contract wins

Yongnam on track for a potential turnaround in FY20, says CGS-CIMB
SINGAPORE (May 23): CGS-CIMB Research is maintaining its “add” call on Yongnam Holdings with an unchanged target price of 33 cents, which is pegged to 0.7 times FY19F P/BV based on a 20% discount to the long-term average of 0.9 times. To recap, Yongnam recently announced it had secured contracts worth $120.8 million for infrastructure works in Singapore, Hong Kong and India. This bring ...
Tritech awarded $7.1 mil PUB contract
SINGAPORE (April 22): Tritech Group has been awarded a $7.125 million contract from the Public Utilities Board (PUB) to conduct Deep Tunnel Sewage System (DTSS) Phase 2 Project – Link Sewers. Under the terms of the contract, Tritech will provide instrumentation and monitoring works for the project from June 3, 2019. This includes installing and removing monitoring equipment other than in ...
Sunpower secures $7 mil M&S project from new client in China
SINGAPORE (April 3): Sunpower Group has secured a RMB34.5 million ($7 million) manufacturing & services (M&S) contract from East China Engineering Science and Technology (ECEC), a subsidiary of state-owned enterprise China National Chemical Engineering Group Corporation (CNCEC). Under the terms of the contract, Sunpower will provide equipment and construction installation services for ...
Ntegrator announces $59 mil contract win from regional service provider in Singapore
SINGAPORE (April 2): Ntegrator says it has secured a $58.6 million contract from a repeat customer whom the company only refers to as a "Singapore-based regional service provider. The project, which commenced on Monday, involves the installation of pipelines and manholes; installation, maintenance and diversion services for infrastructure cables; and the service provision and maintenance of ...
Sysma unit wins $20 mil contract to build Nassim Road bungalow
SINGAPORE (Mar 25): Sysma Holdings says its construction unit, Sysma Construction, has secured a $20 million contract to erect a bungalow at 54 Nassim Road for “an established private owner”. Spanning two storeys, the bungalow will feature an attic and swimming pool.  In its filing to the SGX on Monday, Sysma says its new contract will span sixteen months commencing from ...
Lian Beng subsidiary wins $117 mil construction contract
SINGAPORE (Mar 18): Lian Beng Group says its wholly owned subsidiary, Deenn Engineering, has a secured a contract worth $117 million to construct a building over a period of three years starting from Mar 19. Details of the building’s location, space and functionality, nor the vendor, were not disclosed. In a Monday filing, Lian Beng says it expects the latest contract win to contribute ...
ST Engineering's electronics arm secures $351 mil contract wins in 4Q18
SINGAPORE (Jan 21): ST Engineering announced that its electronics arm has secured $351 million worth of contracts in 4Q18, bringing the total amount of contract wins in 2018 to $2.19 billion. These contracts were for its solutions in mobility, satellite communications, Internet of Things (IoT), and cybersecurity, as well as defence. The group secured contracts to supply a Passenger ...
CSE kept at 'buy' by UOB, RHB on stronger outlook with 4Q contract wins
SINGAPORE (Jan 16): UOB Kay Hian and RHB Research are reiterating their “buy” calls on CSE Global after the group announced it secured $84.8 million worth of infrastructure projects in 4Q18. Both research houses have a 59-cent target price on the stock. In a Wednesday report, UOB analyst Yeo Hai Wei says CSE latest win highlights the merits of its diversified orderbook, and implies that ...
ST Engineering's aerospace arm secures $450 mil worth of contracts in 4Q18
SINGAPORE (Jan 15): ST Engineering announced that its aerospace arm has secured about $450 million worth of new contracts in 4Q18 for services including maintenance and modification for wide-ranging aircraft parts from the airframe to components. This bring the total worth of new contracts secured in FY18 to $2.06 billion. During the quarter, a number of new contracts secured were for ...
CITIC Envirotech secures 3 projects in China worth $292 mil
SINGAPORE (Jan 14): CITIC Envirotech (CEL) has secured three projects in China worth a total of RMB 1.46 billion ($292.3 million). The first is a RMB 506 million public-private-partnership (PPP) project in Dongyuan County, Guangdong Province. The project involves the design, construction and operation of 75 wastewater treatment plants and related piping networks and the upgrading of 2 ...