SAC has Sanli at 'buy' on $18.1 mil EPC contract win

SINGAPORE (Feb 22): Sanli Environmental this morning said it has won four new Engineering, Procurement and Construction (EPC) contracts worth a total of $18.1 million, bringing the group’s order book to $121.3 million.

Sim Hock Heng, CEO of Sanli, says, “The recent contract wins have greatly encouraged and motivated the team. The group will continue to tap on the demand for water and waste management solutions and work hard to secure new contracts to grow the business further.”

In a filing before market opening on Thursday, Sanli said the contracts secured are projects from the public sector and involve the replacement and enhancement of high tension electrical equipment, the replacement of aged equipment at high lift station and electrical network upgrading, the replacement of switchgears, switchboards, transformers cables and ancillaries, and the supply and installation of water handling equipment.

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