Rotary

Rotary: to lift trading halt at 2.30pm. Secures an EPC contract worth ~$300m from Tankstore, for the expansion of the oil terminal at Pulau Busing, Singapore. The contract is for a period of two yrs and is expected to start immediately. The scope of work involves the engineering design, procurement and construction of a 800k cbm facility. With this win, Rotary's current order book stands at ~$750m. This compares with FY11 revenue of $531m. The co trades at 1.5x P/B, was loss making on a trailing 12m basis.