Specs
PE Ratio: 4
Net asset value(NAV) per share: $0.35
Closing price on 1 March: $0.35
Their established track record and strong technical expertise for both structural steelworks and tunneling works has allow them to compete effectively with other industrial players. Their outlook will remain positive given the Building and Construction Authority(BCA) has projected S$26 billion to S$32 billion of construction demand for year 2013. They are confident of winning the contracts from the upcoming Thomson MRT Line.
Potential Projects
- Singapore
- Malaysia
GOVERNMENTAL SUPPORT FOR INFRASTRUCTURAL
DEVELOPMENT IN MALAYSIA
• Under the 10th Malaysia Plan, an economic blueprint that covers
2011 to 2015, the Malaysian government has allocated 60% of
RM230 billion for physical development
• Projects underway include the extension of an electrifi ed
double-track railway project to Johor Bahru, the construction
of a mass rapid transit system covering a 20km radius from the
Kuala Lumpur city centre and the building of a new low cost
carrier terminal at Kuala Lumpur International Airport
As at the Latest Practicable Date, the order book for the structural
steelworks and tunnelling services business stood at approximately
S$82.8 million, which would translate into revenues for the Group
over the next one to three years.
GROWTH IN SINGAPORE’S INFRASTRUCTURE
• As the population and number of tourists and immigrants
increase, the government will continue to see a need to raise its
spending on projects for further infrastructure development
• These will include the need for more housing, transportation
infrastructure and industrial facilities
The Company was incorporated in Singapore on 18 May 2012 under the name of Kori Holdings Pte. Ltd. The Company was converted into a public limited company and changed its name to Kori Holdings Limited.
The Group is a Singapore based multi-discipline engineering and construction services company. The Group's principally engaged in providing civil/structural engineering and infrastructural construction services as a sub-contractor for commercial, industrial and public infrastructural construction projects. Its customers include local and overseas developers in the engineering construction industry.
The Group’s businesses can be categorised into two main segments as follows:
• structural steelworks services; and
• tunnelling services.
Source: SGX
No comments:
Post a Comment