Monday, April 8, 2013

Rotary

Rotary: (The Edge) House expects works at the SATORP (Saudi Aramco Total Refining and Petrochemical company) project to be completed by this mth and for the facilities to be commissioned in Oct and cite that the project will be the first and last of such contracts in Saudi Arabia, where Rotary is the main contractor and focus on more manageable projects. Market watchers are expecting Rotary to turn ard and register a profit for this yr, given the lower material costs and mean reversion to profit margins to historical averages. Rotary has a div yield of 5% and trades at 17.9x Forward P/E.

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