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Almost back to $1.15 level when most of the Securities companies recommended a TP of 1.50 - $1.60.Don't know is it a good time to enter???
Sama sama, vested some at 1.25. Not sure to get more but may have to wait till China stablise.
I soldoff quite high $1.32-1.34 and bought back some at 1.24 and now wait lower at 1.15 to buy more
Bad news not by STXOSV, but by Keppel Fels about rig and drillship, is all about not taking any chances.
There is news about Keppel Fels unit not getting contract, Keppel Offshore and Marine's Subsidiary.
Keppel Fels Brazil terminates by mutual consent US$152m contract to uprgade drillship.
teeth53 thot - Players may not understand STXOSV 1st and 2nd yard are mean to serve Petrobras and Brazil oil industry (not building Rig, it is construction of highly specification supportship for oil industry). even if players know or knew, there is risk to be weighting in and about taking chances.
If not this maybe work of BBs selling down and buying up again. I'm bluff by those selling down. In the morning trading, there is none, this maybe d triggering points and players may has lost it confident.
Profit taking,
however there's this info BBs (
B-sold & A-bot up)
changed hands at $1.20c
| STXOSV |
CPF |
-- |
1.260 |
1.190 |
-0.050 |
-4.0 |
21,707,000 |
1,092,000 |
1.180 |
1.190 |
241,000 |
Buy/Sell or Hold, pls do own analysis (homework). Ur $$$, ur choice and, this is all a personal decision
i oso dun know. i guess perhaps goldman sach poor earning in usa so take some profit off this chart. can try to buy at 1.14 -1.18. 50% bet 50% luck. long time no analyse price chart liao.
can some master shed some light to the situation today??
On fri 19 Jan it was traded to a high of $1.29 and subsequently push up to $1.34 before profit taking and due to due date for settlement share was bashed to a low of $1.23,but now holding well today at $1.24 as those who bought $1.30-$1.34 may have to settle by today 24 Jan,sp shd expect stxosv to resume its upward momentum
Now at 1.23. No good.
fruitty ( Date: 24-Jan-2011 09:01) Posted:
bishan, i chickened out at 1.26. Good luck to you! |
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bishan, i chickened out at 1.26. Good luck to you!
For more info and related news,
http://www.motorship.com/news101/stx-osv-to-double-brazil-output
Plans for the new yard were driven by Brazil’s local content requirements and the advantages of being in the country. Brazil is the fastest growing offshore market in the world and the government has instructed Petrobras to use domestic suppliers to help boost the nation’s industrial development. Petrobras plans to spend $224 billion in the five years through 2014 to boost output and refining capacity, including buying drill-ships, semi-submersibles and offshore support vessels. The Rio de Janeiro-based company said it will revise its investment plan in 2011 to include new oil reserves it bought from the government as part of its share sale.
The new yard will only build vessels for the Brazilian market and there will be enough demand to support the company’s two yards in the country according to a company spokesman. STX OSV expects to maintain its almost 50% share of the specialized high-end segment of the offshore support vessel market in Brazil, Reite said. These ships include platform supply vessels that are bigger than 4,500 dwt and anchor-handling tugs that have more than 20,000 brake horsepower engines.
| Written by Dow Jones & Co, Inc |
| Wednesday, 12 January 2011 16:18 |
http://www.theedgesingapore.com/the-daily-edge/business/24879-offshore-view-solid-even-if-pbr-drops-package-goldman-sachs-.html
Goldman Sachs, citing an article Tuesday in offshore & marine industry journal Upstream, says Petrobras (PBR) may cancel the two rig package within its giant tender, due to higher-than-expected prices, in which Keppel (BN4.SG) is widely considered a frontrunner.
GS says the news “may appear slightly negative for Keppel, but this does not impact our estimates as we have not factored in any PBR-related order wins for Keppel.”
Instead, the houses sees this as positive for the O&M sector, “as PBR could move to contract existing rigs to fulfill its drilling needs. This would drive rig utilization up, which could potentially stimulate non-PBR newbuild orders.”
It adds, positive feedback from U.S. drillers further supports its view that a deepwater recovery is going to happen soon. GS expects the market to look past the slightly negative PBR news for Keppel, rated Buy, and focus on the industry’s strong underlying fundamentals.
Important note: The house’s top O&M pick is $TX O$V (MS7.SG), rated Buy
....
teeth53 ( Date: 23-Jan-2011 14:32) Posted:
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With 6 days left trading period windows for Jan 2011, Big bargaing players will turn on Mon/Tues, there after, is happy CNY--Rabbit year.
$TXO$V..., Feb 15 morning B4 trading start, is the 4th quarter 2010 result announcement.
Expecting a towering movement by BBs on expecting, a re-rating may highly positioning those BBs.
Gracing into crystal ball..humm late Jan 2011
teeth53 ( Date: 21-Jan-2011 21:40) Posted:
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Posted 3-01-11: Look like it'll be range bound along for 1 to 2 mths, given it initial short push in early Jan and on late Jan 2011, dragging black curving line further till supply overcomes demand in 2nd Q, 2011. (thk to sgtrader posted chart)
Just my personal opinion (view), the blue line remain intact, testing new high above STI 3,350 in 2nd Q.
__________________________________________________________________________________
Chart is mean for reference oni. STI float below 3,200. http://sg.finance.yahoo.com/q?s=^STI
A chance for players to pick up, pending one risk & comfort.
