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Ley Choon Opens Singapore’s Largest Recycling Plant
Corporate Digest | 19 September 2014
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By: Jonathan Khoh
Articles (26) Profile

Yes, industrial recycling is rapidly gaining traction in Singapore, especially for the resource and materials intensive construction industry. 

Ley Choon, a leading one-stop provider for underground utilities construction and road works, has on 19/09/14, opened the largest single asphalt recycling plant in Singapore. The new plant is able to triple its current asphalt production capacity to 575 tons per hour.

Minister of state for trade and industry, Mr Teo Ser Luck, was also present at the opening ceremony of Ley Choon’s new asphalt recycling plant. 

Executive Chairman and CEO of Ley Choon, Mr Toh Choo Huat, expressed that the commencement of operation of its new asphalt recycling plant reflects its commitment to grow Ley Choon to be an integrated underground infrastructure construction player.

Additionally, Ley choon has recently announced the following contract wins; (1)$16.8 million contract from PowerGas Limited to lay gas transmission pipelines in Singapore and (2) $14.5 million contract for water projects and the laying of gas pipelines.

Ley Choon has also set up a new $2 million R&D centre to focus on developing new asphalt formulate to further increase the company’s recycling rate and to improve its overall asphalt quality.

At the time of writing, the company was trading at $0.124, and is currently trading at a PE of 5.1, P/B of 0.92, and dividend yield of 6 percent.

Driven by passion in investments, Jonathan’s research emphasizes in incorporating critical thinking with value and income investing surrounding companies listed in Singapore. Well trained in banking and finance, Jonathan has intern experience at various industry players including GIC Pte Ltd.

Please click here for more information about this author.

Ley Choon Group Hldgs  0.015 -- --   
Business: Co provides underground utilities infrastructure construction and road works services.

Insight: May-19, FY19 revenue slid 2.5% due to lower revenu... Read More

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