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See Hup Seng registered high volume and strong close today.
Is this a signal to break above 52 weeks high of $0.53?
How about recent high of $0.515? Let's check the volume and understand how to use price observation to see strength of a breakout.
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See Hup Seng is one of the region's leading corrosion prevention service providers for Marine, Onshore & are one of the region's leading corrosion prevention service providers for Marine, Onshore & Offshore, Petrochemical & Chemical, Infrastructure & Civil Construction and Power Generation Industries Offshore. Petrochemical & Chemical, Infrastructure & Civil Construction and Power
New Projects:-
C-504 Changi Airport Station Project - Mezzanine Pedestrian Bridge, Atrium & Spine Beam
Singapore Polytechnic MRT Station Contract 1217 Project - Structural Steelworks
Oil Tanking Expansion Phase 5 and Chem. 1&2 Project - Raw Materials at Shop for Jurong Island Seraya
Painting Refurbishment of Construction Machinery For Ritchie Brothers
Modular Strutting Materials for Yongnam
Blue Water Buoy for BT Engineering
Johor Port Project at Tanjong Langsat for Antara Koh
Sembawang Shipyard Stock Plates - Blanket Order
Raw Materials - Shop Job For Asia Enterprise
Pacific Internet Exchange Center Project for Yongnam
HMTV & LMTV Chassis Structure Project for Wong Fong Engrg
West Navion Project in Cairo/ Egypt
Hull 6135 Project in Pan- United Shipyard
Hopper Barge Project for MTS Marine Tech
Algeria Overseas Project for Hai Leck Engrg
Aviation Fuel Hydrant System Project for Hong Kong
Plate Stock Project for Pan- United Shipyard
Shell Seraya 2 Project - Sheet Piles for Hai Leck Engrg
MRT Track Rails - Reblasting & Repainting work
JGC/PCO project for PEC
Contract 125972 - SIPM Roof Repair - Shell Brunei
Pulau Seraya Power - Air Intake System Project
China Square Parcel 'F' project for Yongnam
Generation Industries
C-504 Changi Airport Station Project - Mezzanine Pedestrian Bridge, Atrium & Spine Beam
Singapore Polytechnic MRT Station Contract 1217 Project - Structural Steelworks
Oil Tanking Expansion Phase 5 and Chem. 1&2 Project - Raw Materials at Shop for Jurong Island Seraya
Painting Refurbishment of Construction Machinery For Ritchie Brothers
Modular Strutting Materials for Yongnam
Blue Water Buoy for BT Engineering
Johor Port Project at Tanjong Langsat for Antara Koh
Sembawang Shipyard Stock Plates - Blanket Order
Raw Materials - Shop Job For Asia Enterprise
Pacific Internet Exchange Center Project for Yongnam
HMTV & LMTV Chassis Structure Project for Wong Fong Engrg
West Navion Project in Cairo/ Egypt
Hull 6135 Project in Pan- United Shipyard
Hopper Barge Project for MTS Marine Tech
Algeria Overseas Project for Hai Leck Engrg
Aviation Fuel Hydrant System Project for Hong Kong
Plate Stock Project for Pan- United Shipyard
Shell Seraya 2 Project - Sheet Piles for Hai Leck Engrg
MRT Track Rails - Reblasting & Repainting work
JGC/PCO project for PEC
Contract 125972 - SIPM Roof Repair - Shell Brunei
Pulau Seraya Power - Air Intake System Project
China Square Parcel 'F' project for Yongnam
Generation Industries
wow .... the great singapore sales is here....
Time to shop for cheap stock...
Rebounded on talks that the company was meeting investors on 26/1.
Looks to be on uptrend... but the inconsistent volumes are a turn off from TA perspective
It will issue 28 mln new shares at $0.255 each, to raise about $6.97 mln in net proceeds for working capital needs. The share price represents a 9.3% discount from the weighted average share price of $0.2812 for trades done on November 24, the company said.
See Hup Seng said Merrill Lynch has a 5.67% in the new share placement, which amounts to about 9.33% of its enlarged share capital.
"The company will use the proceeds of the placement to fund the working capital needs for the company's increased tank coating, blasting and painting projects; investment in new plant and equipment as well as any subsequent investments which the board of directors may approve," See Hup Seng said.
See Hup Seng will resume trading tomorrow.
Inconsistent volumes... TA people should avoid
SeeHS up to 0.235 with volumn today. Anyone knows the reason. Can jump in tomolo ?
Hi Nostradamus
SeeHS is currently lower than the placement of $01.85. Any suggestion whether is it a good buy now ?
As expected, after going up a little to $0.19, it fell to $0.17. Avoid.
SHS is buying Speedo Corrosion Control for $3.5m. $1.85m will be funded by issuing 10m new SHS shares at $0.185. The balance will be paid by cash in instalments.
Speedo Corrosion specialises in the business of contractors for and consultants of corrosion control services principally for the marine and offshore industries.
SHS said that Speedo Corrosion will contribute significantly to its business after acquisition.
Perhaps SHS shares were ramped up so that it can issue shares at $0.185. May be a case of "buy on rumour, sell on news". I don't see how this news can be so positive. By the way, this company lost $1.56m in FY05.
Sorry for causing the confusion.
I was refering to SeeHS. Anyway, I have off loaded all.
The company placed out 18.8m shares at $0.11 with an option to subscribe for a further 18.8m shares with an option excercise price of $0.12.
Be careful. Price surge could be just before the placement of shares.
A bit confusing on the postings. I think the counter is See Hup Seng (SHS) and not SSH Corp.
SSH is moving !
my vote is keep out. the risk maybe higher than the possible gain. not a wise trade
Hi Nostradamus,
May I know where did u gather this infor ? It is not on sgx web site.
However, looking at the MACD chart, SHS still have potential to go higher. Short term -buy
Your comments ?
SSH won a $11.7m contract to supply steel plates for an offshore gas platform owned by Conoco-Phillips in Indonesia's gas-rich Natuna region. SSH chairman Kris Wiluan who has substantial stakes in KS Energy and KS's subsidairy Aqua-Terra, has not ruled out a merger of the 3 companies. If this happens, SSH stands to benefit the most. Indonesia spends around US$5-US$8 b on services and equipment for oil & gas fields annually.
sell.
Any idea what is pushing SHS higher ?