How true shall be, gracing into crystal ball..humm late Jan 2011 ?. (Feb 1st, think may just test STI - 3,250)
$TXO$V Prospect - Px TP remain for short to mid term, as prospective as ever, re-rating may happen after result, a matter of 8 ships is yet to be book into book acct for consolidation, and also awaiting for news on new order, especially from Petrobras.
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With 6 days left trading period windows for Jan 2011, Big bargaing players will turn on Mon/Tues, there after, is happy CNY--Rabbit year.
$TXO$V..., Feb 15 morning B4 trading start, is the 4th quarter 2010 result announcement.
Expecting a towering movement by BBs on expecting, a re-rating may highly positioning those BBs.
Gracing into crystal ball..humm late Jan 2011
teeth53 ( Date: 21-Jan-2011 21:40) Posted:
| |
Posted 3-01-11: Look like it'll be range bound along for 1 to 2 mths, given it initial short push in early Jan and on late Jan 2011, dragging black curving line further till supply overcomes demand in 2nd Q, 2011. (thk to sgtrader posted chart)
Just my personal opinion (view), the blue line remain intact, testing new high above STI 3,350 in 2nd Q.
__________________________________________________________________________________
Chart is mean for reference oni. STI float below 3,200. http://sg.finance.yahoo.com/q?s=^STI
A chance for players to pick up, pending one risk & comfort.
How true shall be, gracing into crystal ball..humm late Jan 2011 ?. (Feb 1st, think may just test STI - 3,250)
$TXO$V Prospect - Px TP remain for short to mid term, as prospective as ever, re-rating may happen after result, a matter of 8 ships is yet to be book into book acct for consolidation, and also awaiting for news on new order, especially from Petrobras.
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that might be correct but any news about contracts especially from Brazil will trigger another run up........same for Keppel Corp...
Friday fall is an good opportunity to buy as it drops about more than 4%.....Monday will be a good day because of Dow and Europe rise last friday
have taken profit for 12c/share; think there is a sign of killing since yest... exit b4 it goes to 100c. Gd luck.
Right on fruitty, hope our entry price is correct. Do observe exit price if things dont work out. The horse ride may be choppy. Wonder whether my friend Crystal has got his saddle on this horse. Good luck.
fruitty ( Date: 21-Jan-2011 17:10) Posted:
| bishan, joined you @ 1.24. Bought from Citigroup |
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Posted 3-01-11: Look like it'll be range bound along for 1 to 2 mths, given it initial short push in early Jan and on late Jan 2011, dragging black curving line further till supply overcomes demand in 2nd Q, 2011. (thk to sgtrader posted chart)
Just my personal opinion (view), the blue line remain intact, testing new high above STI 3,350 in 2nd Q.
__________________________________________________________________________________
Chart is mean for reference oni. STI float below 3,200. http://sg.finance.yahoo.com/q?s=^STI
A chance for players to pick up, pending one risk & comfort.
How true shall be, gracing into crystal ball..humm late Jan 2011 ?. (Feb 1st, think may just test STI - 3,250)
$TXO$V Prospect - Px TP remain for short to mid term, as prospective as ever, re-rating may happen after result, a matter of 8 ships is yet to be book into book acct for consolidation, and also awaiting for news on new order, especially from Petrobras.
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| Nikkei 225 |
-118.94 |
10,438.16 |
 |
| |
Hang Seng |
-185.01 |
24,234.61 |
|
http://sg.finance.yahoo.com/news/Asian-stocks-slide-as-policy-rb-582414742.html?x=0 (for more info - pls click)
On Friday 21 January 2011, 11:04 SGT By Saikat Chatterjee
HONG KONG (Reuters) - Asian stocks slipped and commodities paused on Friday after a recent selloff on worries that rising inflation may invite aggressive policy tightening and hurt growth in the world's engines like China and India.
Investors have been reluctant to add positions in emerging markets so far this year, even rotating funds out of high inflation risk economies such as Indonesia and into developed markets such as Japan, on concerns that policy inertia may place authorities behind the curve in fighting price pressures.
The MSCI index of Asia and Pacific shares excluding Japan (
^MIAPJ0000PUS -
News) extended its drop to 0.5 percent, after falling more than 1.8 percent on Wednesday, weighed down by selling in sectors such as materials (
^MIAPJMT00PUS -
News) which in turn have buckled due to a selloff in commodities this week.
"The market's pretty skittish when it comes to the risk of policy tightening," said Pengana Capital portfolio manager Tim Schroeders. "I think there's some sector rotation out of those better performing materials and energy stocks back into financials."
Commodities took a breather after a sharp selloff this week, though sentiment remained fragile, on concerns that tighter policy may cool growth and sap demand from resource-hungry Asia.
Other related :
Japan stocks seen stable next week
Asian markets mixed as China rebounds from slump
Yesterday (1st day) STI down 1.1%, today (2nd) - still down, esp include commodities, marine & offshore services (Semb corp/Semb Marine, Kep corp, YZJ) and property and bank closed mix.
STXOSV
|
CPF |
-- |
1.300 |
1.240 |
-0.060 |
-4.6 |
16,132,000 |
573,000 |
1.240 |
1.250 |
383,000 |
Today STXOSV trade summary - profit taking to $1.26c & turn support at $1.25c. px settle @$1.24c
http://sg.finance.yahoo.com/q/bc?s=MS7.SI&t=1d (
MS7.SI - see chart, is only good for today)
bishan, joined you @ 1.24. Bought from Citigroup
