Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Wednesday, January 26, 2011

Muhibbah, JV partner land PetGas RM1.07b job

KUALA LUMPUR: MUHIBBAH ENGINEERING (M) BHD [] and its consortium partner Perunding Ranhill Worley Sdn Bhd have secured a RM1.07 billion contract from PETRONAS GAS BHD [] under the LNG Regasification Project.

Muhibbah said on Wednesday, Jan 26 that the contract was for the engineering, procurement, CONSTRUCTION [], installation and commissioning (EPCIC) alliance for the LNG Regasification Unit, Island Berth and Subsea Pipeline of the LNG Regasification Project.

Under the contract, the consortium will undertake the construction of the LNG Regasification Unit, Island Berth and Subsea Pipeline within the vicinity of the Sungai Udang Port in Melaka.

Muhibbah said the construction works will commence in April 2011 and were expected to be completed at the end of July 2012.

“The contract is expected to contribute positively to the earnings and net assets of Muhibbah Group for the current and future financial years,” it said.

Taken from here

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