Triyards: Triyards recently announcednew orders worth over US$100m, comprising two ice-class Multi-PurposeSupport Vessels (MPSVs) for OceanEnergy Ventures, and a FPSO turret fabrication job for London MarineConsultants. This brings its FY15
contract wins to about US$228m,representing 65% of UOB Kay Hian's FY15 assumption.
House maintains BUY with a higher TP of $1.10 (from $1.04), pegged at 1.0x FY16F P/B.
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