11 years ago, Tiong Seng together with its partner, jointly won one of the largest construction contract for RWS.

https://www.google.com/amp/s/propertyfores...

Last week the government announced plans for an expansion of the two integrated resorts. For RWS, there will be two new attractions at Universal Studios Singapore - Minion Park and Super Nintendo World. Also in the pipeline is an attraction called Singapore Oceanarium - a rebranding of the S.E.A. aquarium after it is expanded by more than three times. RWS will also add a new waterfront lifestyle complex and two new destination hotels with up to 1,100 rooms. The entire waterfront promenade will be completely renewed to feature a nightly show and a multi-purpose event zone, said RWS, adding that there will be a new Adventure Dining Playhouse to replace Resorts World Theatre.

Tiong Seng should be able to secure contracts for this expansion given its experience and track record in the initial RWS development and the competitive advantage it has:

https://ie.enterprisesg.gov.sg/Venture-Ove...

$Tiong Seng(BFI.SI)

Read more
2 likes
10 comments
XueRen_Sharen

Construction stocks related to IR chiong today...

XueRen_Sharen

Pan united started moving lol

XueRen_Sharen

Haha this stock really quiet even with huge potential from IR2 starting from now till the next few years...

XueRen_Sharen

Reply to @XueRen_Sharen : There are not many established construction companies in sg.. given the scale of this expansion to a tune of 9.5billion, I would be surprised if tiong seng doesn't win any contracts haha..

  View More Replies Small loading
XueRen_Sharen

Huat ah! Waiting for vol explosion, funds to come in hahah..

jamesyeo2

yup hopefully. if it secure, it can go above 30cents. then really huat Liao!


Recommended & Related Posts

Anyone vested in Tiong Seng and has any view? Came across a project they are undertaking.

$Tiong Seng(BFI.SI)

Read more
Expiry:
Target Price
$0.32
(+25.49%)
NOW:

Looking forward to the results and dividend announcements today and resuming their share buyback after today's result.

Read more
Expiry:
Target Price
$0.5
(+81.82%)
NOW:

An impending global recession requires measures to soften the blow on the Singaporean economy. Increasing spends on public infrastructure projects is one such way. This increased spending will lead to more job creation and also help boost the construction sector which is currently struggling, as noted in a FITCH Solutions report.

Another reason to build and maintain public infrastructure is to cater to the needs of an ageing population.

Read more

There are more for you ...

View more and participate in our discussion now. It's FREE.

Creating an account means you’re okay with InvestingNote's Terms and Conditions