I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Tuesday 11 October 2011

SWIBER SCORES WITH TWO MORE ORDER WINS OF APPROXIMATELY US$102.0 MILLION

- Strong order book visibility despite current market condition


Singapore – October 11, 2011 – Swiber Holdings Limited (“Swiber” or together with its subsidiaries, the “Group”), a world class integrated construction and support services provider to the offshore industry, announced that it has secured yet two more order wins totaling approximately US$102.0 million for offshore construction projects involving pipeline an subsea installation works in Southeast Asia. Both projects are scheduled to commenc immediately, with one project to be completed by 4QFY2011 and the other to be completed by 2QFY2013.

One of the contracts is from a new customer and another is a repeat order from an existing customer, both of which are major oil companies in Southeast Asia. These contract wins bear testimony to the Group’s strong asset and resource capabilities to meet the stringent requirements of its customers, who are mainly oil majors.

Commented Mr. Francis Wong, Group Chief Executive Officer and President of Swiber, “We are deeply encouraged by yet two more order wins notwithstanding the current market condition. While we continue to receive repeat orders from existing clients, we are also securing contract wins from new customers, signaling an endorsement of our consistently excellent service and timely deliveries.

“Our order book, which is well-diversified geographically, allows us to capture the varying peak seasonal demand for each region. This helps us to maximise the utilisation of our vessels, and allows us to spread our costs over a wider base of contracts, thus enhancing our cos competitiveness.

“Southeast Asia offers exciting opportunities for more contract wins given that Q4 is traditionally a strong quarter for awards of contracts in this geographic area.

Swiber has secured to date, new contract wins amounting to US$758.0 million in 2011 from oil and gas majors for work in Asia and the Middle East.

No comments:

Post a Comment

Related Posts with Thumbnails