1HFY2014 Results Presentation - listed...
35
YONGNAM HOLDINGS LIMITED 1H FY2014 Results Presentation 6 August 2014
Transcript of 1HFY2014 Results Presentation - listed...
YONGNAMHOLDINGS LIMITED
1H
FY
20
14
Re
sult
s P
rese
nta
tio
n
6 A
ug
ust
20
14
CONTENTS
•O
ur
Bu
sin
ess
•C
orp
ora
te U
pd
ate
s
•1
H F
Y2
01
4 F
ina
nci
al
Pe
rfo
rma
nce
•P
rosp
ect
s a
nd
Ma
rke
t O
utl
oo
k
•G
row
th S
tra
teg
ies
an
d P
lan
s
Our Business
A w
ell
-est
ab
lish
ed
Str
uct
ura
l Ste
el
Co
ntr
act
or
an
d S
pe
cia
list
Civ
il
En
gin
ee
rin
g S
olu
tio
ns
Pro
vid
er
Str
uct
ura
lS
tee
lwo
rks:
•O
ne
of
the
la
rge
st s
tee
l fa
bri
cati
on
fa
cilit
ies
in
So
uth
ea
st A
sia
•Le
ad
ing
ste
el
spe
cia
list
con
tra
cto
r w
ith
un
pa
ralle
led
tra
ck r
eco
rd o
f ic
on
ic p
roje
cts
•O
n-t
ime
de
live
ry a
nd
wit
h q
ua
lity
•A
1 (
Ge
ne
ral
Bu
ildin
g)
Gra
de
fro
m B
CA
Sin
gap
ore
•S
1 c
ate
go
ry a
ccre
dit
ati
on
fro
m S
inga
po
re S
tru
ctu
ral
Ste
el
So
cie
ty
Sp
eci
ali
st C
ivil
En
gin
ee
rin
g•
Mo
du
lar
Str
utt
ing
Sys
tem
me
ets
in
cre
asi
ng
ly s
trin
ge
nt
de
sig
n a
nd
pro
ject
re
qu
ire
me
nts
•A
pp
roxi
ma
tely
18
4,0
00
to
nn
es
of
stru
ttin
g a
sse
ts a
nd
pip
e p
iles
•S
tro
ng
tra
ck r
eco
rd a
nd
hig
h r
ep
lace
me
nt
cost
of
stru
ts
are
ma
jor
ba
rrie
rs t
o e
ntr
y
•A
1 (
Civ
il E
ng
ine
eri
ng
) G
rad
e f
rom
BC
A S
inga
po
re
Our Business
•M
ore
th
an
40
ye
ars
of
exp
eri
en
ce in
ste
el f
ab
rica
tio
n a
nd
pro
visi
on
of
en
gin
ee
rin
g s
olu
tio
ns
•Lo
ng
est
ab
lish
ed
re
lati
on
ship
s w
ith
ma
jor
rep
uta
ble
co
ntr
act
ors
:
•Ta
ken
aka
Co
rpo
rati
on
•Sa
msu
ng
Co
rpo
rati
on
•Ta
ise
i C
orp
ora
tio
n•
Ssa
ng
yon
gE
&C
Co
. Lt
d
•O
ba
yash
i C
orp
ora
tio
n•
Hyu
nd
ai
E&
C L
td
•P
en
taO
cea
n•
Da
elim
Ind
ust
ria
l C
o.
Ltd
•Sh
imiz
u C
orp
ora
tio
n•
Wo
hH
up
Pte
Ltd
•D
raga
ges
Sin
gap
ore
•La
rse
n &
To
ub
ro L
td
•Se
mb
aw
an
gE
&C
Pte
Ltd
Our Footprint
Re
gio
na
l Pre
sen
ce:
1.
Sub
sid
iari
es
•Si
nga
po
re
•M
ala
ysia
•H
on
g K
on
g
•T
ha
ilan
d
•M
idd
le E
ast
2.
