Switch of construction stocks

Relative to the size of my portfolio, there had been some heavy transactions in the start of 2016.

I sold Low Keng Huat and bought Lian beng.

Both transactions were around the same amount, just different no. of shares.

I did this as I do not want to add another construction share.

I always liked Lian Beng.

Their low-budget website (I interpret it as they do not spend on fancy stuff).

Their crazy PE ratio of 1.8.

Their annual net income growth.

Their agility due to smaller size. They seem to bid for minor government projects that they can earn. They seem to be practical and take on jobs that are required and they can earn.
They also went into JV with another company to build dormitories for foreign workers, and did a decent and clean job.
I think there are many big companies that do not want to take on smaller jobs, because they may think they are more glamorous.
Lian Beng gives me a feeling of they are practical, and they do not mind doing things what others do not want (hardworking and down to earth).

Many other reasons.

And I sold Lau Keng Huat as their earnings are declining.

And the reason why I bought them in the first place was not very valid.

They own Carnivore, a restaurant that has decent food, but seems to be disappearing into the dark.

They do not really have any properties that I respect.

So it made perfect sense to be to swap my share of LKH to Lian Beng.