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Singapore Big Loser for the Week: Rotary Engineering Limited

Rotary Engineering Limited   (SGX: R07) has dropped by 7.5% since last Friday’s close to end Thursday at S$0.555. With Singapore’s broader market, as represented by the Straits Times Index (SGX: ^STI), gaining 2.1% during the same period, Rotary Engineering has certainly been a big loser in the market this week.

Started some 40 years ago, the firm is an oil and gas infrastructure services outfit that can carry out integrated engineering design, procurement, and construction services to the oil and gas, petroleum, petrochemical, and pharmaceutical industries.

On 19 January 2015, Rotary announced that it had brought on board Ms Leong Sook Han as its Chief Financial Officer (CFO). Her job scope would be to take care of the “full spectrum of finance and accounting, treasury operations, financial and strategic planning, risk and credit management, corporate taxation and internal audit”. She has over 20 years of working experience with various multi-national companies.

Rotary Engineering’s CFO-post was vacated on 30 November 2014 after =Mr Choo Peng Leong Phillip tendered his resignation to “pursue another career opportunity”.

For the nine months ended 30 September 2014, the firm saw a 36% year-on-year increase in revenue to S$562 million while net profit surged by 146% to S$38.3 million.

Rotary is currently trading at 7 times its historical earnings and offers a dividend yield of 2.7%.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.