Pro
ject
Off
ice
•In
dia
Pro
ject
s U
nd
ert
ake
n
Acr
oss
th
e R
eg
ion
:
•Si
nga
po
re
•M
ala
ysia
•M
idd
le E
ast
•C
hin
a
•N
orw
ay
•B
run
ei
•P
hili
pp
ine
s
•T
ha
ilan
d
•Ja
pa
n
•K
ore
a
•H
on
g K
on
g
•P
aki
sta
n
•In
dia
Mid
dle
Ea
stIn
dia
Ho
ng
Ko
ng
Th
ail
an
d
Ma
lay
sia
Sin
ga
po
re
Our Facilities
•S
ing
ap
ore
Tota
lLa
nd
Are
a
Wo
rksh
op
Co
vere
d A
rea
Ca
pa
city
(N
orm
al S
tee
l S
tru
ctu
re)
Ap
pro
xim
ate
ly7
6,0
00
m2
20
,25
0 m
2
3,0
00
To
nn
es
pe
r m
on
th
•M
ala
ysi
a (
Nu
saja
ya
, Jo
ho
r)
Tota
lLa
nd
Are
a
Wo
rksh
op
Co
vere
d A
rea
Ca
pa
city
(N
orm
al S
tee
l S
tru
ctu
re)
Ap
pro
xim
ate
ly1
09
,10
3 m
2
38
,60
0 m
2
4,0
00
To
nn
es
pe
r m
on
th
•To
tal
Sta
ffS
tre
ng
thA
pp
roxi
ma
tely
2,0
00
Structural Steel –Track Record
•Si
ng
ap
ore
:
•Te
rmin
al 1
, C
ha
ng
i
Inte
rnat
ion
al A
irp
ort
•Su
nte
cC
ity
•C
ap
ita
l To
we
r
•N
atio
na
l Lib
rary
Bu
ildin
g
•O
ne
Ra
ffle
s Q
uay
•IO
N O
rch
ard
•M
ari
na
Bay
Sa
nd
s
Inte
gra
ted
Re
sort
•G
ard
en
s b
y T
he
Bay
•C
ivic
, C
ult
ura
l & R
eta
il
Co
mp
lex
@ O
ne
-No
rth
•Si
ng
ap
ore
Sp
ort
s H
ub
•O
vers
ea
s:
•B
run
ei (
Ha
ng
ars
)
•K
LIA
•Su
varn
ab
hu
mi
Inte
rnat
ion
al A
irp
ort
,
Ba
ng
kok
•D
ub
ai M
etr
o R
ail
•N
ew
De
lhi I
nte
rnat
ion
al
Air
po
rt
•M
um
ba
i In
tern
atio
na
l
Air
po
rt
Specialist Civil Engineering –Track Record
•Si
nga
po
re:
•Si
nga
po
re P
ost
Ce
ntr
e
•C
en
tra
l E
xpre
ssw
ay
•M
RT
No
rth
-so
uth
Lin
e
•M
RT
Ea
st-w
est
Lin
e
•M
RT
No
rth
-ea
st L
ine
•K
alla
ng
-Pa
yaLe
ba
r
Exp
ress
wa
y
•M
RT
Cir
cle
Lin
e
•M
RT
Do
wn
tow
n L
ine
Ph
ase
1
•M
ari
na
Ba
y Sa
nd
s In
teg
rate
d
Re
sort
•M
ari
na
Co
ast
al E
xpre
ssw
ay
•O
vers
ea
s:
•D
ub
ai
Me
tro
Ra
il
•H
on
g K
on
g M
TR
MRT –Yongnam’sTrack Record
On-Going Projects
Na
tio
na
l Art
Ga
lle
ry•
Co
ntr
act
wo
rth
S$
38
.8
mill
ion
•Su
pp
ly a
nd
ere
ct
stru
ctu
ral
ste
elw
ork
s fo
r
ne
w f
loo
r st
ruct
ure
an
d
skyb
rid
ges,
plu
s
un
de
rpin
nin
g,
sho
rin
g
an
d s
tre
ngt
he
nin
g w
ork
s
•6
0,0
00
sq
mN
AG
will
be
larg
est
vis
ua
l a
rts
ven
ue
in S
inga
po
re
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xpe
cte
d c
om
ple
tio
n i
n
3Q
20
14
On-Going Projects
Ma
rke
t S
tre
et
De
velo
pm
en
t•
Co
ntr
act
wo
rth
S$
40
.3
mill
ion
•Su
pp
ly a
nd
ere
ct s
tru
ctu
ral
ste
elw
ork
s a
nd
in
sta
llati
on
of
pre
cast
co
lum
ns
an
d
be
am
s
•E
xpe
cte
d c
om
ple
tio
n i
n
3Q
20
14
On-Going Projects
So
uth
Be
ach
De
velo
pm
en
t•
Co
ntr
act
wo
rth
S$
32
mill
ion
•Su
pp
ly a
nd
ere
ct s
tru
ctu
ral
ste
elw
ork
s fo
r fa
çad
e a
nd
can
op
ies
•E
xpe
cte
d c
om
ple
tio
n i
n 4
Q
20
14
On-Going Projects
Ma
rin
a O
ne
•Se
cure
d i
n D
ec
20
13
•C
on
tra
ct w
ort
h S
$1
68
mill
ion
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pp
ly a
nd
ere
ct
stru
ctu
ral
ste
elw
ork
s fo
r
2 b
lock
s o
f 3
0-S
tore
y
Off
ice
, 2
blo
cks
of
34
Sto
rey
Re
sid
en
tia
l
Bu
ildin
g,
3-S
tore
y
Co
mm
erc
ial P
od
ium
an
d
4-L
eve
l Ba
sem
en
t
Ca
rpa
rks
wit
h
Un
de
rgro
un
d
Pe
de
stri
an
/Sh
op
pin
g
Ma
ll
•E
xpe
cte
d c
om
ple
tio
n i
n
3Q
20
16
On-Going Projects
MR
T D
ow
nto
wn
Lin
e 2
–4
co
ntr
act
s w
ort
h t
ota
l of
S$
11
6 m
illi
on
•C
92
1 (
3 c
on
tra
cts)
Inst
alla
tio
n a
nd
re
mo
val o
f
ste
el
stru
ts a
nd
wa
lers
,
she
et
pile
s, s
old
ier
pile
s,
kin
g p
ost
s a
nd
RC
de
ckin
g
for
Litt
le I
nd
ia S
tati
on
,
Ro
cho
rSt
ati
on
an
d t
un
ne
l
be
twe
en
th
e t
wo
sta
tio
ns.
