Lian beng and the construction sector

 pays divd and special bonus out from your own pocket...got rid of all its shares already

Archie, dun understand your point but I find this company better than many other construction plus property development companies. Read below... Excerpts from latest analyst reports.... Maybank KE highlights Lian Beng's slew of upcoming launches Analyst: Alison FOK Ong Pang Aik, chairman and MD of Lian Beng Group. NextInsight file photo Launches to start in October. Lian Beng has received the outline planning provision for its respective stakes in property development, and we expect the launch of Hong Leong Gardens to take place in October. The group holds a 10% stake in Hong Leong Gardens with Oxley Holdings leading the consortium. It is zoned for mixed use, and we expect selling prices for residential and retail space at SGD1,500psf and SGD3,000psf, respectively. Secured contracts. Construction remains the core business, accounting for 75% of sales. Lian Beng has secured a 50% stake in a contract worth SGD169m for 361 units in Thomson Grand with Paul Y C&E. Works started in August and this job has boosted its construction order book to SGD736.4m, which will be recognised through to 2015. Steamrolling ahead. We like Lian Beng for its superior construction order book with an even mix of public and private projects, as well as a slew of properties slated for launch over the next few months. Maintain BUY with a target price of SGD0.63 pegged at 6x FYMay13 PER, backed by an attractive dividend yield of 4.7%. Recent story: LIAN BENG GROUP: $43 m free cash flow a year till 2015