Boustead

Boustead: Secured contracts worth $60m to design, engineer and construct key process systems and waste heat recovery units for downstream oil refineries and gas processing plants in Canada, Finland, Nigeria and Saudi Arabia. These deals raised the group's orderbook backlog to $415m. As of the last reported financials (3QFY13 ending 31 Dec 2012), cash position of $218.5m is equivalent to $0.426/ share, making trailing P/E ex-cash 5.7x;