Ann: Watpac Preferred Contractor for $257M Ryde Garden Contract, page-2

bit of a write-up about Watpac / China connection.... and a bit of background on this $275 million contract....




http://www.theaustralian.com.au/bus...try-gardens-deal/story-fn9656lz-1227559599516

Chinese development giant Watpac nears $257m Country Gardens deal
".....the builder argues the handsome contract is a sign of things to come for the local ¬industry, which is enjoying an uplift as a swag of deep-pocketed Chinese developers including Dalian Wanda, Golden Horse and China Poly Group inch ¬closer to turning the sod at sprawling apartment projects.

“A strong demand for high- and medium-density residential property — especially in Queensland and NSW, is driving an increase in activity within the sector,” Watpac chief executive Martin Monroe said.

“The difference being, however, that offshore developers are benefiting from a falling ¬Australian dollar.”

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also the "Fool"... with an extremely positive article about WATPAC....

http://www.fool.com.au/2015/10/14/want-to-buy-a-business-for-free-now-you-might-be-able-to/

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and the nuclear medicine facility.... construction going well.... care of WATPAC.......



http://www.manmonthly.com.au/news/significant-milestone-reached-for-australia-s-new

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and a BUY put on WATPAC by the "Commsec" crew.....


https://www.mywealth.commbank.com.au/investing/five-stocks-fund-managers-are-watching-hottopic201510

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bsh