Scrutinize the business - not the stock price. Its just gets better and better
Market move ahead of news announcement. This ensures steady increasing profits till 2010 and fat dividends too :)
PAN-UNITED MARINE LIMITED
Press ReleaseClinches Singapore’s first ultra-large AHTSvessel shipbuilding contract
1st Singapore yard to build 30,000bhp AHTS vessels
S$98m contract lifts orderbook above S$570m
In line with focus on higher value-added projectsSingapore,
3 May 2007 – Pan-United Marine Limited (“PUM” or the “Group”) todayannounced it has won two shipbuilding contracts, worth a total of S$98 million, to buildtwo UT788 CD anchor handling, towing, and supply (AHTS) vessels from repeat client,Lewek Shipping Pte Ltd, a subsidiary of Mainboard-listed Ezra Holdings Limited (“Ezra”),a fully integrated support services provider operating a wide spectrum of vessels for theoffshore oil & gas industry.The two 30,000bhp AHTS vessels will be built in PUM’s Singapore yard for delivery inend 2009.
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