Hiap Seng: awarded a contract worth S$31.2 m for piping, equipment and tank construction works for the Singapore LNG Terminal Project. Work will start in June 2011 and will be completed by May 2013.
Stock currently trades at 16.7X P/E. DBSV is neutral on stock with TP $0.50. CIMB has an Underperform rating with TP $0.43.
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