Key Developments: Samsung Engineering Co Ltd (028050.KS)
77,700.00KRW
19 Jun 2013
₩-2,300.00 (-2.88%)
₩81,400.00
₩80,000.00
₩80,000.00
₩76,800.00
482,647
450,983
₩213,000.00
₩76,800.00
Latest Key Developments (Source: Significant Developments)
Technip, in Consortium with Samsung Engineering Co Ltd and China Huanqiu Contracting & Engineering Corporation, Awarded Contract for LNG Project in Canada
Technip, leader of a consortium with Samsung Engineering Co Ltd and China Huanqiu Contracting & Engineering Corporation, announced that it was awarded by Pacific NorthWest LNG Limited Partnership a contract for the front end engineering design and the early detailed engineering services of a grassroot liquefied natural gas (LNG) project. This project is proposed to be located on Lelu Island, British Columbia, Canada. The project will include: two six-million tons per year LNG trains, process units and marine facilities; inlet facilities, utilities and power generation; and off-sites including buildings and jetty topside facilities. This contract is part of a multiple design competition scheme. Technip`s operating center in Rome, Italy will execute the contract together with the consortium project team in Seoul, Korea and Beijing, China. Technip will be in charge of the LNG trains, the process units and marine facilities. The project is scheduled for completion in the second semester of 2014. Full Article
Arabtec Holding PJSC Signs Memorandum of Understanding with Samsung Engineering Co Ltd for New Joint Venture Company
Arabtec Holding PJSC (Arabtec) announced that it has signed a Memorandum of Understanding (MoU) with Samsung Engineering Co Ltd fora new joint venture company ('JV Company'). The new JV Company will exclusively undertake projects in oil & gas, power and infrastructure in the Middle East and North Africa (MENA). The JV Company will be called Arabtec-Samsung Engineering, and will be incorporated and headquartered in Abu Dhabi. Arabtec will be a 60% shareholder in the new company with Samsung Engineering Co Ltd holding the remaining 40% interest. Full Article
Samsung Engineering Co Ltd Issues FY 2013 Revenue Outlook Below Analysts' Estimates
Samsung Engineering Co Ltd announced that it expects the revenue for the fiscal year 2013 to record KRW 11,600 billion. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenue of KRW 11,710.18 billion for the fiscal year 2013. Full Article
Samsung Engineering Co Ltd Signs Contract with State Oil Company of Azerbaijan Republic (SOCAR)
Samsung Engineering Co Ltd announced that it has signed a contract with State Oil Company of Azerbaijan Republic (SOCAR) to provide construction service for SOCAR Ammonia and Urea complex project. The contract amount is KRW 709,970,942,588. Full Article
Samsung Engineering Co Ltd Announces Changes in Shareholding Structure
Samsung Engineering Co Ltd announced that JF Asset Management Limited and eight related parties have acquired 2,020,701 shares of the Company, representing a 5.05% stake. Full Article
Samsung Engineering Co Ltd Signs Contract with Gazprom Neft Badra B.V.
Samsung Engineering Co Ltd announced that it has signed a contract with Gazprom Neft Badra B.V.to provide to provide construction service for Badra CPF Phase 2 Project. The contract amount is KRW 957,743,919,000. Full Article
Samsung Engineering Co Ltd Issues FY 2013 Revenue Outlook Below Analysts' Estimates
Samsung Engineering Co Ltd announced that it expects its fiscal year 2013 revenue to record KRW 11.6 trillion. According to According to I/B/E/S, analysts on average are expecting the Company to report revenue of 12,070.79 billion. Full Article
Samsung Engineering Co Ltd Declares Annual Cash Dividend for FY 2012
Samsung Engineering Co., Ltd. announced that it has declared an annual cash dividend of KRW 3,000 per share of common stock to shareholders of record on December 31, 2012 for the fiscal year 2012. The dividend rate of market price is 1.7% and the total amount of the cash dividend is KRW 110,883,186,000. Full Article
Samsung Engineering Co Ltd Signs Contract with Saline Water Conversion Corporation
Samsung Engineering Co Ltd announced that it has signed a contract with Saline Water Conversion Corporation to provide construction service for Yanbu power and desalination plant phase 3. The contract amount is KRW 1,615,693,275,000. Full Article
Samsung Engineering Co Ltd And Shanghai Electric Group Co Ltd Win $3 Billion Saudi Water Plant Deal-Reuters
Reuters reported that Samsung Engineering Co Ltd And Shanghai Electric Group Co Ltd have won an 11.3 billion riyal ($3 billion) deal to build a water desalination plant on the Red Sea coast of Saudi Arabia. Saudi's state-owned Saline Water Conversion Corp awarded the contract to the South Korean and Chinese companies respectively as well as to Saudi Al Toukhi Co for Industry, Trading and Contracting, to build the fuel oil-fired plant, known as Yanbu III. Full Article
UPDATE 1-Dubai's Arabtec in joint venture with Samsung Engineering
* Co to bid for regional contracts worth $3-$10 bln (Adds details, background)
Earnings vs. 
Estimates
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