Tuesday, February 5, 2013

Technics Oil & Gas

Technics Oil & Gas: Company announced 2 contracts worth $6.6m. The first contract involving the EPCC for the supply of reciprocating compressors for Diamond development project blocks – offshore Vietnam. The second involves EPCC for the provision of Deep Drawn Booster Compressor at Arthit (Thailand). Mgmt stated they are witnessing higher interest level and support from large multi-national corporations in the sector. Company is trading at 10.4x P/E.

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