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Monday, 19 September 2011

Rotary Engineering secures S$110m worth of contracts from July to September 2011

SINGAPORE, 19 September, 2011 – IT STARTED with a small contract for early works such as temporary facilities, ground preparation and civil works for a chemical plant. Following that initial assignment, mainboard-listed Rotary Engineering Limited (Rotary) has reeled in a multi-million contract to undertake construction of the chemical plant, based in Jurong Island.

The project, contracted with CCD (Singapore) Pte Ltd, relates to Taiwan-based Chang Chun Group’s initial investment of S$500 million to build a petrochemical plant on Jurong Island.

In addition, Rotary announced a slew of contracts of varying values that it has amassed over the months of July through September 2011. For confidentiality and competitive reasons, the Group is unable to provide a breakdown of the transactions that involve work across different disciplines, including engineering procurement and construction (EPC), maintenance and electrical and instrumentation services.

4 comments:

  1. Vested since IPO times.

    ReplyDelete
  2. But no huat for me! Bought ~1+, and this Rotary has been disappointing as far as price performance goes. CH

    ReplyDelete
  3. Ya,
    i did not sell @ $1.30. i was greedy then. i thought it would go higher. Anyway, this stock usually tie with Oil/Ship Building Industries. This stock unable to perform now most probably because of Middle East's CHAOS. Well maybe better days are here now, if Middle East becomes more settle/calm.
    Libya's war is going to end soon. Maybe Rotary will be active again in Middle East.


    NB:
    I have Koh Brothers since IPO too. This is a sucker's stock. i think this stock only benefit the K's family.

    Well i win some i lose some.
    i must be able to accept this.
    If not, i most probably will lose my self-confidence/self-belief.

    Quote from a finance books:-
    "In investments, what separate the Victims from the Victors is discipline and skepticism".
    Shalom.

    ReplyDelete

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