Hock Lian Seng Holdings

SINGAPORE (Feb 20): UOB KayHian remains positive on property stocks and REITs saying the raising of BSD (Buyers Stamp Duty) rate is more of revenue collection than a property cooling measure.

SINGAPORE (Dec 6): DBS Vickers Securities expects construction company Hock Lian Seng to see a near-doubling of earnings in FY18 to $27 million from $13.8 million in FY17 on the back of strengthening order book momentum.

SINGAPORE (Aug 3): Civil engineering group Hock Lian Seng earnings for 1H17 ended June declined to $2.5 million compared to $12.5 million in 1H16 on the absence of joint venture profits in the previous year.

SINGAPORE (May 9): Civil engineering group Hock Lian Seng Holdings saw earnings fall 16.6% to $2.1 million to the first quarter ended March, from $2.5 million a year ago.

SINGAPORE (March 3): The construction business had been on the slump, but with a slew of public infrastructure and civil engineering projects up for grabs and with more on the horizon, construction stocks have rallied and are likely to continue its ascent

SINGAPORE (Feb 16): UOB is starting coverage of Hock Lian Seng Holdings with a “buy” recommendation and target price of 69 cents, given its record high orderbook, earnings visibility and the rising demand for mega-infrastructure projects.

SINGAPORE (Aug 15): Sembcorp Industries on Monday announced that its wholly-owned subsidiary, Sembcorp Design and Construction, has entered into a joint venture with Hock Lian Seng Infrastructure for a $1.107 billion contract from Changi Airport Group.

SINGAPORE (July 4): PhillipCapital has initiated coverage for Hock Lian Seng Holdings with a “reduce” recommendation and a target price of 31 cents.