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Any body pls tell me. why stx is ramping up. still can buy pls.
starlene ( Date: 18-Jan-2012 15:46) Posted:
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SINGAPORE (Dow Jones)--Sembcorp Marine Ltd. (S51.SG) said Wednesday that it isn't currently making a bid for a stake in STX OSV Holdings Ltd. (MS7.SG), the Singapore-listed unit of South Korea's STX Group. " Sembcorp Marine evaluates investment opportunities from time to time and will make the necessary announcements when appropriate," the Singapore-based company said in a filing to Singapore Exchange, in response to media reports that it may be considering a bid. STX Group, South Korea's shipping-to-shipbuilding conglomerate, said on Tuesday that it is inviting 18 domestic and foreign companies to consider acquiring a controlling stake in STX OSV. It didn't name the companies. The group is looking to sell its entire 50.75% stake in STX OSV, held by STX Europe, which is in turn wholly controlled by two affiliates of STX Group--STX Offshore & Shipbuilding Co. (067250.SE) and STX Engine Co. (077970.SE), a company official told Dow Jones Newswires by telephone on Tuesday.
If Keppel bought into STXOSV then a re rating will be done by then $1.42 will become $2.00 matter of time since buying then STXOSV is a proxy of Keppel
stockmarketmind ( Date: 12-Jan-2012 00:50) Posted:
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0150 GMT [Dow Jones] STX OSV (MS7.SG) is +1.8% at S$1.42, extending Tuesday's 6.9% advance, after STX Group said Tuesday it's inviting 18 companies to consider acquiring its controlling 50.75% stake. But traders may want to rein in expectations. Few buyers have the firepower for an offer, says DMG & Partners in a note. It estimates a S$832 million price for the stake, based on Tuesday's S$1.39 close. Another S$328 million is likely needed for Och-Ziff's 20% stake, if it cashes out, as a mandatory general offer would be triggered, DMG says, estimating the total price may exceed S$1.65 billion. While Keppel (BN4.SG) and SembMarine (S51.SG) are able to bid, DMG expects they are unlikely to start an aggressive bidding war. It rates STX OSV Neutral with a S$1.20 target. KepCorp told Dow Jones it is awaiting more information, while SembMarine said it isn't currently making a bid. Orderbook quotes suggest shares likely won't top the S$1.43 intraday high, the highest since August, while DMG views a S$1.33 floor for any negotiations. (leslie.shaffer@dowjones.com)
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SINGAPORE (Dow Jones)--Sembcorp Marine Ltd. (S51.SG) said Wednesday that it isn't currently making a bid for a stake in STX OSV Holdings Ltd. (MS7.SG), the Singapore-listed unit of South Korea's STX Group.
" Sembcorp Marine evaluates investment opportunities from time to time and will make the necessary announcements when appropriate," the Singapore-based company said in a filing to Singapore Exchange, in response to media reports that it may be considering a bid.
STX Group, South Korea's shipping-to-shipbuilding conglomerate, said on Tuesday that it is inviting 18 domestic and foreign companies to consider acquiring a controlling stake in STX OSV. It didn't name the companies.
The group is looking to sell its entire 50.75% stake in STX OSV, held by STX Europe, which is in turn wholly controlled by two affiliates of STX Group--STX Offshore & Shipbuilding Co. (067250.SE) and STX Engine Co. (077970.SE), a company official told Dow Jones Newswires by telephone on Tuesday.
I wonder if KepCorp is still interested in bidding..Activity seem to slow down a bit now..
Sembmarine released news not buying STX
STX still flying.
Going for the gap at 1.43 now
jamesng ( Date: 15-Jan-2012 15:18) Posted:
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Sembcorp Marine, the world’s second largest rig-builder, is considering buying the 50.75% stake in Singapore-listed vessel builder STX OSV Holdings but has not yet taken a final decision, a source close to the deal told Reuters.
“We are doing some review on this,” the source told Reuters on Tuesday. The company was not immediately available to comment.
The stake is worth around US$603 million ($775 million), according to Reuters data.
Earlier on Tuesday, South Korea’s STX Group said it had chosen JP Morgan and Standard Chartered to manage the sale of stake in STX OSV Holdings amid ongoing fundraising efforts.
Online news outlet MoneyToday reported that Keppel and Sembcorp Marine were strong candidates to buy the stake.
STX picks JP Morgan, StanChart for $603 mln STX OSV stake sale
SEOUL, Jan 17 (Reuters) - South Korea's STX Group said on Tuesday it had chosen JP Morgan
The stake is worth around $603 million, according to Reuters data.
A company official said STX sent memorandums on the sale to about 18 potential investors but declined to give further details.
SEOUL, Jan 17 (Reuters) - South Korea's STX Group said on Tuesday it had chosen JP Morgan
The stake is worth around $603 million, according to Reuters data.
A company official said STX sent memorandums on the sale to about 18 potential investors but declined to give further details.
I think at current price YZJ and cosco has better value than stx osv....major shareholder is looking at divesting it entire stake which it depend on what price they are diposing.....at this time, the price willbe bad...
if you got profit, just have a trailing stop to protect your profit,
No one know how high, but if you have enter correctly and sitting on money,
why worry? your only worry is less profit,
but if you are greedy, soon your profit will be turn to losses.
these downgrade have been on the card, mkt know it too.
i think it is px in. look at how dow react last fri.
The worse thing that can happen is Greece defaulted and leave Euro,
this will be the real cause of mkt crash big time.
but i dont think it will happen so soon, maybe another few quarter. , toward end of 2012
another thing will be shock report of US in recession come end 1Q.
let see ow market react to the downgrade of some euro countries tomorrow and if recent rally is just fund manager selling position in dec and start buying at start of the start
Fri the vol is not high. Look for stxosv to go lower and if it breaks 1.265 .
stockmarketmind ( Date: 12-Jan-2012 00:50) Posted:
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On Friday, STX OSV re-tests the resistance at $1.33 and closed at $1.305 with regular volume of 5.98 million shares traded.
A bullish harami occurred (where the current small white body is contained within an unusually large black body). During an uptrend, the bullish harami pattern is bearish as the bears appear to be gaining strength as the bulls weaken.
Both RSI & MACD are bullish as RSI trend upwards.
Important Resistance of STX OSV: $1.33
Immediate Support of STX OSV: $1.255
Currently prices are supported by 200 days MA at $1.255
For the past 3 sessions, prices have been ................ READ MORE
You sure?
starlene ( Date: 11-Jan-2012 23:13) Posted:
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$1.33 touched liao hope that is the base....STXOSV to soar to new high again.
http://www.remisiers.org/cms_images/research/Jan09-Jan13_2012/STX_OSV_-_11012012_-_AMF.pdf
starlene ( Date: 10-Jan-2012 16:00) Posted:
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Good news and good dividend coming for this counter.
http://www.remisiers.org/cms_images/research/Jan09-Jan13_2012/STX_OSV_-_11012012_-_AMF.pdf
By the time they declare dividend FYE 2011..STXOSV will cross $1.33 the price major share holders bought last year from existing STXOSV Europe...with so many contracts on hand I think worth tro just keep this stock in yr cpf
starlene ( Date: 05-Jan-2012 22:19) Posted:
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congrats! I think so too!
susan66 ( Date: 10-Jan-2012 09:53) Posted:
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Time to havest some ripe papaya. Too long will invite insects. Good luck.
susan66 ( Date: 10-Jan-2012 09:53) Posted:
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Yes, finally break, $1.25 liao, should have more upside. Luckily hold on till now, needs patience. 
New123 ( Date: 08-Jan-2012 23:16) Posted:
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