Exp
ect
ed
co
mp
leti
on
1Q
20
15
•C
91
8 -
Inst
alla
tio
n a
nd
rem
ova
l of
ste
el
stru
ts a
nd
wa
lers
for
Tan
Ka
h K
ee
Sta
tio
n a
nd
Cu
t &
Co
ver
Tun
ne
l. E
xpe
cte
d
com
ple
tio
n 3
Q 2
01
4.
On-Going Projects
MR
T D
ow
nto
wn
Lin
e 3
–6
co
ntr
act
s w
ort
h t
ota
l of
S$
10
9 m
illi
on
•C
92
9 &
C9
32
A –
Inst
alla
tio
n
an
d r
em
ova
l of
ste
el
stru
ts,
she
etp
ilea
nd
de
ckin
g f
or
Ka
ki
Bu
kit
an
d K
alla
ng
Ba
hru
Sta
tio
ns.
Exp
ect
ed
com
ple
tio
n 1
Q 2
01
5
•C
93
3 –
Inst
alla
tio
n a
nd
rem
ova
l of
ste
el
stru
ts a
nd
wa
lers
an
d c
on
stru
ctio
n
de
ckin
g f
or
Jala
nB
esa
r
Sta
tio
n.
Exp
ect
ed
co
mp
leti
on
2Q
20
15
•C
92
3 –
De
ep
ba
sem
en
t
exc
ava
tio
n,
inst
alla
tio
n a
nd
rem
ova
l of
ste
el
stru
ts a
nd
con
stru
ctio
n d
eck
ing
fo
r
Up
pe
r C
ha
ng
iSta
tio
n.
Exp
ect
ed
co
mp
leti
on
in
3Q
20
15
On-Going Projects
MR
T D
ow
nto
wn
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e 3
–6
co
ntr
act
s w
ort
h t
ota
l of
S$
10
9 m
illi
on
•C
92
2 –
Inst
alla
tio
n a
nd
rem
ova
l of
ste
el
stru
ts,
de
ckin
g a
nd
kin
g p
ost
s fo
r
Exp
o S
tati
on
an
d o
verr
un
tun
ne
ls.
Exp
ect
ed
co
mp
leti
on
2Q
20
15
•C
93
1 –
Inst
alla
tio
n a
nd
rem
ova
l of
ste
el
stru
ts a
nd
de
ckin
g f
or
Ma
cph
ers
on
Sta
tio
n.
