Friday, June 4, 2010

Scomi Engineering (RM1.17) stocks might garner some interests, but news on project awards still crucial

News Report:
Scomi plans to bid for US$10b monorail projects in Brazil, India

I've been waiting for news on secured projects from Scomi Engineering since 2009 but it seems that the only news were on project bids but not even one secured project. Hopefully they'll be awarded some this year which could amount to billions of dollars from Mumbai and Brazil. Scomi was already shortlisted as one of two consortiums for the US$1.7 billion monorail project in Sao Paulo. Its stocks might see some interest on this piece of news but might die down again like what happened last year, unless there is some concrete news on them securing some projects.

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