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is this counter's business scope related to ausgroup too?
We shell wait and see. Only these vest with patient will see the return profit.
Good luck
Will CH Offshore get a slice of the Gorgon pie? Wait long long? 
Gorgon Project Overview - Producing Liquefied Natural Gas in Australia
http://www.youtube.com/watch?v=151bPmYGGzg&feature=PlayList&p=2A6108CEEED81919&index=0&playnext=1
tankuku ( Date: 25-Sep-2009 19:53) Posted:
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Bussiness Time
Published September 18, 2009 
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Offshore sector counters come into play
By VINCENT WEE
THE announcement that the massive Gorgon gas project off western Australia has received regulatory approval gives a chance for investors in Singapore to turn their attention to other offshore sector players here besides the two big local rigbuilders.
This project is the world's biggest new liquefied natural gas development and Chevron and its partners in the field, ExxonMobil and Royal Dutch Shell, are investing US$37 billion in developing it.
Malaysian oil and gas (O&G) counters have already run up earlier this week in the wake of the news as have some of the Singapore players in the sector. But there are fewer pure offshore services and construction plays on the Singapore Exchange (SGX), compared to Malaysia which tends to have more specialised companies.
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DMG and Partners yesterday said that local company that is making inroads is marine logistics and support services provider were poised to benefit from an improving offshore and marine climate.
One possible beneficiaries of the project include component makers and suppliers such as CH Offshore and Technics Oil and Gas. Offshore logistics provider CH Offshore hit a year-high of 69.5 cents on Wednesday after jumping 12 per cent the previous day on an upgrade by DBS which initiated coverage of what it called a 'deeply undervalued' stock with a 'buy' rating and a 12-month price estimate of 89 cents.
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tankuku, you are everywhere in the forum, can share what counter are you holding now?
tankuku ( Date: 25-Sep-2009 19:53) Posted:
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Bussiness Time
Published September 18, 2009
|
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Offshore sector counters come into play
By VINCENT WEE
THE announcement that the massive Gorgon gas project off western Australia has received regulatory approval gives a chance for investors in Singapore to turn their attention to other offshore sector players here besides the two big local rigbuilders.
This project is the world's biggest new liquefied natural gas development and Chevron and its partners in the field, ExxonMobil and Royal Dutch Shell, are investing US$37 billion in developing it.
Malaysian oil and gas (O&G) counters have already run up earlier this week in the wake of the news as have some of the Singapore players in the sector. But there are fewer pure offshore services and construction plays on the Singapore Exchange (SGX), compared to Malaysia which tends to have more specialised companies.
|
DMG and Partners yesterday said that local company that is making inroads is marine logistics and support services provider were poised to benefit from an improving offshore and marine climate.
One possible beneficiaries of the project include component makers and suppliers such as CH Offshore and Technics Oil and Gas. Offshore logistics provider CH Offshore hit a year-high of 69.5 cents on Wednesday after jumping 12 per cent the previous day on an upgrade by DBS which initiated coverage of what it called a 'deeply undervalued' stock with a 'buy' rating and a 12-month price estimate of 89 cents.
|
|
|
Bussiness Time
Published September 18, 2009
|
|
Offshore sector counters come into play
By VINCENT WEE
THE announcement that the massive Gorgon gas project off western Australia has received regulatory approval gives a chance for investors in Singapore to turn their attention to other offshore sector players here besides the two big local rigbuilders.
This project is the world's biggest new liquefied natural gas development and Chevron and its partners in the field, ExxonMobil and Royal Dutch Shell, are investing US$37 billion in developing it.
Malaysian oil and gas (O&G) counters have already run up earlier this week in the wake of the news as have some of the Singapore players in the sector. But there are fewer pure offshore services and construction plays on the Singapore Exchange (SGX), compared to Malaysia which tends to have more specialised companies.
|
DMG and Partners yesterday said that local company that is making inroads is marine logistics and support services provider were poised to benefit from an improving offshore and marine climate.
