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It is not going much beyond 4% gain today (0.765) maybe due to today friday, and most counters are red. it seems going to go up again next monday ....
ozone2002 ( Date: 10-Jul-2009 13:20) Posted:
opened high .78.. now hovering ard .765..don't look so promising..
likely following the mantra of buy on rumor sell on news |
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opened high .78.. now hovering ard .765..don't look so promising..
likely following the mantra of buy on rumor sell on news
Any reasons why not take this counter now? it seems it is not going down below .760. It is very healthy company, just secured SGD 1 billion contract. It is not going much beyond 4% gain today maybe due to today friday, and most counters are red. it seems going to go up again next monday ....
i780samsung ( Date: 10-Jul-2009 10:50) Posted:
wow almost 745M USD is more than 1 billion SGD. THis is a huge contract. I check its website. This company is really a good one. They secured so many contracts lately. Do you think save to get some lots now?
ten4one ( Date: 10-Jul-2009 09:13) Posted:
| Cfm secured contract deal worth USD745m in Saudi Arabia. Cheers to all Rotary's S/Holders! This deal will put Rotary among the big league players like the Chiyoda group and Samsung Engrg in this field. Maybe could take some profits on good news. Cheers! |
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But one must first be a bit patient...
Wait a few days...
Let a bit more people (ie. investors) buy in first...
Then there will be more meaty for the downward move... 
williamyeo ( Date: 10-Jul-2009 09:24) Posted:
| Buy on rumour and sell on confirmation. |
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wow almost 745M USD is more than 1 billion SGD. THis is a huge contract. I check its website. This company is really a good one. They secured so many contracts lately. Do you think save to get some lots now?
ten4one ( Date: 10-Jul-2009 09:13) Posted:
| Cfm secured contract deal worth USD745m in Saudi Arabia. Cheers to all Rotary's S/Holders! This deal will put Rotary among the big league players like the Chiyoda group and Samsung Engrg in this field. Maybe could take some profits on good news. Cheers! |
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Loud and clear - we could all hear you. Cheers!
williamyeo ( Date: 10-Jul-2009 09:24) Posted:
| Buy on rumour and sell on confirmation. |
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tat's what i did :)
ozone2002 ( Date: 09-Jul-2009 15:46) Posted:
| looking good today..care for a scalp? |
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Buy on rumour and sell on confirmation.
Cfm secured contract deal worth USD745m in Saudi Arabia. Cheers to all Rotary's S/Holders! This deal will put Rotary among the big league players like the Chiyoda group and Samsung Engrg in this field. Maybe could take some profits on good news. Cheers!
looking good today..care for a scalp?
When the cat is out of the bag, it is time to cash in................. I'm sure you could always buy back at a lower price. Cheers!
Any advise for this counter?
when is time to buy in ?? any room up above $0.7 ??
The estimated project value is US$300M. Rotary has 40% stake in Petro Steel.
Below is the press release,
DUBAI (Zawya Dow Jones)--Technip SpA (TEC.FR), Tecnicas
Reunidas S.A. (TRE.MC) and South Korean companies among others won contracts to
build a $9.6 billion refinery on Saudi Arabia''s Persian Gulf coast, a joint
venture of Saudi Arabian Oil Co. and Total S.A. (TOT) said Thursday. The 13
contracts awarded mark "an important step in the execution of this 400,000
barrel per day world-class, full-conversion refinery in Jubail, which plans to
be fully operational by the second half of 2013," Saudi Aramco Total Refining
and Petrochemical Co., or Satorp, the Aramco/Total joint venture, said in an
emailed statement.
The decision to move ahead with the refinery shows
Total and Aramco''s "determination to bring off such a far-reaching project,
even in a weaker economic environment," Total''s chief executive, Christophe de
Margerie, said. "As a result, we will be able to meet, from 2013, the increasing
demand for high-quality refined products from Asia and the Middle East," de Margerie added. Satorp''s board in late
2008 decided to push back the bid deadline for the project packages to give
companies time to revise their offers amid falling raw material and equipment
prices in a bid to reduce the plant''s overall cost to below $10 billion. "The
target has been achieved, whereby the overall project cost now stands at $9.6
billion," Satorp said. Tecnicas Reunidas and Technip won the contracts to build
distillation and hydrotreating conversion units respectively at the refinery,
Satorp said without specifying the value of the
deals.
Technip was also awarded a separate deal for
interconnecting utilities. Daelim Industrial Co. (000210.SE) won the project''s
sulfur and amine package, while Samsung Engineering Co. (028050.SE) secured the
contract for the aromatics facilities, Satorp said. Contracts were also awarded
to SK Engineering & Construction, a team of Chiyoda Corp. (6366.TO) and
Samsung, and Sumitomo Corp. (8052.TO).
Other packages went to Petro Steel, Dayim Punj Lloyd
Construction Contracting Co. Ltd., Mohammed Rashid Khathlan Est. for
Contracting, Al Osais Contracting Co. and Gulf Consolidated Contractors Co. Ltd.
Once completed, the export refinery -- to be one of the world''s most advanced
-- will process Arabian Heavy crude into products that will meet tight
specifications amid rising demand for environmentally-friendly fuels, Satorp
said. Some the plant''s output will be consumed in the kingdom. -
Edge report on 18 May..abt Juibail refinary project worth up to 1 b...if they bid successfully...i have check up..
aleoleo ( Date: 21-Jun-2009 21:25) Posted:
what i heard is around 20 - 40 mil contract loh
cheongwee ( Date: 21-Jun-2009 01:58) Posted:
| someone just bring to my attn that this one is expect to win a major contract worth 1 b...any one care to say something...to share. |
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what i heard is around 20 - 40 mil contract loh
cheongwee ( Date: 21-Jun-2009 01:58) Posted:
| someone just bring to my attn that this one is expect to win a major contract worth 1 b...any one care to say something...to share. |
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oh.. if alert last week.. can trade for coffee money..
someone just bring to my attn that this one is expect to win a major contract worth 1 b...any one care to say something...to share.
Oil price is up.. Demand for oil at 10 year low.. (I think is liquidity driven). But anyway rotary worth investing still at current price... Wait for some correction... Look like quite ripe...Durian waiting to drop, for people to do picking
Oil rise as dollar eases. Good news for this stock.
