Keppel Fels wins SGD633m jack-up rig order. Keppel's subsidiary, Keppel Fels, has secured an order for a jackup rig worth USD500m.The contract was awarded from TS Offshore and delivery is scheduled for the first quarter of 2017.The rig will work in waters up to 500 ft deep, drill to depths of 35,000 ft, and is equipped with a 100 ft cantilever outreach - making it the most advanced jackup to be built in Singapore so far. We have a BUY call on Keppel, with a TP of SGD12.65.(SGX)
Ntegrator secures four contracts worth SGD2.9m. Ntegrator has secured four contracts worth SGD2.9m for the supply of telecommunications equipment to major repeat customers in Myanmar. Three of the contracts were awarded by Myanmar's Ministry of Defence for the supply of communications network equipment for expansion of network capacity. The fourth contract, awarded by MRTV, Myanmar's state-owned broadcast radio and television network,is for the supply of an FM transmitter. All the four contractsare slated for delivery in the current financial year and are expected to bring positive contributions to the Group's financial performance for the financial year ending December 31, 2014.(SGX)