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Swiber
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des_khor
Supreme |
09-Nov-2010 12:13
Yells: "Tell me who is the God or MFT from this forum??" |
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My MFT friend said today confirm Swiber will move higher... he said so sorry as yesterday he said wrongly as suppose is Kreuz .... the son..... | ||||
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ozone2002
Supreme |
09-Nov-2010 11:55
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bought more @ 1.06 from those contra forced sell saw a DBS vickers report..CHIONG AH!!!! Swiber Holdings, Buy S$1.08 , Bloomberg: SWIB SP Earnings recovery intact Price Target : 12-Month S$ 1.28 (Prev S$ 1.42) By: Jeremy THIA +65 6398 7974 · Expect a strong finish to 2010 with seasonal order wins, award of contracts on tender. · Reduce core FY10/11F by 50%/26% on revised recognition schedule; expect qoq improvement in 3Q10. · Maintain BUY; TP revised down to S$1.28. FY10 order wins assumption maintained at US$800m. We believe 4Q10 contract awards could make up the outstanding order wins assumption of US$371m for FY10 on the back of 1) potential awards of at least 4 major contracts worth an estimated US$1.5bn in total; and 2) seasonal order wins for offshore field development projects in Southeast Asia over 4Q10 to 1Q11. FY10/11F cut on revised earnings recognition schedule assumption. Our original earnings projections were too high, premised on shorter project execution periods on smaller projects. In line with YTD contract wins and Swiber’s aim to continue pursuing sizeable projects, we have adjusted the assumed revenue recognition period to better match this, resulting in a 50%/26% reduction in FY10/11 recurring earnings forecasts. Notwithstanding the cut, we project +268% y-o-y growth in FY10 earnings. Sequential improvement in 3Q10 results to signal sustained earnings recovery. We expect Swiber to post a recurring PATMI of US$11.5m for 3Q10 (vs. US$0.9m in 3Q09; US$4.7m in 2Q10) on sales of US$136.4m. This will be largely driven by progressive recognition of its orderbook and positive operating leverage, which will be reflected in improved EBIT margins of 12.3% (+6.3ppt y-o-y; +1.4ppt q-o-q). Maintain BUY. Swiber’s TP is reduced to S$1.28 (prev S$1.42) on lowered FY11 earnings and greater potential dilution with a lower conversion price on its CBs, pegged to 10x diluted recurring FY11 PE. Maintain BUY on strong expected order flows and earnings recovery, with potential upside should it deliver stronger than expected margins. |
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FearValueGreed
Master |
09-Nov-2010 11:07
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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Bo pian, I am benchmark by international indices, have to play catch up. Also the technical charts looks increasing positive for swiber. Massive selling is unlikely. And I trust their independent director who has a lot tricks as he is a commercial guy whom I met personally before. This god damm oil prices hitting the roof, it will be sometime before Swiber hit 80cents and more likely it will go up during these three months as Swiber has a habit of collecting contracts towards year end. so the pros beats the cons at this moment. but once it goes up it should shoot to at least $1.35, You see now all their troops of ships and barge, whatever that can move in sea has been delivered to their doorstep, so if I am the boss, I wll snatch all contracts at all cost in order to maintain cash flow, so contract is a deal done. Profits later, since investor looks at contract , so we buy the news first , sell later when margins goes under. if oil hit to $100, then this will fly but I think $1.50 is the limit unless M&A in play. Maybe they will seek listing at elsewhere. Fully invested. 38 lots . wat ah!!
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zhixuen
Veteran |
09-Nov-2010 10:42
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Hardly gain easily drop. OMG!! result closer a bit worry right now. |
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des_khor
Supreme |
08-Nov-2010 16:28
Yells: "Tell me who is the God or MFT from this forum??" |
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haha.. I already ask shim to go home eat shimself liao... | ||||
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ozone2002
Supreme |
08-Nov-2010 15:59
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take note..
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tchekchuan
Member |
08-Nov-2010 14:29
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ya lor, dont trust des_khor friend. he bullsh*t one. already afternoon, no action taken... | ||||
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Bluevaio
Senior |
08-Nov-2010 12:59
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Not again...dun trust ur friend. | ||||
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des_khor
Supreme |
08-Nov-2010 12:07
Yells: "Tell me who is the God or MFT from this forum??" |
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My MFT friend said this one will be in action in the afternoon....I trust him 50.1 % only... | ||||
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noonelikeme
Senior |
08-Nov-2010 11:37
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when kreuz is moving , swiber is sleeping when kreuz is sleeping , swiber is booming |
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zhixuen
Veteran |
08-Nov-2010 11:21
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If no big buy up on these few days then don't expect the result will be good.
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zhixuen
Veteran |
08-Nov-2010 10:23
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KreuZ flying Swiber overslept. | ||||
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tchekchuan
Member |
08-Nov-2010 09:26
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Sigh, crude oil already hit $87, why this share just refused to hit way up? GO GO GO swiber... |
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ah_seng1001
Senior |
07-Nov-2010 09:48
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Wah..! First time i see u say buy !! Thought u might wait for this stock like 0.80 or below?
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FearValueGreed
Master |
07-Nov-2010 00:55
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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yes a breakout is imminent. buy is never wrong, just dun short |
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ah_seng1001
Senior |
06-Nov-2010 19:56
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Go Swiber go go go!! This stock is still a laggard despite markets moving up! Its time for the show | ||||
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ozone2002
Supreme |
06-Nov-2010 11:01
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zhixuen
Veteran |
05-Nov-2010 16:18
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Effects of Foreign Exchange Rate Changes will affect Swiber Q3 result? |
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ozone2002
Supreme |
05-Nov-2010 12:04
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ozone2002
Supreme |
05-Nov-2010 11:35
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lovely.. should break 1.09 resistance and move beyond 1.1... :)
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