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Thursday, February 14, 2008

Punj Lloyd advances on order win

Punj Lloyd shares rose sharply on Thursday after the construction firm's unit was awarded $282 million contract to built part of the Marina Bay Sans integrated resort in Singapore.

Punj Lloyd unit wins $282 million Singapore contract

Sembawang Engineers and Constructors, a unit of Punj Lloyd Ltd, said on Thursday it has been awarded a S$400 million ($282 million) contract to build part of the Marina Bay Sands integrated resort in Singapore.

The project, which starts this month and is slated for completion in April 2009, comprises the resort's casino, theatres and retail arcade, Sembawang said in a statement.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jun 26
21:00 4-Week Bill Auction 1 4.00% 4.06%
22:30 7-Year Note Auction 1 4.022% 4.194%
22:45 Fed's Barr speech 2
Friday, Jun 27
03:30 ANZ – Roy Morgan Consumer Confidence 2 98.8 92.9
04:30 Fed's Kashkari speech 2
17:00 Fed's Williams speech 2
18:00 Personal Spending 2 0.1% 0.2%
18:00 Personal Consumption Expenditures - Price Index (MoM) 2 0.1% 0.1%
18:00 Core Personal Consumption Expenditures - Price Index (MoM) 3 0.1% 0.1%
18:00 Personal Income (MoM) 2 0.3% 0.8%
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