Exp
ect
ed
co
mp
leti
on
1Q
20
15
On-Going Projects
HK
MT
R E
xte
nsi
on
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co
ntr
act
s w
ort
h t
ota
l o
f H
K$
77
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illi
on
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art
of
26
-km
lon
g H
K
sect
ion
of
the
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an
gzh
ou
-
She
nzh
en
-Ho
ng
Ko
ng
Exp
ress
Ra
il Li
nk
run
nin
g
fro
m W
est
Ko
wlo
on
to
She
nzh
en
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esi
gn
, su
pp
ly,
inst
alla
tio
n
an
d r
em
ova
l of
stru
t a
nd
wa
lers
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off
erd
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exc
ava
tio
n o
f
cut
an
d c
ove
r tu
nn
els
an
d
em
erg
en
cy r
esc
ue
sid
ing
s
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on
stru
ctio
n o
f te
mp
ora
ry
bri
dge
•E
xpe
cte
d c
om
ple
tio
n
be
twe
en
20
14
to
20
16
1H FY2014 Financial Performance
1H FY2014 Financial Performance
Pe
rio
d e
nd
ed
Ju
ne
30
2Q
FY
20
14
2Q
FY
20
13
Ch
an
ge
(%)
1H
FY
20
14
1H
FY
20
13
Ch
an
ge
(%)
Re
ven
ue
(S$
’m)
61
.61
15
.1(4
6.5
)1
33
.41
97
.0(3
2.3
)
Gro
ss P
rofi
t/(L
oss
) (S
$’m
)(2
.9)
22
.4n
m0
.04
1.9
(10
0.0
)
Gro
ss M
arg
in(%
)(4
.7)
19
.4n
m0
.02
1.3
(10
0.0
)
Pro
fit
aft
er
Tax
(S$
’m)
(5.3
)8
.6n
m(7
.2)
20
.2n
m
EP
S (
Ba
sic)
(Sin
ga
po
re
cen
ts)(1
)
(0.4
2)
0.6
8n
m(0
.57
)1
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nm
NA
V p
er
Sh
are
(S
ing
ap
ore
cen
ts)(2
)
--
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3.7
82
4.9
8(4
.8)
RO
E (
%)
(An
nu
aliz
ed
)-
--
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)1
2.7
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(1) E
PS
pe
r sh
are
wa
s co
mp
ute
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ase
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n t
he
we
igh
ted
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rag
e n
um
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r o
f sh
are
s o
f 1
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6,9
42
,00
3 f
or
2Q
FY
20
14
(2
Q F
Y2
01
3:
1,2
65
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6,0
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)(2
)N
AV
pe
r sh
are
as
at
Jun
e 3
0,
20
14
an
d D
ece
mb
er
31
, 2
01
3 r
esp
ect
ive
ly
1H FY2014 Financial Performance
Jun
30
20
14
De
c 3
1
20
13
Ch
an
ge
(%)
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t W
ork
-In
-Pro
gre
ss (
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12
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rs (
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39
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1.9
)
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sh(S
$’m
)1
1.3
14
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3.4
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rro
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gs
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18
7.7
18
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2.8
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t B
orr
ow
ing
s (S
$’m
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76
.41
67
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ari
ng
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me
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0.5
31
1.3
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nd
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Pe
rio
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nd
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ne
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-
20
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40
.0
60
.0
80
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10
0.0
12
0.0
14
0.0
16
0.0
18
0.0
20
0.0
2Q
FY
20
13
2Q
FY
20
14
1H
FY
20
13
1H
FY
20
14
Re
ven
ue
S$
19
7.0
m
1H FY2014 Financial Performance
Re
ven
ue
2Q
FY
20
14
Re
ven
ue
de
cre
ase
d
46
.5%
ma
inly
du
e t
o c
om
ple
tio
n
of
me
ga
pro
ject
s a
nd
lack
of
ne
w
pro
ject
s.•
Stru
ctu
ral S
tee
lwo
rks
de
cre
ase
d
fro
m S
$7
0.4
mill
ion
in
2Q
FY
20
13
to S
$3
1.7
mill
ion
in
2Q
FY
20
14
.
•K
ey
co
ntr
ibu
tin
g p
roje
cts
incl
ud
e:
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atio
na
l Art
Ga
llery
•M
ark
et
Stre
et
Re
de
velo
pm
en
t
•So
uth
Be
ach
De
velo
pm
en
t
•M
ari
na
On
e
•Sp
eci
alis
t C
ivil
En
gin
ee
rin
g
de
cre
ase
d f
rom
S$
44
.7 m
illio
n i
n
2Q
FY
20
13
to
S$
29
.7 m
illio
n i
n 2
Q
FY2
01
4.
•K
ey
co
ntr
ibu
tin
g p
roje
cts
incl
ud
e:
•M
RT
Do
wn
tow
n L
ine
2 &
3
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on
g K
on
g p
roje
cts
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)
Pe
rio
d e
nd
ed
Ju
ne
30
S$
11
5.1
m
S$
61
.6m
S$
13
3.4
m
(32
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)
1H FY2014 Financial Performance
Re
ven
ue
by
Bu
sin
ess
Se
gm
en
t
2Q
FY
20
14
2Q
FY
20
13
Spe
cia
list
Civ
il
En
gin
ee
rin
g
48
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Stru
ctu
ral
Ste
elw
ork
s
51
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Spe
cia
list
Civ
il
En
gin
ee
rin
g
38
.8%
Stru
ctu
ral
Ste
elw
ork
s
61
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Pe
rio
d e
nd
ed
Ju
ne
30
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)
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10
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15
.0
20
.0
25
.0
30
.0
35
.0
40
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2Q
FY
20
13
2Q
FY
20
14
1H
FY
20
13
1H
FY
20
14
S$
'm
1H FY2014 Financial Performance
Gro
ss P
rofi
t/(L
oss
)2
Q F
Y2
01
4 in
curr
ed
gro
ss l
oss
of
S$2
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, d
ue
ma
inly
to
:
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we
r m
arg
in p
roje
cts;
an
d
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igh
er
un
ab
sorb
ed
ove
rhe
ad
s d
ue
to
low
er
fab
rica
tio
n a
nd
ere
ctio
n.
