Towards Financial Freedom

Daily - 4-Mar-2014 - Morning Matters - The News

kiasutrader
Publish date: Tue, 04 Mar 2014, 11:14 AM
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)
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