Tuesday, July 3, 2012
United Engrs
United Engrs: awarded 3 environmental engrg contracts worth over $70m. Breakdown as follows,
i) proposed expansion to Digesters and Effluent Pumping Station at Changi Water Reclamation Plant (CWRP) valued at $27.6m,
ii) proposed Membrane Plant at CWRP valued at $28.7m, and
iii) waste-to-energy project at a poultry farm in Spore valued at US$11m.
The stock trades at 2.5x P/E, 0.5x P/B.
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