nm
%
Pe
rio
d e
nd
ed
Ju
ne
30
S$
0.0
m
S$
22
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S$
41
.9m
(S$
2.9
m)
(10
0.0
%)
(10
.0)
(5.0
)
-
5.0
10
.0
15
.0
20
.0
25
.0
2Q
FY
20
13
2Q
FY
20
14
1H
FY
20
13
1H
FY
20
14
1H FY2014 Financial Performance
Pro
fit/
(Lo
ss)
aft
er
Tax
Co
nse
qu
en
tly,
2Q
FY
20
14
incu
rre
d l
oss
aft
er
tax
of
S$5
.3m
.
nm
%
Pe
rio
d e
nd
ed
Ju
ne
30
S$
’m
(S$
5.3
m)
S$
8.6
mn
m%
S$
20
.2m
(S$
7.2
m)
1H FY2014 Financial Performance
Ord
er
Bo
ok
Ord
er
bo
ok
of
S$
27
5 m
illi
on
as
at
Jun
e 3
0,
20
14
•St
ruct
ura
l Ste
elw
ork
s V
s Sp
eci
alis
t C
ivil
En
gin
ee
rin
g –
79
:21
•3
0%
exp
ect
ed
to
co
mp
lete
in F
Y2
01
4
Pe
rio
d e
nd
ed
Ju
ne
30
Prospects and Market Outlook
Market Prospects: Singapore
Co
nst
ruct
ion
se
cto
r re
ma
ins
bu
oy
an
t (1
) :
•C
on
stru
ctio
n d
em
an
d a
nd
ou
tlo
ok
for
20
14
exp
ect
ed
to
be
be
twe
en
$3
1-3
8 b
illio
n,
an
cho
red
by
pu
blic
se
cto
r p
roje
cts.
•In
2Q
20
14
, th
e c
on
stru
ctio
n s
ect
or
exp
an
de
d a
t a
n a
nn
ua
lise
dra
te o
f 2
.6%
on
a q
ua
rte
r-o
n-q
ua
rte
r b
asi
s, a
n
imp
rove
me
nt
fro
m a
0.5
% c
on
tra
ctio
n r
eco
rde
d i
n t
he
pre
vio
us
qu
art
er(2
)
20
15
an
d 2
01
6 t
o s
ee
ro
bu
st p
erf
orm
an
ce(3
) :
•Fo
r 2
01
5 a
nd
20
16
, th
e a
vera
ge
co
nst
ruct
ion
de
ma
nd
is
pro
ject
ed
to
be
a r
ob
ust
$2
9-3
7 b
illio
n p
er
an
nu
m
•Lo
we
r ra
te o
f g
row
th m
ain
ly d
ue
to
a s
low
do
wn
in
pri
vate
se
cto
r co
nst
ruct
ion
act
ivit
ies
•S
pe
nd
ing
ho
we
ver,
is
exp
ect
ed
to
re
ma
in r
ela
tive
ly b
uo
yan
t o
n t
he
ba
ck o
f p
lan
ne
d i
nfr
ast
ruct
ura
l p
roje
cts
as
the
Go
vern
me
nt
str
ive
s to
me
et
the
ne
ed
s o
f th
e p
op
ula
tio
n.
