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BUSINESS TIMES
A SUBSIDIARY of Catalist-listed Koh Brothers Eco Engineering Ltd has secured a S$520 million contract from PUB in collaboration with its joint-venture partner Penta-Ocean Construction Co Ltd.
The contract won by Koh Brothers Building & Civil Engineering Contractor Pte Ltd (KBCE) and Penta-Ocean is in relation to the Deep Tunnel Sewerage System (DTSS) Phase 2 project, and marks KBCE' s maiden project into tunnelling.
KBCE has mostly focused on construction and hydro-engineering projects.
Both KBCE and Penta-Ocean will be responsible for the design and construction of the tunnels, shafts and other features required under the DTSS Phase 2 project, specifically, relating to the section from South Tunnel at Tuas Road and Industrial Tunnel at Pioneer Road to the Tuas Water Reclamation Plant that will span 10.1 kilometres.
KBCE holds a 35 per cent stake in the JV.
A SUBSIDIARY of Catalist-listed Koh Brothers Eco Engineering Ltd has secured a S$520 million contract from PUB in collaboration with its joint-venture partner Penta-Ocean Construction Co Ltd.
The contract won by Koh Brothers Building & Civil Engineering Contractor Pte Ltd (KBCE) and Penta-Ocean is in relation to the Deep Tunnel Sewerage System (DTSS) Phase 2 project, and marks KBCE' s maiden project into tunnelling.
KBCE has mostly focused on construction and hydro-engineering projects.
Both KBCE and Penta-Ocean will be responsible for the design and construction of the tunnels, shafts and other features required under the DTSS Phase 2 project, specifically, relating to the section from South Tunnel at Tuas Road and Industrial Tunnel at Pioneer Road to the Tuas Water Reclamation Plant that will span 10.1 kilometres.
KBCE holds a 35 per cent stake in the JV.
correction 162m
bernardc ( Date: 30-Sep-2017 08:35) Posted:
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WHAT $162M ONLY..larmark..
hope monday can hold..
hope monday can hold..
Warster ( Date: 30-Sep-2017 07:53) Posted:
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Phase 2 DTSS is a jv 30-70 with penta ocean. So a 520million contract is only worth 156mil in koh eco order books. Not as big a contract win as seemed but then again, another contract win in this proj could rocket it up. Not vested for another reason, but definitely good fundamentals for the long term.
No announcements yet on the Rights. Interesting that you asked, as it is becoming a really nice event. 
investshare ( Date: 29-Sep-2017 22:29) Posted:
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Another factor for long term investors to consider also, the iron rice bowl revenue Koh Eco has gotten. I think most of their projects are govt, recession or not, it' s money already in their kitty, safe investment for the buyer of the stock, especially at such a low price. Should also appeal to super kiasu investors, so that' s the reason why I believe the price will eventually double or even triple easily.
TigTig ( Date: 29-Sep-2017 23:50) Posted:
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May or may not recede depending on whether the buy up are from long term investors or traders. As news spread, more long term investors would hop on this bandwagon. It' s still cheap considering the potential. Can' t find this kind of bargain easily, though there is another one now lurking in the back, waiting for that long white candle up.
Battle123 ( Date: 29-Sep-2017 23:43) Posted:
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But the motivation to buy this stock is the high ROE of 22% in 2016 on a revenue of $202 million. And the eps growth in the company, especially in the past three years.
With this contract win (and more are coming), can expect the price to double or triple over time, as we are starting from a low level.
This is the kind of company you can buy and keep under your pillow, revisit a couple years later.
With this contract win (and more are coming), can expect the price to double or triple over time, as we are starting from a low level.
This is the kind of company you can buy and keep under your pillow, revisit a couple years later.
TigTig ( Date: 29-Sep-2017 23:40) Posted:
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Today ran up so much is normal to take a rest
If I read this correctly, the win of $520 million is a part of a bigger contract worth a total $1.51 billion, and the rest of which would be awarded in 2018.
Potential revenue and profit is there just for this project.
Straits Times:
" SINGAPORE - PUB, Singapore' s national water agency, appointed three contractors on Monday (Sept 11) to design and build the first batch of deep tunnels and link sewers for the Deep Tunnel Sewerage System (DTSS) Phase 2.
Over the next seven years, the three contractors will design and construct about 30km of deep tunnels and link sewers, as well as their supporting structures.
Construction will begin at the end of this year. In total, the contracts are worth $1.51 billion.
The three contractors are the Singapore branch of Ed Zublin AG, a joint venture between Penta-Ocean Construction and Koh Brothers Building & Civil Engineering Contractor, and the Singapore branch of Leighton Contractors (Asia).
Their work will be part of a network of 40km of deep tunnels and 60km of link sewers for DTSS Phase 2.
The contracts for the rest of the network will be awarded from 2018.
By its expected completion date of 2025, the DTSS will be connected to the Tuas Water Reclamation Plant.
The DTSS will then transport used water from the whole of Singapore into three centralised water reclamation plants for treatment.
There, the water will either undergo more purification to make Newater, or it will be discharged into the sea.
Mr Yong Wei Hin, director of the DTSS Phase 2 at PUB, said: " As the backbone of Newater production, the DTSS ensures the sustainability and resilience of the used water network to facilitate large-scale water recycling in Singapore and contributes to the goal of increasing the overall water recycling rate from 40 per cent to up to 55 per cent of total water demand in the long term."
What's the status of RI?
0.119==> hopefully can up move next week😭
lifeisgood ( Date: 29-Sep-2017 15:53) Posted:
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Despite such a strong run up today,. the selling pressure is surprisingly muted. Lets see later 4 pm how.
redbull888 ( Date: 29-Sep-2017 15:42) Posted:
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0.118 liao.......hold.....😥
Still got more of those railway projects. I also suspect company will sell away the Malaysia oiltek business. So should have large one off gain.
redbull888 ( Date: 29-Sep-2017 13:50) Posted:
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Holding on.....hope they got more projects😂
lifeisgood ( Date: 29-Sep-2017 13:24) Posted:
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Thanks. Good stocks sooner or later will be " discovered" . Only the waiting part damn boring. But I nibble occasionally, as and when I have fund coming in from recycling other counters. This one is a very solid company. Kept winning contracts.
Just4win ( Date: 29-Sep-2017 09:18) Posted:
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i think it was announced 2 weeks back. but then the price fall the days after the announcement...
http://www.straitstimes.com/singapore/pub-awards-first-set-of-contracts-to-build-deep-tunnel-sewerage-system-phase-2
http://www.straitstimes.com/singapore/pub-awards-first-set-of-contracts-to-build-deep-tunnel-sewerage-system-phase-2
Just4win ( Date: 29-Sep-2017 09:18) Posted:
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Koh Brothers (the parent) very smart, using the tail to wag the dog. They know that when Koh Eco (the subsidiary) moves, the parent will start to look ridiculously cheap. 50 cents coming soon?
Based on my naked EYEBALLING, Koh Brothers (the parent) is heading to between 50 and 60 cents. I am heavily vested in Koh Brothers and certainly hope my eyeballing not sallah....
iinvestor ( Date: 29-Sep-2017 10:59) Posted:
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