Post Reply
4681-4700 of 5364
The resistance broken liao-Keep in yr cpf easily $2 in the long run
s100125 ( Date: 08-Apr-2011 09:22) Posted:
|
bro bishan..
this 1.32-1.33 resistance is very strong.
this will be the 3rd time stx testing it.. trade with care
bishan22 ( Date: 08-Apr-2011 09:09) Posted:
Still holding tight on this baby. Up 0.03 despite STI down. Good luck.  |
|
Still holding tight on this baby. Up 0.03 despite STI down. Good luck.
There might be a slight pull back.....but I seriously think those have sold and are looking to buy back is likely to buy at higher price.........
3 cents dividend quite high seems good for long term any comment.
this is monday's news..
anyway, i guess it's about time for it to correct
resistance's getting stronger today
upnowhere ( Date: 06-Apr-2011 14:35) Posted:
|
STX OSV: Positive development for second Brazil shipyard (BUY)
Jason Saw (6232 3871, jason.saw@dmgaps.com.sg)
Secured environmental license in Brazil Re-iterate BUY.
of the year for a newbuild platform supply vessel (PSV) to an undisclosed customer and we
estimate that the three PSV orders are worth ~NOK0.9b. Additionally, the company also
announced that it has been granted the environmental license for a planned development of a
second shipyard in Brazil. This major milestone enables STX OSV to strengthen its market
leadership in Brazil and is a big step to make the NOK3b Transpetro orders effective. We
maintain our EPS estimates and at S$1.75 based on 12x FY11 P/E. STX OSV bagged its third contract
NOK3b Transpetro orders could be made effective soon.
construction of its second shipyard in Brazil in 2Q11 and the yard will be fully operational in
2013. In Jul 2010, STX OSV signed a contract to build eight LPG carriers for Transpetro but the
contract will only be effective upon (1) the approval of the environmental license and (2)
financing approval from Brazil’s Merchant Marine Fund (FMM). With the environmental license in
place, we expect the NOK3b Transpetro order to be made effective soon. The first LPG carrier is
scheduled for delivery in 2014 and the eighth to be delivered in 2016. STX OSV will proceed with the
NOK18b (US$3.3b) outstanding order book (excluding Transpetro orders).
newbuild order will be based on STX OSV’s own PSV 09 design and is scheduled for delivery in
2012 from its yard in Norway. We estimate the three orders YTD are worth NOK0.9b and STX
OSV has an outstanding order book of NOK18b. 1Q11 order wins were lower than 3Q10 (11
vessels NOK4.2b) and 4Q10 (six vessels NOK2.8b) but note that order wins can be lumpy and
we expect stronger order wins in the remaining three quarters of 2011. In our model, we have
assumed NOK12b (US$2.2b) new order wins in 2011. The latest
Valuation: Maintain TP at S$1.75.
catalysts are: (1) positive newsflow on new orders (2) execution improvement and (3)
successful start-up of its second shipyard in Brazil. We maintain TP based on 12x FY11 P/E. Key re-rating |
|
STX OSV: Positive development for second Brazil shipyard (BUY)
Jason Saw (6232 3871, jason.saw@dmgaps.com.sg)
Secured environmental license in Brazil Re-iterate BUY.
of the year for a newbuild platform supply vessel (PSV) to an undisclosed customer and we
estimate that the three PSV orders are worth ~NOK0.9b. Additionally, the company also
announced that it has been granted the environmental license for a planned development of a
second shipyard in Brazil. This major milestone enables STX OSV to strengthen its market
leadership in Brazil and is a big step to make the NOK3b Transpetro orders effective. We
maintain our EPS estimates and at S$1.75 based on 12x FY11 P/E.
STX OSV bagged its third contract
NOK3b Transpetro orders could be made effective soon.
construction of its second shipyard in Brazil in 2Q11 and the yard will be fully operational in
2013. In Jul 2010, STX OSV signed a contract to build eight LPG carriers for Transpetro but the
contract will only be effective upon (1) the approval of the environmental license and (2)
financing approval from Brazil’s Merchant Marine Fund (FMM). With the environmental license in
place, we expect the NOK3b Transpetro order to be made effective soon. The first LPG carrier is
scheduled for delivery in 2014 and the eighth to be delivered in 2016.