He
alt
hy
pip
eli
ne
of
op
po
rtu
nit
ies
in 2
01
4 a
nd
be
yo
nd
(4) :
•S
tro
ng
co
nst
ruct
ion
de
ma
nd
fo
r ci
vil
en
gin
ee
rin
g i
s e
xpe
cte
d t
o s
up
po
rt b
usi
ne
ss o
utl
oo
k
•R
oll-
ou
t o
f te
nd
ers
fo
r th
e n
ext
ma
jor
MR
T l
ine
will
lik
ely
be
in
20
15
(5)
•P
ub
lic p
roje
cts
by
the
La
nd
Tra
nsp
ort
Au
tho
rity
in
clu
din
g:
•C
ross
Isl
an
d L
ine
, E
ast
ern
Re
gio
n L
ine
, Ju
ron
gR
eg
ion
Lin
e,
Cir
cle
Lin
e S
tag
e 6
, D
ow
nto
wn
Lin
e E
xte
nsi
on
, N
ort
h
Ea
st L
ine
Ext
en
sio
n
•P
lan
ne
d e
xpa
nsi
on
of
the
Ka
llan
g P
aya
Leb
ar
Exp
ress
wa
y a
nd
Ta
mp
ine
sE
xpre
ssw
ay
inte
rch
an
ge
So
urc
es:
(1)
Co
nst
ruct
ion
de
ma
nd
fo
r 2
01
4 t
o r
em
ain
str
on
g –
Bu
ild
ing
Co
nst
ruct
ion
Au
tho
rity
, 9 J
an
ua
ry 2
01
4
(2)
Sin
ga
po
re’s
GD
P g
row
th m
od
era
ted
in t
he
se
con
d q
ua
rte
r o
f 2
01
4 –
Min
istr
y o
f T
rad
e a
nd
Ind
ust
ry S
ing
ap
ore
, 14
Ju
ly 2
01
4
(3)
Bu
sin
ess
exp
ect
ati
on
s o
f th
e c
on
stru
ctio
n s
ect
or
-B
uil
din
g a
nd
Co
nst
ruct
ion
Au
tho
rity
, 27
De
c 2
01
3
(4)
Lan
d T
ran
spo
rt A
uth
ori
ty o
f S
ing
ap
ore
we
bsi
te, P
ub
lic
Tra
nsp
ort
Pro
ject
s O
n T
he
Ho
rizo
n, h
ttp
://w
ww
.lta
.go
v.s
g/c
on
ten
t/lt
aw
eb
/en
/pu
blic-
tra
nsp
ort
.htm
l
(5)
Bu
sin
ess
Exp
ect
ati
on
s fo
r o
f th
e c
on
stru
ctio
n s
ect
or
–B
uil
din
g a
nd
Co
nst
ruct
ion
Au
tho
rity
, 25
Ju
ne
20
14
Market Prospects: Regional
•H
on
g K
on
g /
Ma
cau
(1) :
▫C
ap
ita
l e
xpe
nd
itu
re f
or
Ho
ng
Ko
ng
be
twe
en
20
14
–1
5 f
ore
cast
to
be
HK
$8
6.2
bill
ion
, in
clu
din
g H
K$
70
.8 m
illio
n o
n
cap
ita
l w
ork
s
▫M
ajo
r in
fra
stru
ctu
re p
roje
cts
cou
ld i
ncl
ud
e:
▫P
rop
osa
l to
bu
ild a
n a
rtif
icia
l is
lan
d i
n c
en
tra
l w
ate
rs b
etw
ee
n H
on
g K
on
g a
nd
La
nta
uIs
lan
d
▫H
K$
10
0 b
illio
n p
roje
ct e
xpa
nsi
on
of
HK
IA t
o a
th
ree
-ru
nw
ay
syst
em
▫C
en
tra
l-W
an
Ch
ai
Byp
ass
an
d I
sla
nd
Ea
ste
rn C
orr
ido
r Li
nk
(HK
$2
8.1
bill
ion
)
▫T
hir
d r
un
wa
y a
t C
he
k La
p K
ok
air
po
rt i
n 2
01
4 (
HK
$1
36
.2 b
illio
n)
▫E
FLS
: ra
il lin
k co
nn
ect
ing
Ka
i Ta
k w
ith
Ko
wlo
on
Ba
y, K
wu
nTo
ng
an
d S
ha
Tin
to
Ce
ntr
al
Lin
k (H
K$
12
bill
ion
)
□C
hin
a’s
12
th5
-Ye
ar
Pla
n f
or
Na
tio
na
l E
con
om
ic a
nd
So
cia
l De
velo
pm
en
t su
pp
ort
s M
aca
o’s
de
velo
pm
en
t in
to a
wo
rld
to
uri
sm a
nd
le
isu
re c
en
tre
, a
nd
de
velo
pm
en
t o
f co
nve
nti
on
an
d e
xhib
itio
n b
usi
ne
ss,
am
on
gst
oth
ers
.
•In
dia
(2) :
▫T
he
In
dia
go
vern
me
nt
ou
tlin
ed
in
its
Bu
dg
et
20
14
th
at
it w
ill c
on
tin
ue
to
su
pp
ort
an
d f
ast
tra
ck d
eci
sio
ns
in
infr
ast
ruct
ure
pro
ject
s
▫C
om
mit
ted
to
an
8,5
00
km
bu
ild-o
ut
of
na
tio
na
l h
igh
wa
ys,
aw
ard
ing
6 n
ew
po
rt/h
arb
or
pro
ject
s a
nd
co
mp
leti
ng
th
e m
ast
er
pla
nn
ing
of
thre
e s
ma
rt c
itie
s a
nd
se
ven
in
du
stri
al
sma
rt c
itie
s
▫P
lan
fo
r R
s 4
1 l
akh
cr.
