Swiber worries over lack of new order wins

Orderbook stood at only USD1.1b.

According to Maybank Kim Eng, Swiber has not announced any new contract wins since Feb 2013. YTD order win stands at USD153m with outstanding orderbook at USD1.1b. Maybank's expectation is for USD1.2b in new contract wins this year. 

Here's more:

Contract wins can be lumpy and there is still time to play catch up, but this will be the focus for us to watch for from now. Our earnings forecast are at risk if contract wins falls short of our expectations.

Swiber maintains that tendering is healthy and is bidding for close to USD2b worth of contracts, which includes 3 relatively large-sized contracts that could come to fruition this year. 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!