STX OSV will proceed with the
NOK18b (US$3.3b) outstanding order book (excluding Transpetro orders).
newbuild order will be based on STX OSV’s own PSV 09 design and is scheduled for delivery in
2012 from its yard in Norway. We estimate the three orders YTD are worth NOK0.9b and STX
OSV has an outstanding order book of NOK18b. 1Q11 order wins were lower than 3Q10 (11
vessels NOK4.2b) and 4Q10 (six vessels NOK2.8b) but note that order wins can be lumpy and
we expect stronger order wins in the remaining three quarters of 2011. In our model, we have
assumed NOK12b (US$2.2b) new order wins in 2011.
The latest
Valuation: Maintain TP at S$1.75.
catalysts are: (1) positive newsflow on new orders (2) execution improvement and (3)
successful start-up of its second shipyard in Brazil.
We maintain TP based on 12x FY11 P/E. Key re-rating
smart move!
bishan22 ( Date: 06-Apr-2011 09:46) Posted:
| Today, profit taking. Wait for retracement before entry. Good luck. |
|
If you calculate their profit for the first 9 mths + the 4th Qtr any then divided by total no.of shares. At lease the pay out should be 6 - 8 cents. This is not even half.
lesliesiaky ( Date: 06-Apr-2011 09:50) Posted:
This is somewhat expected, the proposal is to attribute the entire Q4 earings of $0.06 for dividends, but pro-rated from the time the stock is listed (Nov 12), hence approx $0.03.
New123 ( Date: 05-Apr-2011 20:48) Posted:
| How come half of what is estimated to be paid out ? Dividend of 3 cents not very attractive - only 2.3%... May see it prices goes down .. |
|
|
|
Is always good to take profit. Will pick up again if it drops back to $1.18 - $1.20.
jamesng ( Date: 06-Apr-2011 00:21) Posted:
| New123, why you sell so fast??? |
|
3cents is quite a disapointment to me....[/quote]
OK for the long haul...besides we getting the $30 tax exempt by this may...the capital gain for the long term is worth it,It's the few counters despite all the crisis-Koren Tension,Libya Crisis,Japan Quakes,etc that never went below ipo..in fact lates aslo never went below $1.00...in stead of wild fluctuations...let it climb up slowly better..not to worry cum dividend or just before ex date will push up again
lesliesiaky ( Date: 06-Apr-2011 09:50) Posted:
This is somewhat expected, the proposal is to attribute the entire Q4 earings of $0.06 for dividends, but pro-rated from the time the stock is listed (Nov 12), hence approx $0.03.
New123 ( Date: 05-Apr-2011 20:48) Posted:
| How come half of what is estimated to be paid out ? Dividend of 3 cents not very attractive - only 2.3%... May see it prices goes down .. |
|
|
|
This is somewhat expected, the proposal is to attribute the entire Q4 earings of $0.06 for dividends, but pro-rated from the time the stock is listed (Nov 12), hence approx $0.03.
New123 ( Date: 05-Apr-2011 20:48) Posted:
How come half of what is estimated to be paid out ? Dividend of 3 cents not very attractive - only 2.3%... May see it prices goes down ...
jcho1962 ( Date: 05-Apr-2011 20:05) Posted:
| A one-tier tax-exempt final dividend of 3.0 Singapore cents per ordinary share. |
|
|
|
Today, profit taking. Wait for retracement before entry. Good luck.
New123, why you sell so fast???
very lau yah.... like dat pec better or innotek even... cheh~!
How come half of what is estimated to be paid out ? Dividend of 3 cents not very attractive - only 2.3%... May see it prices goes down ...
jcho1962 ( Date: 05-Apr-2011 20:05) Posted:
| A one-tier tax-exempt final dividend of 3.0 Singapore cents per ordinary share. |
|
A one-tier tax-exempt final dividend of 3.0 Singapore cents per ordinary share.
Ya, they are waiting for shareholders to vote for approval before further announcement.
rotijai ( Date: 04-Apr-2011 14:04) Posted:
might consolidate a bit before going up..
still waiting for dividend annoucement
hpong5 ( Date: 04-Apr-2011 13:53) Posted:
| Best is to stay sideline at the moment. |
|
|
|
might consolidate a bit before going up..
still waiting for dividend annoucement
hpong5 ( Date: 04-Apr-2011 13:53) Posted:
| Best is to stay sideline at the moment. |
|
