KepCorp

KepCorp: Announced that it has secured 3 contracts with an initial combined value of $103m. The contracts are from PTSC Asia Pacific, Perenco and BC Petroleum, for conversion works that will begin in 2Q12. Grp said it does not expect the three contracts to have any material impact on its NTA or EPS for Fy12. Separately, CIMB note that Petrobras has approved the signing of contracts for the first six of its eight FPSO topside module and integration packages., which could be signed in the next few days with engineering consortiums/construction yards, worth US$4.5b . HOuse believe Keppel and Sembmarine could each bring home more than US$750m of orders.