Mencast

Mencast: Has secured two separate contracts for offshore services from Keppel Corp, where iits offshore and engineering division will provide maintenance, repair and overhaul (MRO) services to Keppel Singmarine and Keppel Shipyard. Contracts affirm Mencast’s growing leadership in providing MRO services to the offshore industry, although the value of both contracts was not disclosed. These contracts follow Mencast's announcement last mth of a long-term contract for similar MRO services awarded by Keppel FELS. Note that Mencast orderflows has been pretty robust this yr, with Keppel being a major client. As grp continues to expand their MRO services, we do not rule out the grp potentially see more order flow through to them. CEO is envisioning to be a $1b co. by 2020.