Rotary Engineering: Co. announced that it has amassed $110m of jobs in 3Q11, however for confidentiality and competitive reasons, Grp is unable to provide a breakdown of the transactions that involve work across different disciplines, including engineering.
CIMB however recommends investors to sell the stock as valuations are seeminly rich in such a negative climate. The counter is trading7.5x CY12 P/E and see de-rating catalysts from weaker-than-expected orders and results.
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