Two of the projects that Wee Hur Holdings is currently constructing: Top - Trilight condominium, a luxurious project being constructed for $114 million. Bottom: JCube in Jurong which will have 5 levels of retail, two basement levels of car park and a rooftop landscaped plaza.
THERE IS A boom in construction and property in Singapore, and Wee Hur Holdings is in the right place at the right time.
Expanding from its core construction business and entering into property development, Wee Hur’s net income is expected to more than double to S$54.3 million this year (2011), according to Phillip Research last month.
Wee Hur will be booking good profits from its maiden industrial project, Harvest@Woodlands.
Source: Bloomberg. Stock price at 49.5 cents
“The outlook for Wee Hur looks bright if demand for industrial property continues to hold up,” he wrote. “We are upgrading both our recommendation to 'buy' from 'hold', and fair value to S$0.62 from S$0.56.”
As part of NextInsight’s series of company visits, we are organizing a trip to Wee Hur on Saturday, Jan 15.
You can discover more about the company (www.weehur.com.sg) which has successfully completed many a major project, such as:
* Refurbished Old Parliament House for $11 m.
* Constructed Sengkang Community Club for $17.8 m.
* Constructed the Courts Megastore @ Tampines.
That’s the past. The future work includes …..In March 2010, Wee Hur secured a S$103.6 million maiden project from CapitaMall Trust, Singapore’s largest real estate investment trust by asset size and market capitalisation.
This project called JCube involves the construction of a five-storey shopping and entertainment complex boasting Singapore’s first Olympic-size ice skating rink.
Ok, at the upcoming visit to Wee Hur, you can look forward to the following:
Recent stories:
WEE HUR's maiden industrial project offers high yield
WEE HUR: Forays Into Property Development With S$9 Million M&A
WEE HUR eyeing growth via property development
