- Civmec (SGX:P9D) has secured a major contract worth over A$330m for the Rio Tinto Western Range Project in Western Australia. The iron ore project will commence off-site works immediately, while mobilisation to site will start in mid-23 and is expected to complete in 1HFY25. The latest orderbook has increased 23% to A$1.15b, from A$935m as of 1QFY23.
- - Read this at SGinvestors.io -
Civmec announced contract win of more than A$330m from Rio Tinto.
- On 9 Jan 23, Civmec announced that it has won a major contract worth more than A$330m for the Rio Tinto Western Range Project at its Paraburdoo site in the Pilbara region of Western Australia.
- - Read this at SGinvestors.io -
Wide ranging greenfield and brownfield scopes.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
John Cheong UOB Kay Hian Research | https://research.uobkayhian.com/ 2023-01-12
Read also UOB's most recent report:
2024-02-15 Civmec - 1HFY24 Positive Dividend Surprise & Robust Net Cash Position.
Previous report by UOB:
2023-11-08 Civmec - 1QFY24 Results In Line; Strong Pipeline & Opportunities Ahead.
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
