Wednesday, July 3, 2013

CNA Group

CNA Group: Awarded projects worth $6m in aggregate for the design, supply, installation, testing and commissioning of building management and automation systems for seven individual buildings in Singapore. The contracts are in-line with the group's strategy to expand its recurring income to mitigate the lumpy earnings, easing the group's cash flow. The group's order book is currently at $73.8m. The counter is down 1.4% this morning, perhaps due to some profit-taking after the 17.5% spike yesterday. Over the weekend, the group announced its MOU to co-develop homes for Japanese expats in Thailand.

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