
accumulation @ 1.04..
get ready for triumph push up bra..
i think this baby will cheong to the recent intra day high of $1.11. swiber did not close higher than $1.08 since 24 sep.
if it can test $1.11 and close at 1.08 or higher. i believe $1.20 is coming...
vested.... cheers
1,054 lots MAKANED!!! now 1.06 chiong ah!!!!!!!!!!!!!!!!!!!!!!
Time | Last | Vol | Buy/Sell |
15:07:29 | 1.060 | 5 | S |
15:06:42 | 1.060 | 1 | S |
15:06:36 | 1.050 | 1,054 | S |
ozone2002 ( Date: 01-Nov-2010 10:08) Posted:
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SP: Swiber bids lowest for ONGC's B-193 contract
Swiber Holdings (SWIB SP) BUY
Price: S$1.02/Target: S$1.45 Analyst: Nancy Wei/Stella Tan Tel: (65) 6590-6628/6629 Mkt Cap: US$406.7b Daily Vol: US$4.8m 1-Yr Hi/Lo: S$1.16/0.91
Corporate Event
According to Upstream, Swiber is the lowest bidder for the design and engineering, procurement, installation, and construction contract for offshore pipelines for the B-193 cluster field development by India's OCNG. Swiber has bidded the lowest at US$124.86m, which is lower than National Petroleum Construction Company (NPCC)'s US$125.0m, Valentine Maritime's US$129.2m and Punj Lloyd's US$131.3m.
Our Take
Swiber is already handling three jobs (Swiber's share estimated at US$273m) for ONGC and management expects the Indian national oil company to typically award US$2-3b worth of contracts p.a. Swiber is also vying for significant contracts in the ASEAN countries and the Middle East (our recent company visit report is attached). We estimate Swiber's current orderbook at about US$800m. Key share price catalysts are a sequential quarterly earnings ramp-up and large contract wins. We attribute Swiber’s lacklustre share price in 2010 to its unexciting quarterly performance thus far. We expect the group's earnings to start mirroring its large orderbook from 4Q10 onwards with a meaningful impact from the three Indian contracts. We maintain our earnings forecasts and target price of S$1.45.
1.03 opening today..
now 1.05!!! go go go gogo gogo gogo gogo gogo gogo go
ozone2002 ( Date: 31-Oct-2010 21:26) Posted:
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0.975 5s confirmed next week.
Bepatient, if the year end contract is awarded as usual for swiber, then possible upside of 20%
Otherwise, if no contract, its fate would be like Mermaid. lau side
yes lookin @ entry ard 1.01
oversold..
gd luck!
On Friday, Swiber re-tests its support at $1.01 and closed at $1.02 with LOW volume of 2.22 million shares traded.
A candle sticks with LONG upper/lower shadow indicates the hesitant of the investors as bull and bear fight it out.
RSI & MACD are flat bullish as RSI continue to trend sideway.
Important Resistance of Swiber: $1.07
Immediate Support of Swiber: $1.01
Currently prices are resisted by technical /20/50/100/200 days MA at $1.07
Current prices are supported by the technical support at $1.01 and the rising trend line.
Thus we expected the current support of $1.01 to be very strong and there are no signs of bears trying to overthrow this counter yet.
SEE ANALYSIS FOR GENTING HK
We would suggest buying at support level if interested in the fundamental of the company.
sianz..i re-entry at 1.04...go in too fast...till now still no new contract announce
Saw my post below ;)
That was on Oct 2. Is time for me to write on Swiber again. That time when i wrote, it was on uptrend. This time, it will be a good re-entry time again but remember the support price won't be at 1.00 anymore. I foresee that it will go down below 1.00 for you to get at a good entry price. That will be after looking at the chart again when the price is at below 1.00.
If want to get a good bet of re-entry price without waiting for the next week's data, the price will be 0.96 - 0.975.
Star-Trader

On Friday, Swiber re-tests its support at $1.02 and closed at $1.07 with regular volume of 7.78 million shares traded.
A LONG white candle sticks with no upper/lower shadow indicates the strength of the investors pushing the stocks up.
RSI & MACD are turning bullish as MACD about to perform a “golden cross”.
Important Resistance of Swiber: $1.07
Immediate Support of Swiber: $1.02
Currently prices are supported by the technical /50/100 days MA at $1.02.
Although prices went up on Friday but it is important to note that the buying up volume is just normal and prices remain below the resistance of $1.07.
As shown on the charts, Swiber remains bullish forming a “higher high” and “higher low” since 4 Jun.
Thus if readers are interested in the fundamental of this stock, we would suggest watching the support at $1.02 and $0.985 respectively and see if prices can consolidate there before entry.
SEE ANALYSIS FOR SINGTEL
Support at $0.985 is expected to be VERY STRONG.
If you check the peak bottom on 31/08 with 30/09, the peak-bottom formation has been done, entering at above 1.00 dollar is still safe bet, but of course got to constantly check out the price to load off to reap profit. As thumb of the rules, check the highest peak during the mini-ewave and calculate based on that.. :)
And, Star-Trader's rule on "loading off" is...... if you are not comfortable to load off all, always load off half of it , depends on your holding, which it can be 1/3 , 1/2 or 3/4.. :) Hope you know what i meant.
And Swiber, I did make an analysis in August when it was bottomed out below 1.00 at the previous post below, also made a call to 'release it' during the high of above 1.10... Yesterday's data feed will be good indicator if it can move further upward..Will check.
Thanks,
Star-Trader
the "inside news"came out .. i sold..
swiber fell! haha..got any more inside news?..ahhaha
ozone2002 ( Date: 21-Sep-2010 22:30) Posted:
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WILL HIT 975 TO CLOSE THE GAP AGAIN
i think it will hardly hit 1.03. If this is so...then it will be downtrend instead of uptend. There's another very strong support level at $1.06 before reaching the next support $1.03 which u mention.
Bollinger bend, MA and MACD indicate a positive trend currently...
FearValueGreed ( Date: 24-Sep-2010 00:32) Posted:
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buy at 1.03 if you can, no hurry , it will fall first before marching up.
4Q is always a good bet for Swiber as it has most orders in this season, ma jiam like durian season.
base on TA, there should be further upside...it's overbought base on bollinger band. for the last 2 days therefore there's a deep fall yesterday
Support level 1.08
sell and exit.
Johnstein ( Date: 23-Sep-2010 13:24) Posted:
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Swiber has stopped moving? And how come yesterday dropped a lot...?