Technics O&G

Technics O&G: Awarded 2 contracts worth $8.5m in total. The contracts involve fabrication of a structural module for a Msian customer and construction of Power Generation module for a FPSO. Latest results were stable with net profit posting a 6% gain yoy +37.6% qoq. As of 3 Aug co reported an order book of $103m. Co has current P/E of 7.6x and peer Dyna-Mac trades at approx 13.7x