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Ley Choon might be worth a look for investors to ride construction upturn

The group has repaired its finances and appears to be on the way to better fortunes

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Tay Peck Gek

Tay Peck Gek

Published Thu, Jan 23, 2025 · 05:00 AM
    • The freedom Ley Choon enjoys over its working capital management, better flexibility over cash usage, and improved cash flow after debt restructuring led to the group rewarding its shareholders for the first time since 2014.
    • The freedom Ley Choon enjoys over its working capital management, better flexibility over cash usage, and improved cash flow after debt restructuring led to the group rewarding its shareholders for the first time since 2014. PHOTO: BT FILE

    LEY Choon Group might be a stock to watch, now that the provider of underground utilities infrastructure construction and road works services has repaired its finances and appears to be on the way to better fortunes.

    The Catalist-listed group announced on Jan 15 that four of its subsidiaries have bagged a total of S$131.5 million for the supply and installation of underground utilities services as well as road reinstatement works.

    These projects should be completed within 24 to 36 months, Ley Choon added.

    Hock Lock Siewley choon

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