order book

SembMarine’s dividend downtrend is far from over
SINGAPORE (Oct 27): Sembcorp Marine’s disappointing 3Q16 results has led DBS to reiterate its “fully valued” rating with a lower target price of $1.15 from $1.20. In a Wednesday report, analyst Ho Pei Hwa notes that forecasts for FY16 earnings have been slashed 55%, with the interim dividend of 1.5 cents in 3Q16 raising concerns over the final dividend. “We now expect Sembcorp ...
TEE International announces $48 mil of new contract wins
SINGAPORE (Oct 13): Engineering, real estate and infrastructure group TEE International, together with its subsidiaries and associated companies, was awarded $48 million worth of new engineering contracts, bringing the group’s total unfulfilled order book to $372 million to date. This includes a contract awarded to TEE’s wholly-owned subsidiary, Trans Equatorial Engineering, by Changi ...
TEE International awarded new contracts worth $95 mil
SINGAPORE (Sept 8): TEE International has announced new engineering contract wins totalling $95 million from Aug to Sept. Together with its wholly-owned subsidiary, PBT Engineering, the engineering and construction group will be working on AXA Tower, PSB Academy and Seletar Airport through the contracts. In a Thursday statement, TEE says this brings the group’s outstanding order book to ...
UOB’s Basel-III compliant Tier 2 notes 7.3 times subscribed
SINGAPORE (Sept 1): United Overseas Bank (UOB) says it will be issuing US$600 million worth of 2.88% Basel III-compliant Tier 2 subordinated notes on Sept 8. UOB says the notes were “7.3 times subscribed” with an order book of US$4.4 billion ($6 billion) and are expected to be rated ‘A2’ by Moody’s Investors Service and ‘A+’ by Fitch Ratings. Issued under the bank’s $15 ...
  •