(US
$1
tri
llio
n)
inve
stm
en
t in
in
fra
stru
ctu
re f
or
Ind
ia’s
12
thF
ive
-Ye
ar
Pla
n (
20
12
–1
7)
▫Ta
rge
ted
fie
lds
incl
ud
e p
ow
er
ge
ne
rati
on
, n
ati
on
al
hig
hw
ays
, ra
ilwa
ys,
roa
ds,
po
rts,
air
po
rts
an
d
tele
com
mu
nic
ati
on
s
▫D
elh
i-M
um
ba
i In
du
stri
al
Co
rrid
or
will
in
volv
e a
1,
50
0km
ra
ilro
ad
ne
two
rk a
nd
th
e c
on
stru
ctio
n o
f 1
6 n
ew
in
du
stri
al
com
ple
xes
▫In
dia
ne
ed
s to
mo
de
rniz
e 3
9 a
irp
ort
s a
nd
bu
ild 1
0 n
ew
on
es
So
urc
es:
(1)
Ho
ng
Ko
ng
20
14
–1
5 B
ud
ge
t –
htt
p:/
/ww
w.b
ud
ge
t.g
ov
.hk
/20
14
/en
g/s
pe
ech
.htm
l, 2
6 F
eb
rua
ry 2
01
4
(2)
Wh
o b
en
efi
ts f
rom
In
dia
’s N
ew
Bu
dg
et
–Fo
rbe
s, 2
8 J
uly
20
14
Market Prospects: Regional
•M
idd
le E
ast
(1)(
2) :
▫A
stu
dy
by
Pw
C n
ote
s a
n e
xpe
cte
d i
ncr
ea
se i
n f
un
din
g f
or
infr
ast
ruct
ure
an
d c
ap
ita
l p
roje
cts
ove
r th
e n
ext
12
m
on
ths.
In
pa
rtic
ula
r, t
he
UA
E,
Qa
tar
an
d S
au
di
are
se
en
as
top
ta
rge
t fo
r in
vest
me
nt
du
e t
o t
he
str
on
g e
con
om
ic
gro
wth
an
d b
ud
ge
t su
rplu
ses
of
the
se c
ou
ntr
ies
▫A
re
po
rt b
y E
C H
arr
is h
as
ou
tlin
ed
th
at
the
Mid
dle
Ea
st i
s e
xpe
cte
d t
o s
ee
un
pre
ced
en
ted
le
vels
of
con
stru
ctio
n
pla
nn
ed
ove
r th
e n
ext
20
ye
ars
, w
ith
th
e c
on
stru
ctio
n p
ea
k fo
reca
st f
rom
20
14
to
20
19
▫Id
en
tifi
ed
11
7 m
ajo
r co
nst
ruct
ion
pro
gra
mm
es
tha
t a
re p
lan
ne
d f
or
com
ple
tio
n b
y 2
03
0 e
.g.
▫G
ulf
Co
op
era
tio
n C
ou
nci
l (G
CC
) e
xpe
cte
d t
o c
on
tin
ue
sp
en
din
g o
n e
ne
rgy
an
d c
on
stru
ctio
n p
roje
cts
du
rin
g t
he
co
min
g y
ea
rs,
allo
cati
ng
a t
ota
l o
f $
98
5 b
illio
n f
or
infr
ast
ruct
ure
de
velo
pm
en
t d
uri
ng
20
10
–
20
15
▫Q
ata
r: U
p t
o $
13
5 b
illio
n i
n i
nfr
ast
ruct
ure
pro
ject
s b
etw
ee
n n
ow
an
d W
orl
d C
up
20
22
, in
clu
din
g
urb
an
pu
blic
tra
nsp
ort
, b
rid
ge
s, h
igh
wa
ys,
railw
ays
, a
irp
ort
s a
nd
po
rts,
an
d s
po
rts
sta
diu
ms/
faci
liti
es
▫D
ub
ai:
$7
.8 b
illio
n a
irp
ort
an
d a
irsp
ace
exp
an
sio
n p
rog
ram
will
bo
ost
ca
pa
city
at
Du
ba
i In
tern
ati
on
al
air
po
rt f
rom
60
mill
ion
to
90
mill
ion
pa
sse
ng
ers
pe
r ye
ar
by
20
18
•M
ya
nm
ar(3
) :▫
Est
ima
tes
by
the
Wo
rld
Ba
nk
hig
hli
gh
ted
th
at
Mya
nm
ar’
s e
con
om
y g
rew
at
6.5
% i
n F
Y2
01
2/1
3
▫IM
F s
aid
th
at
Mya
nm
ar’
s e
con
om
y is
fo
reca
st t
o s
tre
ngt
he
n a
t a
n a
vera
ge
of
7%
to
8%
ove
r th
e n
ext
te
n y
ea
rs,
