Public Utilities Board (PUB)

PUB to take over Tuaspring plant if Hyflux cannot fix defaults by April 5

SINGAPORE (Mar 22): PUB says it will terminate the water purchase agreement with Hyflux subsidiary Tuaspring Pte Ltd (TPL) if the water treatment firm is not able to fix its defaults by April 5.

Restructuring

Hyflux restructuring in jeopardy if Tuaspring defaults not solved in 2 weeks

SINGAPORE (Mar 18): Hyflux’s restructuring agreement with investor SM Investments may be aborted if defaults by Hyflux subsidiary Tuaspring Pte Ltd (TPL) are not remedied within two weeks.

Contracts

Sanli announces $51.5 mil PUB contract wins as share price slides to 52-week low

SINGAPORE (Jan 22): Environmental engineering firm Sanli Environmental announced Tuesday it has secured two contracts worth a total of $51.5 million from the Public Utilities Board (PUB).

Contracts

Swee Hong announces $32.5 mil PUB contract win

SINGAPORE (Jan 8): Civil engineering firm Swee Hong has secured a $32.5 million contract from Singapore’s Public Utilities Board (PUB) to construct link sewers for the Deep Tunnel Sewerage System (DTSS) Phase 2 Project at Old Choa Chu Kang Road/ Jalan B

Tritech Group wins $8 mil contract from PUB

SINGAPORE (Sept 23): Tritech Group’s indirect wholly-owned subsidiary, Tritech Engineering & Testing (Singapore), has been awarded an $8.0 million contract by the Public Utilities Board (PUB).

Broker's Calls

Sanli Environmental kept at 'buy' for potential PUB contract wins

SINGAPORE (May 25): SAC Advisors is maintaining its “buy” call on Sanli Environmental with an unchanged target price of 36 cents, even after the environmental engineering company reported lower FY18 earnings of $3.1 million, down 40.7% from $5.2 milli

Ley Choon awarded $19.6 mil contract by PUB for replacement of water mains

SINGAPORE (Dec 12): Ley Choon Group Holdings has won a contract worth $19.6 million from the Public Utilities Board (PUB) for the replacement of water mains.

Ley Choon bags $3.9 mil contract by PUB

SINGAPORE (Oct 12): Ley Choon Group Holdings announced Thursday that its subsidiary, Chin Kuan Engineering and Contractors, has won a contract worth $3.9 million from the Public Utilities Board (PUB).

Expect muted issuing activity, slow uptake of MAS’s SGD Credit Rating Grant: OCBC

SINGAPORE (July 10): A further pickup in Singapore’s fundamentals and market activity remains tied to the upcoming actions of the US Federal Reserve in 2H17 and the resultant flow-on effect of SGD rates, says OCBC Bank.

Ley Choon subsidiary wins $2.9 mil worth of contracts

SINGAPORE (April 12): Pan Alliance Technology International, a subsidiary of Ley Choon Group Holdings, has secured two contracts worth approximately $2.88 million in total from Singapore’s Public Utilities Board (PUB).
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