Singapore Stock Market News
Lian Beng Group - Outlook Remains Positive
StockFanatic
Publish date: Thu, 16 Jan 2014, 09:46 AM
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LBG's 2QFY14 PATAMI was 8.2% higher y-o-y, on the back of a 35.4% y-o-y revenue growth driven by the construction segment, despite higher operating expenses and losses from associates. Going forward, revenue growth is likely to be fuelled by Singapore's construction demand, although PATAMI growth may be dampened by higher operating expenses.
Maintain BUY and SGD0.70 TP.
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