POSCO E&C's KRW 1.5T Thai LNG Deal Win Showcases Design Expertise

POSCO’s PKX unit POSCO E&C has landed a KRW 1.5 trillion contract for the Gulf MTP LNG Terminal project in Thailand, strengthening its foothold in the global LNG sector.The company signed an agreement with Gulf Development in Bangkok to carry out a significant national infrastructure project. The scope includes building two 250,000 LNG storage tanks, unloading facilities and regasification systems capable of processing 8 million tons of LNG annually.The Gulf MTP LNG Terminal, to be built in the Map Ta Phut Industrial Estate around 130 kilometers from Bangkok, represents Thailand’s first LNG terminal developed through a public-private partnership. The project is being jointly led by Gulf Development, a prominent private energy investor in Thailand, and PTT Tank Terminal, a subsidiary of the state-owned energy firm PTT.Since 2002, POSCO E&C has executed more than 20 projects in Thailand, with its strong track record continuing to distinguish the company within the local construction industry.This recent contract is especially noteworthy as POSCO E&C secured it amid intense competition from three major global firms based in Japan, China and Lebanon. The company’s extensive experience in executing LNG terminal projects, both within South Korea (in Gwangyang, Jeju Aewol and Samcheok) and abroad (including previous work in Thailand and Panama), was a key factor in winning the contract.In the past year, shares of PKX have lost 19.8% compared with the industry’s 25% decline.Image Source: Zacks Investment ResearchPKX’s Zacks Rank & Key PicksPKX currently carries a Zacks Rank #3 (Hold).Better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, Agnico Eagle Mines Limited AEM and Avino Silver & Gold Mines Ltd. ASM.Carpenter Technology currently carries a Zacks Rank #2 (Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 11.1%. The company's shares have soared 43.3% in the past year. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for Agnico Eagle’s current-year earnings is pegged at $1.61 per share. AEM, carrying a Zacks Rank #1, surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average earnings surprise of 12.3%. The company's shares have rallied 74.4% in the past year.Avino Silver, which currently carries a Zacks Rank #1, beat the consensus estimate in each of the trailing four quarters. In this time frame, it delivered an earnings surprise of roughly 104.1%, on average. ASM's shares have rallied 330% in the past year. Zacks' Research Chief Picks Stock Most Likely to "At Least Double"Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren’t winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%.See Our Top Stock to Double (Plus 4 Runners Up) >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report POSCO (PKX): Free Stock Analysis Report Carpenter Technology Corporation (CRS): Free Stock Analysis Report Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report Avino Silver (ASM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks