order book

Analysts remain optimistic on CSE Global on strong order book, earnings visibility

SINGAPORE (Nov 11): The best is yet to come for CSE Global, say analysts, as the group has garnered four “buy” calls across brokerages DBS Group Research, CGS-CIMB, KGI Securities and RHB.

Barring a 4.7% decline in earnings to $5.03 million for 3Q19 ended September from $5.28 million in the previous year, the mainboard-listed technology solutions provider posted a solid set of results across a number of other key financial metrics.

Boustead Singapore wins $100 mil contract for European infrastructure development

SINGAPORE (Aug 22): Boustead International Heaters (BIH) has secured a $100 million contract for a major energy infrastructure development in Europe.

The contract involves the design, engineering and supply of waste heat recovery units in the oil and gas industries.

BIH is the largest subsidiary in the energy-related engineering division of SGX mainboard-listed Boustead Singapore.

With the latest contract, Boustead Singapore’s order book backlog has been raised to $823 million.

Lian Beng’s controlling Ong family raises stake, order book now $1.4 bil

(Aug 12): The Ong family, the controlling shareholder of construction and property company Lian Beng Group, has recently bought the company’s shares from the market. On Aug 2, the family bought 440,000 shares at 50 cents each, following the purchase of 299,500 shares on Aug 1 at the same price.

The purchases were made via a vehicle held by the family called Ong Sek Chong & Sons. With these purchases, the direct stake held via this entity has increased from 18.61% to 18.7%, or 93,463,000 shares. 

Categories: 

SembMarine’s weak 2Q results lead to analyst downgrades; company stays tight-lipped on police raid at Brazilian unit

(Aug 5): Disappointing results, slow order momentum and a weak outlook by the management are among reasons why investors should stay on the sidelines or consider getting out of Sembcorp Marine. Another factor is the potential blowback from a Brazilian bribery investigation that could further pummel shares of the offshore and marine services provider.

Lian Beng's order book boosted to $1.5 bil after bagging $235 mil contract

SINGAPORE (July 8): Homegrown construction and property group Lian Beng kicked FY2020 off on a strong note, after securing a contract worth $234.7 million for the construction of a fresh food distribution centre for NTUC Fairprice. 

Located at Sunview Road, part of the Boon Lay Planning Area, the development is designed by Surbana Jurong and spans 301,000 sf.

The contract was secured via tender through its 60%-owned subsidiary, United Tec Construction, and is slated to start in August 2019 and is expected to be completed by July 2021.

Federal International (2000) secures $80 mil in new orders

SINGAPORE (Oct 1): Federal International (2000) says it secured five contracts amounting to a total of US$58.4 million ($80 million), the largest being a US$51.3 million five-year charter hire contract for Federal II, a floating, storage and offloading (FSO) vessel owned by the group’s subsidiary, Eastern Jason Fabrication Services (EJFS).

This comes after the group’s previous charter agreement between China National Offshore Oil Corporation (CNOOC) and PT Eastern Jason PTEJ – which secured the five-year charter hire contract and is 30%-owned by EJFS – expired on Sept 5.

Sapphire Corp secures $87.2 mil engineering & construction contract in Hangzhou

SINGAPORE (Sept 17): Sapphire Corporation has secured a contract valued at RMB 436 million ($87.2 million) for the engineering and construction of core infrastructure structures for an urban subway system in Hangzhou, China.

The project involves the construction of a subway station and two intervals, including underground passenger pathways access in an urban environment.

As the highlight of the project, this showcases the Sapphire’s multi-disciplinary engineering and project management capabilities, says the group in a filing on Monday.

Acromec secures 3 new contracts worth $6.2 mil

SINGAPORE (July 3): Acromec, the specialist engineering provider, has secured three new contracts amounting to about $6.2 million.

The first contract is for additions and alterations to a new endoscopy suite at a medical centre for a repeat customer in the healthcare industry. The project will be carried out in two phases and is expected to be completed by the end of FY18

ST Electronics records $742 mil worth of contract wins in 4Q

SINGAPORE (Jan 18): ST Electronics has clinched about $742 million worth of contracts over 4Q17, bringing the total value of new orders secured in 2017 by its parent company, ST Engineering, to $2.24 billion.

In a Friday filing, ST Engineering says the latest contract wins from its electronics arm are in the fields of rail electronics & intelligent transportation, satellite & broadband communications, as well as advance electronics & information communications technologies (ICT) solutions.  

TTJ order book hits $170 mil with new contract wins

SINGAPORE (Nov 24): TTJ Holdings says its order book has expanded to $170 million from $152 million recorded on Sept 25 after factoring in the latest series of contract wins. 

In a filing after the market closed on Friday, the structural steel specialist says the new contracts involve the supply, fabrication and installation of structural steelworks to various projects.

Be informed of the stories that matter