23-09-2011, 08:33 PM
A recent initiation report (dated 6Sep11) by S&P on LCH which contains a lot of useful info.....
http://research.sgx.com/reports/rpt_view.pl?id=6580
A relevant question: Why shouldn't Mr Market be prepared to price LCH - as one of the leading and well-established local construction companies with a long operating history - closer to its latest (as at 30Jun11) NAV/share of $0.4332?
I suppose that's why LCH's BOD has sanctioned the company management to undertake the current aggressive share buy-back exercise!
http://research.sgx.com/reports/rpt_view.pl?id=6580
A relevant question: Why shouldn't Mr Market be prepared to price LCH - as one of the leading and well-established local construction companies with a long operating history - closer to its latest (as at 30Jun11) NAV/share of $0.4332?
I suppose that's why LCH's BOD has sanctioned the company management to undertake the current aggressive share buy-back exercise!