Yongnam: Continues strong run in securing MRT’s Downtown Line2 contracts, with grp announcing the clinching of 2 contracts worth $56.5m, for the supply, installation and removal of struts and walers. Total contracts grp has secured for DTL 2 projects amounts to $109m. Contract is not expected to have a significant impact on grp’s financial performance ending Dec31…..
We note that Orderwin would place current orderbook at approximately 516.5m, vs FY09 Rev of $346.8m. At current prices, grp trades at an undemanding FY10E P/E of 7.1x, vs industry average of 9.1x Forward P/E.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment