TTJ: Has secured approx $19m in new contracts to supply structural steelworks, civil defence shelter doors and other services for diverse mix of projects in Singapore. These projects are to be completed by FY2012-13.
The projects include fabrication of king posts for Capitol Building and an office building at 146 Mkt Str, as well as the proposed redev of Specialists' Centre/Hotel Phoenix/Orchard Emerald. TTJ will also be involved in supplying and installing civil defence shelter doors for MRT Downtown Line 2. Lastly co will undertake a structural steelworks project for a warehouse in Jurong Island for Hitachi.
Co has a current order book of $200m which will last till FY2013 and trades at current P/E of 4.2x.
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