$Civmec (P9D.SG)$ There may be more upside when it breaks it...
There may be more upside when it breaks its 52-week high of 0.785.
Civmec offers exposure to Aussie mining boom for years to come. On the SGX, there is one Aussie company riding that boom - Civmec. (There used to be another, AusGroup, but the company is under judicial management). This could be an interesting play like the old Golden Energy.
Civmec is a multi-disciplinary heavy engineering and construction company, serving not just the Energy and Resources sectors but also Infrastructure, Marine and Defence.
Its clients include heavyweights Rio Tinto, Glencore and BHP. Projects included constructing Australia's largest lithium hydroxide plant (Kemerton).
UOB KH has a tp of 1.23.
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soyabean89 : Bull sensei whats your comparison view between $Keppel (BN4.SG)$, $Sembcorp Ind (U96.SG)$ and $Civmec (P9D.SG)$? All these sound like have somewhat similar macro activities with heavy industries and infrastructure based
bullrider_21OP soyabean89: I think $Keppel (BN4.SG)$ and $Sembcorp Ind (U96.SG)$ have risen so much during the past year that they may be fairly valued. Civmec is beginning to rise and has more upside.
soyabean89 bullrider_21OP: Ah i see, thank you for the insights
bullrider_21OP soyabean89: You're welcome.