Business A construction co with integrated civil engineering & support service capabilities. [FY17 Turnover] Construction (36.7%), ppty development (31.2%), mfg of concrete (20%), dormitory (8.1%), investment holding (3.6%), engineering & leasing of machinery (0.4%).
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Research
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Current |
1 mth ago |
3 mth ago |
| BUY |
16 (4.374) |
10 (4.640) |
12 (4.546) |
| HOLD |
6 (3.853) |
13 (4.119) |
9 (3.886) |
| SELL |
1 (3.300) |
- |
- |
| ( ) - Avg Target Price |
 Insight Aug-17, 1Q18 revenue increased 8.3% owing to strong performance by its core and digital businesses and maiden contribution from Turn, Inc. However, net profit sank 5.6% due to lower shared profits of $515.4m compared to $551.5m owing to poorer performance from associates Airtel, AIS and Globe. Co will record a $2b net gain on disposal of NetLink Trust to 25% stake plus 1 share in 2Q18.
Jul-17, Co gets nod from URA for hotel project on Hill Street site, setting the stage for sale of the asset. The property was granted a provisional permission to be redeveloped into a 172-room hotel with 12,730 sqm GFA.
Ann'd date for 1H17 : 10-NOV-16
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