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178investors ( Date: 25-May-2010 14:16) Posted:
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"Big Wok" Shitber, wokingup a valuetrap meal.
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i bought also.. 50K..hopefully what i did is right...up to $1 again...
FA swiber is very good...
ozone2002 ( Date: 25-May-2010 13:45) Posted:
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i bought more cos it's oversold..
anticipating a move up..
96.5 is support level
rickyw ( Date: 25-May-2010 10:42) Posted:
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ozone2002 ( Date: 25-May-2010 10:18) Posted:
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178investors ( Date: 24-May-2010 20:19) Posted:
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From CIMB:
Secured consortium contract worth US$618m
Maintain Outperform and target price of S$1.65,
year historical average). Swiber and its consortium have received a letter of award
from ONGC, India worth US$618m. The work would comprise the design,
engineering, procurement, fabrication, transportation, installation and commissioning
of major platforms. We estimate Swiber’s portion (transportation and installation) at
20-30% of the contract value, or US$125m. The consortium project should be
completed by 2Q12. This win falls within our expectation of US$500m new wins for
FY10, bringing YTD orders to US$447m. We estimate an order book of US$964m for
Swiber currently. Our earnings estimates are unchanged. We see stock catalysts from
more order wins, especially from India and the successful delivery of new vessels and
proper execution.
still based on 12x CY11 P/E (3-The news
Consortium wins with Sime Darby.
have secured their third EPCIC contract worth US$618m from ONGC in 2010.
According to Indian Oil and Gas, the consortium has emerged as the lowest bidder for
a B-193 process platform, competing against close contender, India’s Larsen &
Toubro with a bid of US$709m.
Swiber and its consortium partner, Sime Darby,Comments
Order book reaches US$964m; more to come?
18% for this project, as Swiber’s scope entails the transportation and installation of
platforms. Swiber has won about US$447m projects YTD, mainly from ONGC. This
latest win brings its order book to a record high of US$964m, in our estimation. We
believe the momentum could continue and its order book could exceed US$1bn as the
group still has one more bid for ONGC’s B-193 (subsea pipelines) project worth about
Valuation and recommendation Maintain Outperform and target price of S$1.65
year historical average). Expected orders have materialised, yielding earnings
visibility. We believe the stock is undervalued against a strong 3-year CAGR of 45%
and order book of close to US$1bn. Stock catalysts could include further
announcements of order wins and the successful delivery of vessels and execution of
US$100m.
projects, in our opinion.
broke 1.02 resistance...chiong ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
DYODD...
CHIONG AH~~~~!!!!
$1.01
freaking big contract win $618 million..
buy on weakness on good fundamentals...
the investors of tis counter so low in confident of tt co?
price dropping fro 2.1. haiz... ppl too panicky
iPunter ( Date: 19-May-2010 16:42) Posted:
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