In an unrated report on Monday, analyst Colin Tan highlights the company’s customer base of mainly Singapore government-linked statutory boards and companies, such as Public Utilities Board (PUB), Changi Airport Group (CAG) and PowerGas.
SINGAPORE (Apr 10): CIMB likes Ley Choon Group Holdings, the underground utilities infrastructure service provider, for its stable repeat customer base and reputation as a market leader in water pipe laying.
At the share price of 3.5 cents, the stock is trading at 5.8 times FY17 price-to-earnings (P/E) and 1.3 times FY17 price-to-book value (P/BV).