larg
ely
dri
ven
by
hu
ge
in
vest
me
nts
in
to p
ow
er,
oil
& g
as
an
d i
nfr
ast
ruct
ure
▫T
he
in
cre
ase
d p
rese
nce
of
inte
rna
tio
na
l o
rga
nis
ati
on
ssu
ch a
s th
e W
orl
d B
an
k, I
MF
an
d A
DB
in M
yan
ma
r is
als
o
exp
ect
ed
co
ntr
ibu
te s
ign
ific
an
tly
to t
he
co
un
try
’s d
eve
lop
me
nt,
as
tech
nic
al
exp
ert
ise
an
d f
resh
lo
an
s a
re
intr
od
uce
d t
o p
ut
in p
lace
th
e n
ece
ssa
ry i
nfr
ast
ruct
ure
to
su
pp
ort
eco
no
mic
gro
wth
So
urc
es:
(1)
Infr
ast
ruct
ure
Sp
en
din
g in
th
e M
idd
le E
ast
Se
t to
Ris
e –
Su
rve
y –
Pw
C,
Jun
e 2
9,
20
14
(2)
Mid
dle
Ea
st M
ajo
r C
on
stru
ctio
n P
rog
ram
me
s–
EC
Ha
rris
, p
ub
lish
ed
in N
ov
em
be
r 2
01
3
(3)
IE In
sig
hts
–M
ya
nm
ar
:Na
vig
ati
ng
th
e R
isk
s a
nd
Op
po
rtu
nit
ies
–Ja
nu
ary
20
14
Potential Projects
•St
ruct
ura
l St
ee
l•
Pro
ject
Je
we
l, C
ha
ng
iAir
po
rt
•C
om
me
rcia
l De
velo
pm
en
ts
•K
ee
ls C
ity
De
velo
pm
en
t
•In
du
stri
al P
lan
ts
30
Potential Projects
•Sp
eci
alis
t C
ivil
En
gin
ee
rin
g•
Th
om
son
Lin
e
•H
K M
TR
•Tu
en
Mu
n –
Ch
ek
Lap
Ko
k Li
nk
•C
en
tra
l –
Wa
nch
ai
Byp
ass
Tu
nn
el
31
Potential Projects
•St
ruct
ura
l St
ee
lwo
rks
•Sp
eci
alis
t C
ivil
En
gin
ee
rin
g
Loca
tio
nE
xp
ect
ed
Co
mm
en
cem
en
t
Go
vern
me
nt
S$
’mil
No
n-G
ove
rnm
en
t
S$
’mil
Tota
l
S$
’mil
Sin
gap
ore
20
14
-2
22
.62
22
.6
20
15
8.2
43
.55
1.7
Ove
rse
as
20
14
-1
90
.61
90
.6
20
15
21
5.0
52
.42
67
.4
Tota
l2
23
.25
09
.17
32
.4
Loca
tio
nE
xp
ect
ed
Co
mm
en
cem
en
t
Go
vern
me
nt
S$
’mil
No
n-G
ove
rnm
en
t
S$
’mil
Tota
l
S$
’mil
Sin
gap
ore
20
14
--
-
20
15
25
8.4
-2
58
.4
Ove
rse
as
20
14
18
.02
7.0
45
.0
20
15
10
6.0
-1
06
.0
Tota
l3
82
.42
7.0
40
9.4
Pro
ject
s a
nn
ou
nce
d b
y G
ove
rnm
en
t(n
ot
incl
ud
ed
ab
ove
):
Qa
tar
–In
fra
stru
ctu
reN
ort
h-s
ou
th E
xpre
ssw
ay
MR
TE
ast
ern
Re
gio
n L
ine
32
Growth Strategies and Plans
Growth Strategies and Plans
•R
em
ain
fo
cuse
d o
n t
he
tw
o c
ore
bu
sin
ess
es
–St
ruct
ura
l Ste
el a
nd
Spe
cia
list
Civ
il E
ng
ine
eri
ng
•Le
vera
ge o
n e
sta
blis
he
d b
ran
d n
am
e a
nd
str
on
g f
oo
tho
ld in
th
e
Sin
gap
ore
ma
rke
t
•P
urs
ue
inve
stm
en
t o
pp
ort
un
itie
s in
infr
ast
ruct
ure
de
velo
pm
en
ts
tha
t co
mp
lem
en
t o
ur
Stru
ctu
ral S
tee
l an
d S
pe
cia
list
Civ
il
En
gin
ee
rin
g c
ap
ab
iliti
es
•C
on
tin
ue
to
exp
lore
pro
ject
s in
Ho
ng
Ko
ng
, M
ala
ysia
, In
do
ne
sia
,
Ind
ia, G
CC
co
un
trie
s a
nd
Eu
rop
e
Th
an
k Y
ou
