Friday, January 21, 2011

PEC - PEC downgraded to 'hold' by Phillip Securities

Stock Name: PEC
Company Name: PEC LTD.
Research House: Phillip Securities

Phillip Securities Research in a Jan 20 research report says: "PEC announced that they had been awarded a $78 million EPC contract to provide pipe rack and utilities piping reticulation system for Tuas Power Utilities (TPU). With the contract win, we estimate that PEC's current order book should be worth approximately $245 million.


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