Libra poised to win bigger contracts in 2015

Thanks to its BCA license upgrade.

Mainboard-listed Libra Group is poised to bag bigger contracts this year on back of its upgraded BCA license.

Libra’s wholly owned M&E subsidiary, Kin Xin Engineering, had successfully attained upgrades to a L6 category for its BCA licences related to air-conditioning, refrigeration and ventilation works as well as integrated building services.

According to OCBC, the upgrades would enable Libra to tender for an unlimited amount of public government projects, whereas previously they were constrained to projects with contract values below S$14m.

“Ahead of its FY14 results to be released, we believe the group could achieve an estimated 8.0 times growth in earnings to S$4.7m. The counter’s share price has appreciated 7.5% since our last report in Jan-15,” stated OCBC.