Ley Choon: 14% Share Surge in Rising Construction Sector, A Must-Watch

The group has mended its finances and seems on track for better luck.

LEY Choon Group could be a stock worth watching. This underground utilities infrastructure construction and road works services provider has fixed its finances and seems to be on the road to better times.

On Jan 15, the Catalist-listed group declared that four of its subsidiaries had secured a combined S$131.5 million for supplying and installing underground utilities services and road reinstatement works.

Ley Choon also said these projects should be finished within 24 to 36 months.

Although the new contracts are not anticipated to significantly affect the group's earnings per share and net tangible assets per share for the financial year concluding in March, they are likely to increase its order book. As of November, when the group released its mid-year financial statements, Ley Choon's outstanding order book amounted to S$220.1 million.

$(Q0X.SI)$

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