Hi all Gurus, The above company hv win LTA contarcts to build DTL2 project at Bukit Pangjang, worth $452Mill. Any comments on this and will the company shares grow progressively! Can know among these few construction companys which is the market player: 1) Lum Chang 2) Hoo Bee 3) OKP 4) Wee Hur Thanks guys....:blush:
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on Aug 28: Yesterday, I bought some more Lum Chang at 29.5 cents. Still very cheap at 30.5 cts. They will boom all the way till 2018 just like Yongnam as our MRT network expansion will only be completed around 2018. One MRT station will already cost a few hundred million to build and imagine how many new stations are being planned under the new lines.
Hi guys, don\'t mind but where do how do we even know about the fundamentals of this company because they don not seem to have thier annual financial reports on their webpage?
the annual report can be found at SGX website. as for the fundamentals, based on the year ended June, Lum Chang doesnt look cheap. PE is about 10 based on current stock price of 32 cts. NAV is about 32 cents/share. The order book is great at over $1 b, largely from a contract awarded in June 09 worth $450 m for a train project. anyone thinks the earnings this financial year will be much greater?
