I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Tuesday 29 November 2011

Lian Beng wins S$98m worth of deals from unit, HDB

By YEO AIQI


Lian Beng Group Ltd on Tuesday announced that its unit, LS Construction Pte Ltd, has secured contracts worth about S$98 million.

They are S$13.2 million contract from Housing and Development Board, Singapore (HDB) and S$84.5 million contract from Lian Beng Centurion (Mandai) Pte Ltd (LBCM), a subsidiary of the company.

HDB's contract is expected to be completed by September 2013 and comprise of proposed building works at Tampines Neighbourhood.

LBCM's contracts comprise of proposed erection of a 10-storey ramp-up factory at Mandai Estate and due to be completed by May 2013 and two blocks of 12-storey independent worker's dormitory development at Mandai Estate. The latter is due to be completed by May 2013.

The HDB's contract is expected to have a positive financial impact on the net tangible assets per share and earning per share of the Group for the financial year ending May 31, 2002.

The LBCM's contracts are not expected to have a material financial impact on the net tangible assets per share and earning per share of the Group for the financial year ending May 31, 2012.



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