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MarketScreener Homepage  >  Equities  >  Xetra  >  Siemens AG    SIE   DE0007236101

SIEMENS AG

(SIE)
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Siemens Gas and Power to Supply Equipment for Malaysian Gas Development

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06/02/2020 | 10:57am EDT

By Giulia Petroni

 

Siemens AG said Tuesday that its gas-and-power unit has been awarded a contract to supply equipment for a gas field development project in offshore Malaysia.

The German engineering group said Siemens Gas and Power GmbH & Co. KG will provide three industrial gas turbine generators, three mechanical-drive gas turbines and three centrifugal compressors for the Kasawari project in the South China Sea, offshore Sarawak.

The customer is the Malaysia Marine & Heavy Engineering Holdings Bhd, which has formed a joint venture with TechnipFMC PLC, according to Siemens. PETRONAS Carigali Sdn Bhd is the end user.

"Once in production, the field will produce up to 900 million cubic feet per day of gas, which will be delivered to the PETRONAS LNG Complex in Bintulu, Sarawak," the company said.

No financial details were disclosed.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. -2.11% 6.5 Delayed Quote.20.73%
JUST GROUP PLC -2.54% 47.66 Delayed Quote.-38.10%
LETS HOLDINGS GROUP CO., LTD. 0.98% 11.33 End-of-day quote.87.58%
LOOK HOLDINGS INCORPORATED 6.14% 726 End-of-day quote.-42.01%
MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS 3.66% 0.425 End-of-day quote.-51.15%
SEA LIMITED -2.73% 114.41 Delayed Quote.192.44%
SIEMENS AG 1.79% 107.94 Delayed Quote.-9.01%
SOUTH CHINA HOLDINGS COMPANY LIMITED 5.19% 0.142 End-of-day quote.-22.83%
TECHNIPFMC PLC 6.04% 7.72 Delayed Quote.-66.04%
THE NEW HOME COMPANY INC. 4.06% 3.33 Delayed Quote.-31.33%
WILL GROUP, INC. 5.03% 668 End-of-day quote.-46.65%
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Financials
Sales 2020 56 472 M 63 864 M 63 864 M
Net income 2020 4 045 M 4 575 M 4 575 M
Net Debt 2020 31 233 M 35 322 M 35 322 M
P/E ratio 2020 22,3x
Yield 2020 3,37%
Capitalization 85 764 M 96 985 M 96 990 M
EV / Sales 2019
EV / Sales 2020 2,07x
Nbr of Employees 385 000
Free-Float 89,6%
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Average target price 114,15 €
Last Close Price 107,94 €
Spread / Highest target 34,3%
Spread / Average Target 5,75%
Spread / Lowest Target -25,9%
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Josef Kaeser President & Chief Executive Officer
Jim Hagemann Snabe Chairman-Supervisory Board
Roland Emil Busch Deputy CEO, COO, CTO & Labour Director
Ralf Peter Thomas Chief Financial Officer
Hanna Hennig Chief Information Officer
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