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Rotary Engineering !

Posted by Adrian on April 18, 2007

Rotary Engineering (S$1.00) – Opportunities abound
About 80% of Universal Terminal’s capacity on Jurong Island has been taken up, even
before its scheduled completion at end-2007, suggesting the possibility of new
expansion soon. EDB Singapore is expecting the announcement of more projects in
2007 to bring about a significant transformation of the chemical industry in Singapore.
We are optimistic that Rotary can ride the industry upturn to capture a series of projects.
While we maintain our earnings forecasts, we have upgraded our target price to
S$1.19 from S$1.14, as we roll forward our target basis from CY07 to CY08. We
continue to believe Rotary deserves a 15x P/E given its healthy earnings outlook and
prospective order-book expansion. Maintain Outperform.

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One Response to “Rotary Engineering !”

  1. This entry was posted on October 1, 2011 at 9 55 am and is filed under Astrology 2011, Horoscope, Horoscope 2011.

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