, KSH and Heeton) made a very positive announcement yesterday about their Gaobeidian project?
FA-wise, Lian Beng is so cheap as it has trailing PE of 4.6 and a dividend yield of 3.3%
Lots of insider buying in 4Q 2016 at 45 cents.Did you get the signal then?
Recently LB won its largest ever construction contract of $435 m. This is big.
Likewise, KSH has trailing PE of 7 and dividend yield of 4.2%
robust balance sheet with cash equivalents of S$148.9m and is in a net cash position
recently KSH clinched big $147 m contract for building project in NUS.
Oxley same story. Expect next quarter results to boost its share price becos the next quarter and the following one should be good. Oxley set to recognise big revenue from overseas projects. Oxley's RNAV is way about $1.00 btw.
According to my understanding, KSH has a debt of $71m. so the net cash position would be much lesser than what you've mentioned in the cash equivalents of $148m.
Nonetheless the positive news yesterday will exert an upward trend in the share prices of these stocks
