The Business Times
business-time-50
HOCK LOCK SIEW

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

Summarise
google-preferred-sourceAdd BT as a preferred source
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

    TRENDING NOW

    This comes after a Citi note that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    The eligible projects include Sun Group’s developments linked to the Asia-Pacific Economic Cooperation summit in Phu Quoc in 2027.

    Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects

    Recent cuts at e-commerce platforms such as Shopee is signalling shifting business priorities.

    E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement

    In hiring for AI-fluent users, companies will do well to better define and test applicants on their capacity for human oversight.

    Employers want AI-fluent employees. Hiring them is the challenge

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More