Post Reply
1-20 of 104
CSC Holdings Limited said it had secured more than $60 million worth of foundation and geotechnical engineering contracts in the past two months, in addition to the $100 million worth of projects won in 1Q12. These include some $20 million worth of infrastructure projects, $30 million worth of residential and other public sector projects, as well as $6 million worth of industrial projects. These new projects bring the total value of contracts secured for the current financial year to approximately $160 million. (Close: $0.100, 0%)
/sgx
http://www.cschl.com.sg/index.php?option=com_content& view=article& id=26& Itemid=35
PM has announced that 25000 BTO HDB flats would be opened for subscription in 2012.
This would bring more business to CSC
http://www.cschl.com.sg/index.php?option=com_content& view=article& id=64& Itemid=28
Some Prominent Current Projects
CSC should benefit from the recent increase building of HDB BTO flat. This year the numBer of new BTO flat is above 20k units. CSC should get more contract since it is well known for it pilling ground work.
Do monitor and good luck
DMG & Partners Securities in a May 20 research report says: Outlook remains positive for CSC as it is likely to secure more projects from the MRT Downtown Line (DTL) Stage 3 with its strong track record.
" We set target price of 19 cents, based on 12x FY12/FY13 blended P/E, the level it was trading at in 2005 just before its earnings recovery. MAINTAIN BUY."
May be announcing the full year profit and divident soon. Do monitor and keep a look out.
Do vest and good luck.
CSC Holdings’ 3Q net profit falls to $3.9m
| WRITTEN BY THE EDGE |
FRIDAY, 28 JANUARY 2011 19:33 |
CSC Holdings, the homegrown foundation and geotechnical engineering specialist, says it posted lower net profit and earnings per share of $3.9 million and 0.28 cents respectively for for the three months ended 31 December 2010 (3Q11), compared to $5.0 million and 0.36 cents in 3Q10.
Third quarter revenue also increased 30.3% year-on-year to $94.2 million from $72.3 million in 3Q10 driven by improving demand for the group’s foundation engineering services.
The group secured $134 million worth of contracts in 3Q11, adding to its portfolio, some significant projects such as the bored piling works for the Singapore Sports Hub and ground improvement works for the Geylang River. In Malaysia, foundation contracts secured were for a high-end service residence in Ampang, Kuala Lumpur and another condominium in Kota Damansara, Selangor.
But rising cost of ready-mixed concrete, a key raw material for CSC’s business, resulted in some margin erosion with 3Q11 gross profit rising 15.9% to $12.4 million, from $10.7 million in 3Q10.
As of 24 January 2011, the group’s order book of projects stood at $230 million (1 November 2010: $210 million), with most of it to be completed within the next six months.
However, CSC how, work for certain projects secured in 3Q11 did not commence as scheduled due to reasons beyond the Group’s control. Therefore, the expected contribution from these projects may be deferred to the first half of the next financial year. Consequently, the Group’s performance for 2H11 may not exceed that of 1H11.
CSC Holdings Limited
said that its
subsidiary, CS Construction & Geotechnic Pte Ltd (CSCG) and The Pathumthani
Concrete Co, Ltd. (PACO) have entered into a 49:51 joint venture agreement to
provide Jack-In Pile (JIP) services in Thailand. PACO is one of the largest spun
pile manufacturers and suppliers in Thailand . CSC said the JIP method of pile
installation has 'good potential'. It is suitable for a variety of soil
conditions in Thailand and is an environmentally friendly method of pile
installation as it is free of vibration, noise and pollution.
latest news :
CSC SECURES CONTRACTS IN EXCESS OF $50 MILLION
SINGAPORE, 12 October 2010
engineering specialist
months secured contracts in excess of $50 million. Included in the contract wins was the
award of a $15.4 million piling contract for the new Institute of Technical Education College
Central and Headquarters at Ang Mo Kio (“ITE College Central”). The new ITE College
Central is the third regional campus to be built by the Ministry of Education of Singapore
and is the second ITE project to be awarded to CSC. The Group had previously installed the
foundations of ITE College West, which commenced operations in July 2010.
ozone2002 ( Date: 06-Oct-2010 21:51) Posted:
|
heard that some fundhouses are concentrating on construction stuff right now.
think this might pop soon
tp should be about 0.2
There could be something more than that.
Their share buy back has not been aggressive @ between 200K and 500K shares each day.
Today's volume is 52M..........
Anyway, if there is news, it is probably positive.
Chiong Ah...............
allantanhc ( Date: 22-Sep-2010 11:37) Posted:
|
Wow! Make it to the 3rd most active counter within a span of 30 minutes.
A big tussle between $0.18 and $0.185.
Is it rotational play or really something is brewing?? Anyone has any news?
Note that Yongnam has been active as well.
allantanhc ( Date: 16-Sep-2010 13:24) Posted:
|