SQ Surges 3.7% to Bt2.78 after Acquiring ฿4.5Bn Contract from “Hongsa Power”

The share price of Sahakol Equipment Public Company Limited (SQ) rose ฿0.10/share or 3.73% to ฿2.78/share as of 10:15 local time in Thailand on June 21, 2021, with a trading value of 23.1 million baht.

 

The surge came after the company received a Letter of Award from Hongsa Power Company Limited (HPC) to Build, Lease and Transfer (BLT) with a privilege to perform O&M Services for the Waste Line 2 Conveyor Expansion Project that the amount of a services fee approximately 4,587 million baht for a total of two contracts.

 

Contract 1: Build, Lease and Transfer (BLT) project, to construct the conveyor system, the amount of a service fee approximately 2,245 million baht, work period in 13 years.

Contract 2: O&M Services for the Waste Line 2 Conveyor Expansion project, scope of works are the operation and maintenance services of the conveyor system (from the Contract I), the amount of a services fee approximately 2,342 million Thai Baht, work period in 7 years (January 2027 – December 2033).