Tuesday, April 3, 2012

Tee International: Initiated long position at 22.5c.

Tee International is a mechanical and electrical engineering company and sometime real estate developer. As its engineering business accounts for more than 90% of its revenue, it seems like another logical beneficiary of the increase in expenditure on public building projects in the region.

As of 12 March 2012, the company has an order book of S$350.7m for its engineering segment alone. See: