- Civmec (SGX:P9D) has clinched a major contract worth >AUD330m (represents more than 1/3 of our order win assumption) for the Rio Tinto Western Range Project at Rio’s Paraburdoo site in the Pilbara region of Western Australia. This lifts Civmec’s order book above AUD1.15b, and will provide clear revenue visibility for at least the next 12 months.
Testament to long-standing relationship with Rio
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- To tie into the existing plant, the brownfield scope includes extensive modification to the current Paraburdoo COS and downstream conveying system.
Project scheduled for completion in 1H FY25
- Civmec will complete a vertical package of work that will utilise most of its in-house capabilities.
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://maybanktrade.com.sg/.
Eric Ong Maybank Research | https://www.maybank-ke.com.sg/ 2023-01-10
Read also Maybank's most recent report:
2024-02-14 Civmec - Delivering The Goods; 1H24 Net Profit Beat.Previous report by Maybank:
2023-10-31 Civmec - Firmly On Course; 1Q24 Net Profit On Track.Price targets by other brokers at Civmec Target Prices.
Listing of research reports at Civmec Analyst Reports.
Relevant links:
Civmec Share Price History,
Civmec Announcements,
Civmec Dividends & Corporate Actions,
Civmec News Articles
