Mainly a short term play, put a cleat stop at 0.985
Ezra (5DN.SG) will be in focus after the company said its EMAS AMC offshore construction division was awarded a contract by Chevron Thailand. The project will see EMAS AMC installing a number of wellhead platforms and associated pipelines in the Gulf of Thailand and is expected to commence early 2012 for a three-year firm period with an option for two more years. "Including the options, this project is estimated to increase the order book for EMAS AMC to over US$600 million from more than US$300 million as at July 14 2011.
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