DJ MARKET TALK: Rotary Engine May Land ExxonMobil Deals - CIMB DJ MARKET TALK: Rotary Engine May Land ExxonMobil Deals - CIMB
0826 GMT [Dow Jones] STOCK CALL: Rotary Engineering (R07.SG) likely to land contracts for ExxonMobil's multibillion dollar Singapore Parallel Train project on Jurong Island, says CIMB; "Rotary is almost certain to be awarded contracts, given its track record in the local EPCC (engineering, procurement, construction & commissioning) industry." Jurong Island project is Exxon's second petrochemical complex in Singapore, estimated to cost US$4 billion; comprises steam cracker, series of downstream plants. Rotary has submitted S$200 million bid to build steam cracker. CIMB keeps Outperform call, S$1.68 target. Stock +4% at S$1.31. (FKH)
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弘融枫
DJ MARKET TALK: Rotary Engine May Land ExxonMobil Deals - CIMB
DJ MARKET TALK: Rotary Engine May Land ExxonMobil Deals - CIMB
0826 GMT [Dow Jones] STOCK CALL: Rotary Engineering (R07.SG) likely to land contracts for ExxonMobil's multibillion dollar Singapore Parallel Train project on Jurong Island, says CIMB; "Rotary is almost certain to be awarded contracts, given its track record in the local EPCC (engineering, procurement, construction & commissioning) industry." Jurong Island project is Exxon's second petrochemical complex in Singapore, estimated to cost US$4 billion; comprises steam cracker, series of downstream plants. Rotary has submitted S$200 million bid to build steam cracker. CIMB keeps Outperform call, S$1.68 target. Stock +4% at S$1.31. (FKH)
Contact us in Singapore. 65 64154 150;
MarketTalk@dowjones.com
(END) Dow Jones Newswires
September 03, 2007 04:26 ET (08:26 GMT)
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