“With a strategic focus in recent years on securing commercial projects, all of the newly secured projects are commercial projects, which generally yield higher margins for the Group. This strong project pipeline underpins confidence in forward revenue growth,” says Chan and Liu.
SAC Capital analysts Matthias Chan and Liu Maorong have initiated a “buy” call on Singapore-based interior fitting-out specialist Lincotrade & Associates with a target price of 30.1 cents.
In their Dec 5 report, the analysts noted that the company’s order book doubled to $113.0 million as of Sept 30, providing about two years of revenue visibility. For the three-month period, from July to Sept, Lincotrade secured new projects with an aggregate contract value of $61.0 million.
