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swiber performed because of kreuz. but the group itself is soso only.
I think it's wise to book some profits..
http://stockmarketmindgames.blogspot.sg/2013/05/swiber-booking-profits.html
tq
pcscorpio ( Date: 07-May-2013 15:49) Posted:
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i saw it too
longterminvestor ( Date: 07-May-2013 15:46) Posted:
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the first move up $0.61...bullish swing
| STILL BIDDING FOR PROJECTS -Update on B-127 field project -Still upbeat on potential pipeline -Monitoring margins and cash flows According to Upstream, Punj Lloyd is poised to win a US$131.45m contract from India’s state-owned ONGC to lay subsea pipelines and execute topside modification work for the B-127 field development in India. We understand that Swiber was the highest bidder for the project with a 13.3% difference from Punj Lloyd’s price quote. Meanwhile, Swiber is still bidding for other work management has been upbeat regarding its potential pipeline. Despite the positive industry outlook, we would continue to monitor operating margins and cash flows of the group. Meanwhile, the stock price has fallen by about 1.6% YTD vs the STI’s 6.9% rise. Though there is currently a more than 10% upside for the stock, we prefer to maintain our HOLD rating and fair value estimate of S$0.70 on Swiber, pending its 1Q13 results announcement next week. |
record high revenue and net profit.......?? still stucks at 60cents...kreuz fly to record sky ...??
CHEERS!!!
SWIBER ACHIEVES RECORD-HIGH REVENUE AND
NET PROFIT SINCE LISTING
- Net profit surges 48.3% to US$62.5 million on robust revenue
- Strong revenue growth of 45.5% to US$952.2 million driven by Latin America and
Southeast Asia region
- Secures sizeable contracts, bringing order book to approximately
US$1.35 billion