Stock Name: Lian Beng
Company Name: LIAN BENG GROUP LTD
DMG & Partners Research in an Aug 1 research report says: "Lian Beng Group's (LBG) 4QFY11 earnings were in-line with our estimates, coming in at $11.6 million, up 73.8% y-o-y, on the back of strong construction demand. FY2011 was a record year, with earnings hitting $48.2 million, well within our expectations of $47.6 million.
"LBG is set to ride on Singapore's current building boom, from both public and private projects and its ventures in private residential and industrial developments will help boost its bottom line. Despite the 8.3% run up in price over the last two weeks, it still trades at 3.8x prospective P/E - cheaper than its peers.
"LBG has declared a total of 1.6 cents per share as dividends. This translates to a decent dividend yield of 4.1%. A higher target price of 71.5 cents (83.3% upside), based on a target P/E of 7x FY12 earnings. MAINTAIN BUY."
Company Name: LIAN BENG GROUP LTD
| Research House: DMG | Price Call: BUY | Target Price: 0.715 |
DMG & Partners Research in an Aug 1 research report says: "Lian Beng Group's (LBG) 4QFY11 earnings were in-line with our estimates, coming in at $11.6 million, up 73.8% y-o-y, on the back of strong construction demand. FY2011 was a record year, with earnings hitting $48.2 million, well within our expectations of $47.6 million.
"LBG is set to ride on Singapore's current building boom, from both public and private projects and its ventures in private residential and industrial developments will help boost its bottom line. Despite the 8.3% run up in price over the last two weeks, it still trades at 3.8x prospective P/E - cheaper than its peers.
"LBG has declared a total of 1.6 cents per share as dividends. This translates to a decent dividend yield of 4.1%. A higher target price of 71.5 cents (83.3% upside), based on a target P/E of 7x FY12 earnings. MAINTAIN BUY."
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