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1861-1880 of 2165
swiber heavy vol 15million breaking out of bollinger band. TA comments pse, from TA sifus
sell on news :)
tradersgx ( Date: 14-Dec-2009 09:33) Posted:
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FOR IMMEDIATE RELEASE
Contact Information:
Citigate Dewe Rogerson, i.MAGE Pte Ltd
Dolores Phua / April Moh
97508237/9781-3518
SWIBER SECURES TWO LETTER OF AWARDS WORTH UP
TO US$81.9 MILLION FOR OFFSHORE SUPPORT VESSELS
- Three contracts worth up to US$158.9 million secured in over two weeks, boosting
orderbook
Singapore - December 14, 2009 – Swiber Holdings Limited (“Swiber” or together with its
subsidiaries, the “Group”), a world class integrated construction and support services provider
to the offshore oil and gas industry, announced two Letter of Awards (LOAs) from major oil
companies in South East Asia to provide offshore support vessels.
Shortists "beh tahan" wants to sell down, so too "beh tahan the shortists" are the Longists who would like to buy up. Good fight.
94c..top vol.. looking good..
Disregarding those contra profits, I still have some at 95 cents. Have traded this above $2.00 before the crash.
ozone2002 ( Date: 11-Dec-2009 09:09) Posted:
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swiber should be back up above 92 barring good market conditions..
Oil-and-gas companies
DBS VICKERS SECURITIES, Nov 8
INVESTMENT thesis 1: resurgence in order flow. Our key investment thesis for 2010 is for builders to outperform asset owners/operators, due to the resurgence in orders.
The key difference from the bull market in 2004 is that this order flow resurgence will be led by production-related contracts in H1 2010, which are the bottlenecks for oil companies' cash flows after a pause in capex in 2009.
Top picks to benefit from production-related order flow catalysts in H1 2010. We have upgraded Swiber to 'buy', with an upward revised target price of $1.24. The time is now right to buy into this counter in anticipation of the seasonal offshore field development order flow in the December 2009-March 2010 periods. PEC Ltd ('buy', $0.88), with $500 million order pipeline, is expected to see more downstream EPC contracts award in onshore Middle East in H1 2010.
Sembcorp Marine ('buy', $4.26) should also benefit from offshore conversion/newbuild contracts in H1 2010, and from Petrobras' capex in mid-2010.
Investment thesis 2: growth-by-acquisition of offshore assets. We believe that companies that raised equity early in 2009 should benefit as the industry recovers.
They are well positioned to purchase in H1 2010: distressed offshore vessels, and smaller-sized companies with the required skill sets, but weakened financials.
Top picks to benefit from asset acquisition catalysts in H1 2010. We expect asset acquisition news flow to be strong in 2010 for both Ezra Holdings ('buy', $2.77) and Mermaid Maritime ('buy', $1.11), who have made aggressive fund raisings of US$160 million and US$109 million, respectively, in 2009. The acquisition of offshore skills and vessel capabilities would allow both companies to supplement their own organic earnings growth.
Key inflexion points in 2010. They are: W-shaped economic recession that may push oil to less than US$50/bbl; weaker-than-expected margins for new orders due to stiff competition; and slower than expected easing of tight credit.
there's a possibility that it could have been affected by the oil price going down to US$70.
Kepcorp,palm oil counters, oil related counters affected as well
today most stocks have followed STI on a down trend.
likewise swiber has taken a hit on its share price.
Pls advice, what is wrong with Swiber now dipping
ozone2002 ( Date: 09-Dec-2009 22:49) Posted:
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broke out from its immediate resistance today with a close at the top end of the intraday bar.
vol for 2 consecutive days healthy.
further upside towards 94.5 likely.
closed at highest intraday price for 2nd day in a row, doesnt looks like a false breakout this time
$1 tmr here we come!
vested 
believes that more contract announcements might be made
believes that more contract announcements might be made
really?
what do you base on to conclude it will get to 1.5 $ by end of Lunar new year?
I bought this at 0.94 for long time already. already lost confidence to it!
smilingchuan ( Date: 09-Dec-2009 10:39) Posted:
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those analysis reports are basically talking their positions. When they give a "buy" call, probably they are the ones selling and locking in profits.
But indeed Swiber is a gem. A hidden Gem. All stocks have recovered to their highs or near their highs. For Swiber, easily $1.50 by chinese new year.
now 92.. nice..
ozone2002 ( Date: 09-Dec-2009 09:56) Posted:
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u are correct..
immediate resistance is 91.5.. any convincin break above this would propel this stock further..
This share is a laggard, big resistance at 0.935, must get a big contract to breakout. Vested
Heavy buying volume today and had cross $0.935
DBSV buy call today at TP:$1.34 as it is expecting to secure more contract in the coming months.
Do vest and good luck.