XMH Holdings

[sykn]

Thanks for the tip off. I also read this in the announcements. Must say that the amount is not fantastic, although XMH is breaking new ground in Vietnam. Coupled with the fine and my gut feeling of discomfort over this counter, I am also not vested at this point in time.

This is a good news of the company...

(not vested)

XMH announced that it has won contracts worth USD3.6m,
achieving a double breakthrough in the process. The first contract is for more
than 24 units of Mitsubishi marine engines, with the company expecting another
10 units to be secured in the next two months. The significance of this contract is
in the geography - this is the first time that XMH has successfully made sales into
the Vietnamese market, which will reduce its reliance on its traditional Indonesian
market. The second contract is for a low-speed Akasaka main engine for use in a
Pertamina tanker. This is XMH's first successful sale of a low-speed main engine.
The successful breakthrough of XMH into a new geographical market and a new
product segment is positive for future sales. We currently have a BUY
recommendation on the stock with a SGD0.41 TP. (Lee Yue Jer)

Ref: http://remisiers.org/cms_images/research...atters.pdf