One possible beneficiaries of the project include component makers and suppliers such as
CH Offshore and Technics Oil and Gas. Offshore logistics provider CH Offshore hit a year-high of 69.5 cents on Wednesday after jumping 12 per cent the previous day on an upgrade by DBS which initiated coverage of what it called a 'deeply undervalued' stock with a 'buy' rating and a 12-month price estimate of
89 cents.
It may benefit from the Australia gordon project.
CH OFFSHORE LTD (CHO) is a dynamic offshore service provider that provides a wide range of services to the offshore oil and gas industry.
To cater for the exploration and production of oil and gas in both shallow and deep waters, CHO has a fleet of Anchor-handling Tug/Supply (AHTS) vessels with Bollard Pull ranging from 50 Tonnes to 150 Tonnes.
Our latest acquisitions are the Japan-Design-and-Built Dynamic Positioning AHTS vessels rated at 12,240 brake horsepower. These state-of-the-art vessels are well poised to work in remote and deeper water depths worldwide.
CHO embraces the Health, Safety and Environmental Management System (HSE MS); which is modelled after the OGP (International Association of Oil and Gas Producers) guidelines adopted by many oil majors in the world. This HSE MS forms the bedrock to our safety management system and act as a guiding beacon to the safe operation and management of our fleet of vessels.
Should be announcing the divident payment date soon.
Final divident should be SGS 1.5c
Undervalue gem: - Worth taking a look b4 BB take their position.
Cheer.
Ilhavo, Portugal – 18/09/2009 – SADIF Investment Analytics, announces a new summary due diligence report covering CH Offshore Limited (C13). The report uses SADIF's powerful StockMarks™ stock rating system and contains important analysis for any current or potential CH Offshore Limited investor.
Report Summary: CH Offshore Limited is a high quality company with a neutral outlook. CH Offshore Limited has strong business growth and is run by efficient management. When compared to its closest peer, Singapore Shipping Corporation Limited, CH Offshore Limited shows similar undervaluation and is more likely to outperform the market.
Strong buying interest, heading towards TP $0.89:
CH Offshore at 15-month high as DBS says ‘undervalued’, ‘buy’
Tags:
Ch Offshore |
Dbs Group Holdings
| Written by Bloomberg |
| Tuesday, 15 September 2009 13:39 |
Shares of CH Offshore, climbed to the highest level in 15 months after DBS Group Holdings recommended investors “buy” the stock, saying the offshore logistics provider is “deeply undervalued.”
The stock jumped 14% to 65 cents as of the midday trading break in Singapore, set for its highest close since June 27, 2008.
CH Offshore is trading at a 50% discount to its peers, DBS analyst Jeremy Thia wrote in a note today. “An undervalued CH Offshore may be an attractive merger and acquisition target.”
DBS initiated coverage of the stock with a “buy” rating and a 12-month share-price estimate of 89 cents.
CH Offshore
September 15, 2009 · Posted in
News
- Future dividend payouts to rise as free cash flow is estimated to increase to 8.5 US cents per share in FY11.
- Sustained undervaluation vs. listed peers could trigger M&A interest.
- 58% upside to our target price of S$0.89, at 9x blended FY10/11 PE (FYE June).
- Initiate coverage on CH Offshore with a BUY.
- AHTS fleet with deepwater focus. CH Offshore (CHO) owns and operates eight small AHTS (<8,000 bhp) and five large AHTS (>12,000 bhp) as of end FY09 (FYE June). CHO will increase its fleet of large AHTS to seven by end FY10.
Strong free cash flows amidst steady earnings growth.
We project CHO’s free cash flow per share to rise to 8.5 US cents in FY11 (or equivalent to c.22% of current share price), vs. 2.5 US cents in FY09 and an estimated 1.1 US cents in FY10. This is due to: 1) Non-existence of committed capex after FY10, and 2) our forecast of 7% net profit CAGR in the FY10-11 forecast periods.
