SAAG RR Infrastructure(CMP: 60):The company was established in 1995 with the primary objective of property development. SAAG CONSOLIDATED (M) BHD (SAAG) is a key player in the oil and gas sector in Malaysia and the region for over 20 years, since its inception in 1982. As a company principally providing investment holding and management services, SAAG through its group of companies and strategic partnerships, is involved in upstream and downstream activities in the oil and gas industry.
The company has recently bagged a huge order of 288crs from ONGC for its charter hire of offshore modular work over rig 'SAAG Pacific' and for charter hire of offshore modular workover rig 'SAAG Saffron' to be executed over the next 3years. The company reported a revenue of about 65crs in all over fiscal 07.These order alone covers the sales by more than 4 times and gives a robust revenue visibility going forward.
At current rate of Rs 60 it is very good bye, It is going to rock in coming days.
Wednesday, August 13, 2008
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