defu3.17Artist’s Impression of Defu Industrial City.Lian Beng Group (联明集团), a Singapore BCA Grade A1 construction group, has secured its largest ever construction contract at approximately S$435 million.

The Group’s wholly-owned subsidiary, Lian Beng Construction (1988) Pte Ltd, was awarded this contract by the Housing & Development Board (HDB) to build a high-rise, multi-user industrial complex at Kim Chuan Road in the Defu South area.

Stock price 

50 c

52-week range

42.1 – 52.5 c

PE (ttm)


Market cap

$249.9 m

Shares outstanding

499.7 m

Dividend yield


Year-to-date return


Source: Bloomberg

Construction is expected to commence in the 2Q2017 and will take about 36 months to complete.

Lian Beng will also build a 66kV electrical substation and eight 22kV electrical substations for SP PowerGrid.

The proposed industrial complex, named Defu Industrial City, is part of the HDB’s initiative to redevelop Defu Industrial Estate into “a Green and Sustainable Industrial Park of Tomorrow.”

Under the HDB’s masterplan, existing factories in Defu Industrial Estate will be progressively replaced with new and modern industrial complexes.

HDB intends to redevelop the 30-year-old industrial estate to optimise the use of land, resulting in a five-fold jump in the total amount of factory floor space of the new Defu Industrial Park.

With this contract win, Lian Beng has strengthened its order book to S$644 million as at 6 March 2017, which will provide a sustainable flow of activities through FY2020.

Mr Ong Pang Aik (王邦益), Lian Beng’s Executive Chairman, commented, “Winning our largest ever construction contract is a key milestone for Lian Beng. We will continue to leverage on our track record to secure sizeable building contracts to further strengthen our order book.”

Share Prices

Counter NameLastChange
AEM Holdings2.130-0.110
Avi-Tech Electronics0.400-0.015
Best World Int.1.360-
China Sunsine0.430-0.005
CNMC GoldMine0.205-0.015
CSE Global0.515-0.030
Eagle HTrust USD0.410-0.015
Food Empire0.660-0.055
Golden Energy0.155-0.013
GSS Energy0.082-0.005
ISDN Holdings0.195-
JB Foods0.590-0.035
KSH Holdings0.380-0.010
Moya Asia0.072-0.005
Nordic Group0.265-0.010
Oxley Holdings0.310-0.010
REX International0.194-0.005
Sing Holdings0.390-0.015
Straco Corp.0.540-0.020
Sunningdale Tech1.220-0.050
Sunpower Group0.525-0.020
The Trendlines0.106-0.007
Tiong Seng0.200-
Uni-Asia Group0.655-0.020
Yangzijiang Shipbldg0.945-0.030

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 1220 guests and no members online