XMH Holdings - Double Breakthroughs | I3investor

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XMH Holdings - Double Breakthroughs

StockFanatic

Publish date: Mon, 07 Apr 2014, 12:53 PM

XMH has won contracts totalling SGD3.6m and achieved two breakthroughs at the same time. The first contract is for more than 24 Mitsubishi marine engines to a customer in Vietnam - a new market for the company. The second contract is for a low-speed Akasaka engine for a Pertamina tanker, representing its first sale in a new product segment.

We maintain our BUY call and SGD0.41 TP.

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