Rotary

Rotary: Amassed total of 13 contracts worth $40m from Apr to Jul which involves EPC, maintenance, electrical and instrumentation works. One project is related to Taiwan-based Chang Chun Group’s $500m invt to build a petrochemical plant on Jurong Island. Co is continuing on with its 2 major projects in Middle East, its Saudi Aramco project in Saudi Arabia and Fujairah Oil Terminal project in UAE. As of last reported, 4 May 2011, co had order book of $823.9m, to be completed by end 2012. Rotary trades at 6.9x fwd P/E with all 4 houses calling a Buy on stock.