6.5% current FY10 dividend yield.
We expect CHO to have 40% dividend payout, vs. recurring net profits, in the FY10-11 forecast periods. The 22% dividend payout in FY09 amidst uncertain economic condition is an anomaly.
Sustained undervaluation could trigger M&A interest.
CHO now trades at 6x recurring FY10 PE (FYE June), vs. 9x average PE for the small-mid cap offshore service providers in our coverage. CHO is also not seen as a core holding for Chuan Hup, its second largest shareholder. Hence, in our opinion, an undervalued CHO may be an attractive M&A target for global AHTS owners, including John Fredriksen’s Deep Sea Supply (which has close to a 5% stake in CHO).
Initiate coverage with BUY.
Our fair value for CHO is S$0.89, based on 9x blended recurring FY10/11 PE (FYE June). This gives around 58% potential upside from current price. We initiate coverage on CHO with a BUY rating.
Strong buying interest up +0.04 . DBSV coverage buy TP $0.89
This one due vested to BBs interest in under value stocks (offshore service providers something like PEC)
DBS Group Research . Equity 15 September 2009
CH Offshore:
Deeply undervalued cash cow
· Future dividend payouts to rise as free cash flow is estimated to increase to 8.5 US cents per share in FY11.
· Sustained undervaluation vs. listed peers could trigger M&A interest.
· 58% upside to our target price of S$0.89, at 9x blended FY10/11 PE (FYE June).
· Initiate coverage on CH Offshore with a BUY.
Sustained undervaluation could trigger M&A interest. CHO now trades at 6x recurring FY10 PE (FYE June), vs. 9x average
PE for the small-mid cap offshore service providers in our coverage. CHO is also not seen as a core holding for Chuan
Hup, its second largest shareholder. Hence, in our opinion, an undervalued CHO may be an attractive M&A target for global
AHTS owners, including John Fredriksen’s Deep Sea Supply (which has close to a 5% stake in CHO).
Initiate coverage with BUY. Our fair value for CHO is S$0.89, based on 9x blended recurring FY10/11 PE (FYE June).
This gives around 58% potential upside from current price. We initiate coverage on CHO with a BUY rating.
No lehh, still...Closed up 18/09/2009 at,
| CH Offshore |
-- |
-- |
0.680 |
0.685 |
+0.005 |
+0.7 |
5,375,000 |
271,000 |
0.680 |
0.685 |
168,000 |
0.690 |
0.670 |
TSC |
SGD |
SGX |
C13 |
C13_R |
R |
oh ....... this fellow running up quite alot these few days, today kena shot down le ........
not only this stock, C2O & Ramba also down today .....
by the way, C2O just announce placement share:
PLACEMENT OF UP TO 128,000,000 NEW ORDINARY SHARES IN THE SHARE CAPITAL OF C2O HOLDINGS LIMITED – ISSUE AND ALLOTMENT OF PLACEMENT SHARES
Check it out in SGX
ronleech ( Date: 16-Sep-2009 19:33) Posted:
| Heard it might be a take over target by some big company....donno true bo... |
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Heard it might be a take over target by some big company....donno true bo...
i'm vested. co financials look good. yes i agree the share price is undervalued. at least 80ct.
aleoleo ( Date: 15-Sep-2009 13:23) Posted:
DBS vickers give a Undervalue stock comment to this fellow, TP is 0.89.
notice that the recent analysts report form DBS is very powerful, whatever they mention will move, this include Ezion for today as well .....
more room to go for CH ..... huat arrr ...... |
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DBS vickers give a Undervalue stock comment to this fellow, TP is 0.89.
notice that the recent analysts report form DBS is very powerful, whatever they mention will move, this include Ezion for today as well .....
more room to go for CH ..... huat arrr ......
Why went up by 8 c(14.2%) this morning ?
