CSC Holdings: Grp announced that it has secured in excess of $50m of contracts in past 3 mths, which included a $15.4m contract for ITE College Central and various infrastructures, residential and industrial foundation contracts. With thlese latest editions, CSC’s orderbook as at Oct10 stands at $180m…..
We note however that valuations are not cheap, with Grp currently tradeing at 7.7x PE Mar FY11 vs peers average of 7.1x.
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