SAAG, an oil and gas (O&G) engineering player, expects to know the outcome of its bid for contracts worth RM350mil in the next two months (Sept – Oct 2008).
The group would get the award result for a RM200mil project in India by end of this month (Aug 2008). The award result for a local contract worth RM150mil will be announced in October 2008. The contracts are for the servicing of platform rigs and drilling equipment in mostly O&G upstream activities.
Going forward … The group was preparing to tender for another Indian job worth RM300mil by year-end, also for similar services.
On its current RM700mil order book, the contracts would last until early 2012.
Major current contracts include the supply of work-over rigs, telecommunication towers, sewerage projects and the supply of tankers.
On its delayed Labuan Shipyard Engineering Sdn Bhd joint venture deal, it would be concluded in a month or two (Sept – Oct 2008). The delay was deliberate as they need time to re-evaluate the viability of the project, But, all the details have been ironed out and they are currently finalising the contracts with our Iran counterpart for the supply of rigs.
Scan 14 Nov 2024
-
Symbol TypeDateClose PriceVolume13 Day RSI
ABMB Overbought 11/14/2024 4.94 2769000 73.37
KEINHIN Overbought 11/14/2024 1.44 900 70.81
RANHILL Overbought 11/...
12 hours ago
1 comment:
Hi, just drop a line to see if you are interested to sign up for matched. co .uk.
The link is https://www.matched.co.uk/affiliate/6856481
They are interested to advertise in finanace blogs like ours.
Philip
Bursa KLSE Blogs and News
Post a Comment