ST Engrg

ST Engrg: ST Marine has won shipbuilding contract worth $171m from Swire Pacific to build and outfit 4 AHTS vessels expected to be delivered within 1H2013 – 2H2014. These will support the latest generation of semi-sub rigs operating in harsh environments. Most recently, co is involved with a lawsuit by Louis Dreyfus claiming damages of approx $63m. Co trades at fwd P/E of 16.6x with 8 of 14 analysts with Buy calls.