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hm..?
New123 ( Date: 12-Mar-2011 20:07) Posted:
| Oil rigs require offshore support vessels for a variety of reasons – tugs to move rigs or heavy equipment/machinery, as a supplies vessel, anchor handling. Some offshore support vessels are even equipped with special equipment with fire fighting capabilities. • STX OSV builds Anchor Handling Tugs Supply (AHTS) vessels and Platform Supply Vessels (PSVs). AHTS vessels are multi function vessels, which can handle anchors for rigs, move or tug the rigs to their destinations as well as transport supplies/equipment. Platform Supply Vessels on the other hand can be considered as the transport trucks of the sea. Their main function is to transport supplies, machinery and equipment. • In our view, STX OSV could be a potential beneficiary from increasing oil rigs orders in recent times. • The stock is currently trading at 8.8x CY12 P/E, slightly above offshore support vessels peer historical 5-year forward average valuations. However, in view of its scale and strong order book outstanding (estimated S$4.2bn for FY2010), we argue that STX OSV should be trading at a premium to its peers, and should be trading closer to the valuation multiples of rigbuilders. We have an Outperform recommendation with TP of S$1.60, based on 11x CY12 P/E. (quote from Cimb) |
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What is the usual PE for ship builder?
Stxosv is about 4.7 x PE and I think should be able to achieve a PE of 6.5 x which is $1.43.
rotijai ( Date: 19-Mar-2011 13:54) Posted:
actually the PE isnt low depends on which industry u compare stx to..
it's between shipbuilder and rigbuilder..
if u compare with shipbuilder, its PE isnt really low
New123 ( Date: 19-Mar-2011 12:57) Posted:
They are in different industry. Cannot compare. I would prefer stxosv as its PE is low and a book order of 4.2b.
Has anybody attended the 'Value Investing Foundation Workshop’? Can share. |
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actually the PE isnt low depends on which industry u compare stx to..
it's between shipbuilder and rigbuilder..
if u compare with shipbuilder, its PE isnt really low
New123 ( Date: 19-Mar-2011 12:57) Posted:
They are in different industry. Cannot compare. I would prefer stxosv as its PE is low and a book order of 4.2b.
Has anybody attended the 'Value Investing Foundation Workshop’? Can share. |
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They are in different industry. Cannot compare. I would prefer stxosv as its PE is low and a book order of 4.2b.
Has anybody attended the 'Value Investing Foundation Workshop’? Can share.
just curious.. i took a look at osim and stx's earnings..
stx's profit is like a few times more than osim..
and the price is so much lower as compared to osim..
this shows how uncertain the market can be.. :/
Libya announced it was ceasing military operations ..
A piece of good news..
Monday all counters are going up...
Respect the markets, don disregard on how mkt players play.
| STXOSV |
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1.080 |
1.060 |
-0.020c |
-1.9% |
vol-3,553,000 |
100,000 |
1.060 |
1.070 |
215,000 |
use different technique- dont try to predict its movements than maybe it will move in the way we hope for...just hold ?
Many are chicken hearted. Make peanut oso run liao. Those with bigger heart must wait for your turn.
STXosv on profit taking, it hit hi 1.09c aft half hr of trade, will hav to pump more ammo to test 1.10.
| STXOSV |
|
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1.080 |
1.070 |
-0.010c |
-0.9% |
vol-346,000 |
41,000 |
1.070 |
1.080 |
119,000 |
teeth53 ( Date: 17-Mar-2011 16:55) Posted:
| 5min more to go profit taking....+0.040c as foe now. |
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You may be right. My queue at 1.04 was not filled.
Bought Cosco, SGX and G-Leisure. Let's see if these are gd choices ...
New123 ( Date: 17-Mar-2011 16:16) Posted:
Is Going up to test $1.10 soon....
bishan22 ( Date: 17-Mar-2011 15:26) Posted:
Unbeliveable. Against all odds. Can show green when others are red. Good luck.  |
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Europe shares rebounces strongly and Dow Zone will be going up as the jobless claims dropped.
Tmr may see this counter rises above $1.10 - $1.13...
risktaker ( Date: 17-Mar-2011 20:06) Posted:
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should break 1.10
5min more to go profit taking....+0.040c as foe now.
10 minutes to grab before close. Ming tien have to pay 1.10 liao.
Good Buy Up with Good Volume, but still too early to determine if this is a true reversal.
New123 ( Date: 17-Mar-2011 16:16) Posted:
Is Going up to test $1.10 soon....
bishan22 ( Date: 17-Mar-2011 15:26) Posted:
| Unbeliveable. Against all odds. Can show green when others are red. Good luck. |
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Is Going up to test $1.10 soon.... bishan22 ( Date: 17-Mar-2011 15:26) Posted:
Unbeliveable. Against all odds. Can show green when others are red. Good luck.
New123 ( Date: 17-Mar-2011 15:23) Posted:
| The buying interest for this counter is back. BB just clear 400 lots at $1.06. Is going back to $1.10 - $1.12 level soon.. |
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Unbeliveable. Against all odds. Can show green when others are red. Good luck.
New123 ( Date: 17-Mar-2011 15:23) Posted:
| The buying interest for this counter is back. BB just clear 400 lots at $1.06. Is going back to $1.10 - $1.12 level soon.. |
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The buying interest for this counter is back. BB just clear 400 lots at $1.06. Is going back to $1.10 - $1.12 level soon..
Someone just bought 506 lots at $1.05. Looking good for ppl to see its value. It is trading at 4.7 times PE and a hugh order books of 4.2B. Dividends of about 6 - 8 cents is coming in April.. Good luck to those who has vested...
bishan22 ( Date: 17-Mar-2011 11:49) Posted:
| Ya. This counter can withstand the aftershock. Hv added more today. Good luck. |
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