Civmec Could Benefit From New Contracts, Extensions Worth Over A$600M -- Market Talk

Dow Jones

07/24

0546 GMT - Civmec stands to benefit from new contracts and extensions worth over A$600 million, Maybank Research's Eric Ong says. This includes the addition of 'SEA1180' works program following the company's acquisition of Luerssen Australia in July, further strengthening its position in the maritime defence sector, the analyst says in a research report. The construction and engineering services provider has also secured a package of works for Rio Tinto's Cape Lambert Port A facility and for Fortescue's Christmas Creek Green Iron Project. Maybank raises the stock's rating to buy from hold and the target price to S$1.05 from S$0.89. Shares are 5.35% higher at S$0.985. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 24, 2025 01:46 ET (05:46 GMT)

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This includes the addition of 'SEA1180' works program following the company's acquisition of Luerssen Australia in July, further strengthening its position in the maritime defence sector, the analyst says in a research report. The construction and engineering services provider has also secured a package of works for <a href=\"https://laohu8.com/S/RTNTF\">Rio Tinto</a>'s <a href=\"https://laohu8.com/S/CFE.AU\">Cape Lambert</a> Port A facility and for Fortescue's Christmas Creek Green Iron Project. Maybank raises the stock's rating to buy from hold and the target price to S$1.05 from S$0.89. Shares are 5.35% higher at S$0.985. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 24, 2025 01:46 ET (05:46 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Civmec Could Benefit From New Contracts, Extensions Worth Over A$600M -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCivmec Could Benefit From New Contracts, Extensions Worth Over A$600M -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-07-24 13:46</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0546 GMT - <a href=\"https://laohu8.com/S/P9D.SI\">Civmec</a> stands to benefit from new contracts and extensions worth over A$600 million, Maybank Research's Eric Ong says. This includes the addition of 'SEA1180' works program following the company's acquisition of Luerssen Australia in July, further strengthening its position in the maritime defence sector, the analyst says in a research report. The construction and engineering services provider has also secured a package of works for <a href=\"https://laohu8.com/S/RTNTF\">Rio Tinto</a>'s <a href=\"https://laohu8.com/S/CFE.AU\">Cape Lambert</a> Port A facility and for Fortescue's Christmas Creek Green Iron Project. Maybank raises the stock's rating to buy from hold and the target price to S$1.05 from S$0.89. Shares are 5.35% higher at S$0.985. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 24, 2025 01:46 ET (05:46 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CVL.AU","symbol_name":"CIVMEC LTD/CDI","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2553127916","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2553127916","pubTimestamp":1753335960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0546 GMT - Civmec stands to benefit from new contracts and extensions worth over A$600 million, Maybank Research's Eric Ong says. This includes the addition of 'SEA1180' works program following the company's acquisition of Luerssen Australia in July, further strengthening its position in the maritime defence sector, the analyst says in a research report. The construction and engineering services provider has also secured a package of works for Rio Tinto's Cape Lambert Port A facility and for Fortescue's Christmas Creek Green Iron Project. Maybank raises the stock's rating to buy from hold and the target price to S$1.05 from S$0.89. Shares are 5.35% higher at S$0.985. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CVL.AU":"CIVMEC LTD/CDI","BK7055":"建筑与工程","BK6520":"工商业服务概念","P9D.SI":"CIVMEC公司","BK6045":"建筑与工程"},"translate_title":"Civmec可以从价值超过6亿美元的新合同和延期中受益——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"P9D.SI":1,"CVL.AU":0.9},"content_text":"0546 GMT - Civmec stands to benefit from new contracts and extensions worth over A$600 million, Maybank Research's Eric Ong says. This includes the addition of 'SEA1180' works program following the company's acquisition of Luerssen Australia in July, further strengthening its position in the maritime defence sector, the analyst says in a research report. The construction and engineering services provider has also secured a package of works for Rio Tinto's Cape Lambert Port A facility and for Fortescue's Christmas Creek Green Iron Project. Maybank raises the stock's rating to buy from hold and the target price to S$1.05 from S$0.89. Shares are 5.35% higher at S$0.985. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 24, 2025 01:46 ET (05:46 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}