Shares & Derivatives
Sapphire’s order books hit record high (15 Jul 16)
By Ernest Lim's investing blog  •  July 16, 2016
Sapphire’s order book hit a record high with RMB873m of worth of infrastructure contracts won on 14 Jul 2016. It seems to be evolving into a serious infrastructure play. However, it is still an under researched, under noticed stock judging from the lack of liquidity and zero analyst coverage.   Noteworthy points on the contracts won

On 14 Jul 2016, Sapphire announced that it has clinched RMB873m worth of infrastructure contracts through its engineering, procurement and construction subsidiary, Ranken Infrastructure Limited. There are some noteworthy points in this announcement.

a) RMB 300m Jian Cao Ping flyover & RMB 313m to construct part of the Urumqi Rail Transit are won, due in part to their existing contracts. This is a sound testament to Ranken’s capability and track record;

b) With these significant contract wins, Sapphire’s order book increased from RMB2.0b (according to 1QFY16 press release) to RMB2.75b (as of ...

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By Ernest Lim's investing blog
I am an avid investor, trader cum remisier. I am a Chartered Financial Analyst® charterholder, as well as, a Chartered Accountant of Singapore. I have published articles on a wide range of topics on finance and investment, ranging from market / sector outlook, technical analysis and fundamental analysis etc.
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