Swiber, Midas, Lian Beng

MIDAS on a roll!

Chinese Premier Li Keqiang said the nation will speed railway construction, especially in central and western regions...

www.bloomberg.com/news/2013-07-24/li-keq...ay-construction.html

Lian Beng's full-year profit declined 24%. Excluding a one-off SGD7.9m gain from sale of investment property in FY5/12, net profit would have fallen by 11%.

The dividend was trimmed a little. Stock is down 1.5 cts to 56.5 cents today.

lian beng's full yr result is expected. the first 3 quarters had not been doing v well as well. next yr will be a better year.

swiber's order book is good, and v much below its NAV. wonder why the share price does not move in tandem.

Swiber is surprisingly beaten down to 64 cents.
Lian Beng is resilient at 55 while Midas understandably has weakened because of S=chip fears.

My pick now is Swiber for the biggest upside.