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Nov 20, 2015 - Stocks with Momentum. CSC Holdings

CSC Holdings seems to have drawn increased investor interest this week. With the higher trading volume on Nov 19, shares in the foundation and geotechnical engineering specialist rose 3%. The company was also previously flagged as a Stock With Momentum on Nov 17. Year to date, shares in the company are down 38%.

For 2QFY2016 ended Sept, the company recorded a 98.9% y-o-y plunge in earnings to $33,000. Its operations in Thailand saw a decline in demand, which led to significantly lower business volumes. revenue also fell 9.1% y-o-y to $93.7 million because of delayed revenue recognition as new projects secured during the quarter have yet to commence...........................................
CSC continues to post losses, but prices continue to climb. CSC enjoying some spillover of interest from Tat Hong?
This is an interesting one.


Notwithstanding the confidential nature of the settlement agreement, how can the term remain confidential if money is involved? Surely if CSC is required to compensate CSBP, then surely eventually it will have to be reflected in the statement of accounts eventually rt?

How does public listed company deals with such confidential settlement agreement?
CSC Secures Contracts Worth in Excess of $140 Million
* $70 Million Contracts Secured in August
* Order Book boosted to $180 Million

CSC Holdings Limited and its subsidiaries announced that foundation contracts secured valued in excess of $70 Million in August 2019. With these latest contracts, the total value of contracts secured by CSC since the start of its financial year on 1 April 2019 has exceeded $140 Million. As at 5 September 2019, CSC’s order book stands at approximately $180 Million with the bulk of orders to be delivered within the next 6 months.

The major contracts secured in August 2019 include foundation contracts for
- Exxon Mobil’s multi-billion-dollar expansion of its integrated manufacturing complex on Jurong Island;
- Singapore Institute of Technology Campus at Punggol North; and
- North South Corridor Tunnels (Contract N110).

These contracts are expected to contribute positively to CSC’s full-year results for financial year ending 31 March 2020.