ISOteam *Official*

xiaosongshu

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"To support the construction sector in particular, some $700 million in public sector infrastructure projects will be brought forward in the next two years. Construction firms can bid for these projects, which will include the upgrading of community clubs and sports facilities."

But still subjected to whether they can win the bids or not.

i think this is definitely something positive. At least it signals growth in the industry. Not to forget, there is an even stronger emphasis on green tech which will definitely do this company good.
 

seetohjwj

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i think this is definitely something positive. At least it signals growth in the industry. Not to forget, there is an even stronger emphasis on green tech which will definitely do this company good.

Entering buy at market order now! :s22:
 

Darkzi0n

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i think this is definitely something positive. At least it signals growth in the industry. Not to forget, there is an even stronger emphasis on green tech which will definitely do this company good.

its a good thing that govt is supporting the industry... but how did u conclude that it signals growth in the industry? sldnt it be the opposite? the sector is dying and govt had to intervene.
 

DamienK

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"To support the construction sector in particular, some $700 million in public sector infrastructure projects will be brought forward in the next two years. Construction firms can bid for these projects, which will include the upgrading of community clubs and sports facilities."

But still subjected to whether they can win the bids or not.

Foreign worker levy also will increase this year :s22:
 

xiaosongshu

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its a good thing that govt is supporting the industry... but how did u conclude that it signals growth in the industry? sldnt it be the opposite? the sector is dying and govt had to intervene.

you could take the growth in the industry in the literal sense that construction demand is set to grow in 2017. The value of construction contracts inclusive of both public and private sector last year is around 26 billion. The public sector construction demand is set to increase to 24 billion this year from 16 billion last year. As such, the total value this year is probably going to be around 30 billion (which is a growth)

furthermore, the government highlight a point that govt sector no longer need to accept the lowest value bidder. this is also a good news for Isoteam since they don't win projects by being the lowest value bidder.

anyway, just my 2 cents.
 

Average

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fake one lah. see the buy sell queue volumes... later become 0.40
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Sent from 金鸡 using GAGT
 

MrSinkie95

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SEVERAL construction stocks saw a flurry of activity on Tuesday, a day after the Singapore finance minister Heng Swee Keat said the government would bring forward S$700 million worth of public sector infrastructure projects to fiscal years 2017 and 2018.

Typically thinly-traded Swee Hong was trading around S$0.015 a share, up S$0.001, or 7 per cent. More than 9 million shares changed hands. Similiarly, Lian Beng was trading around S$0.510 a share, up S$0.005 , or almost 1 per cent.

Shekhar Jaiswal, Head of Research at RHB Reseach Institute, Singapore, said construction companies would benefit as the government brings forward public infrastructure projects.

"Local construction firms would be able to bid and participate in these projects, which include upgrading of community clubs and sports facilities,'' he explained.



RHB sees construction companies like Lian Beng Group, Swee Hong and Hock Lian Seng Holdings as key beneficiaries to the news. It added that it expects some spillover benefits to flow down to ISOTeam, which was trading around S$0.40 a share. It has a target price of S$0.59 for the building maintenance and estate upgrading company.
 

TVaddict

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This is why I like the management style of Isoteam. Prudent yet not afraid to invest when the opportunity arises.
 
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