Advertisement
Singapore markets close in 7 hours 36 minutes

  • Straits Times Index

    3,252.75
    -40.38 (-1.23%)
     

  • Nikkei

    37,960.23
    -499.85 (-1.30%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     

  • Bitcoin USD

    64,450.09
    -2,256.65 (-3.38%)
     

  • CMC Crypto 200

    1,395.33
    -28.77 (-2.02%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Gold

    2,328.40
    -10.00 (-0.43%)
     

  • Crude Oil

    82.67
    -0.14 (-0.17%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • FTSE Bursa Malaysia

    1,574.42
    +2.94 (+0.19%)
     

  • Jakarta Composite Index

    7,174.53
    -7,110.81 (-49.78%)
     

  • PSE Index

    6,572.75
    +65.95 (+1.01%)
     

Rotary Engineering finalising Investment in Indonesian Storage Terminal

Vincent Chia
Rotary Engineering 3Q continues its earnings momentum

Rotary Engineering Limited announced that it is in the process of finalising an investment in a Bulk Storage Terminal for petroleum products. The terminal is in Indonesia and will serve as a distribution terminal to the rest of the country. The terminal had just secured a long-term contract that would ensure optimal utilization. Rotary Engineering is proposing to invest US$1.15 million for a 10% stake in the Terminal and extend a loan of US$18.2 million to support the operations. The purpose of the investment is for Rotary Engineering to receiving recurring income. It would also allow Rotary Engineering to gain a greater foothold in the Indonesian market through new strategic partnerships.

GET TO THE POINT : It is good to balance lumpy project revenues with regular recurring revenue. This ensures that a company can plot a steady growth path. Better still if this recurring income comes with increased market penetration.

Related Articles:

The post Rotary Engineering finalising Investment in Indonesian Storage Terminal appeared first on Asean Equities Review.