order book

TTJ announces $166 mil order book on new contract wins

SINGAPORE (May 22): TTJ Holdings has announced an order book of $166 million as of today.

In a Monday aftermarket filing to the SGX, the structural steel specialist says its latest order book was lifted by several new contacts which it has secured for undisclosed sums – including a second contract for the supply, fabrication and installation of structural steelworks for the Methionine Plant in Jurong Island for the same existing client. 

Yangzijiang announces contract wins worth $444.3 mil for 1Q17

SINGAPORE (April 3): Yangzijiang Shipbuilding Holdings says it has secured 13 new shipbuilding contracts totalling US$318 million ($444.3 million) to its order book for the first quarter of 2017.

The contracts comprise five units of 82,000DWT bulk carriers, five units of 62,000DWT woodchip carriers, two units of 1,800TEU containerships and a single unit of 6,500DWT ConRo Vessel.

In a Monday premarket statement, the group says all contracts are scheduled for deliveries from between 2018 and 2020, and ensure optimal usage of Yangzijiang’s yard facilities until 2018-2019.

King Wan secures new contracts worth $19 mil

SINGAPORE (Nov 8): King Wan Corp has secured new mechanical and electrical contracts worth $19 million.

These contracts include the design, supply and installation of air-conditioning, ventilation and building management systems for Selarang Park Complex, and plumbing and sanitary systems installation for Clement Canopy, a residential project. Both projects are scheduled for completion by 2019.

“The current order book of S$163 million has provided high revenue visibility for the Group till the year 2019,” says Chua Eng Eng, managing director, King Wan.

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 Marine to declare a final dividend of 0.5 cent as a token of appreciation to shareholders,” says Ho.

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 Airport Group (CAG) to carry out engineering works in the development of a three-runway system at Singapore Changi Airport.

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 about $324 million.

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 billion Euro medium-term note programme, the notes will be due 2027 and callable in 2022, while distributions will be payable semi-annually in arrears.

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