TechnicsO&G

TechnicsO&G: Awarded 2 contracts worth S$13.1m. The first contract is in the Russia Federation for the supply of equipment for modification of a jackup rig. The second contract involves an EPC & Commissioning, fabrication and supply of gas compressor packages for a Msia client. These contracts are expected to contribute positively to co's FY2011 performance. Technics’ current P/E is approx 8.2x vs its hist avg of 9.7x.