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Swiber
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tchekchuan
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10-Mar-2011 14:34
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sorry , would like to clarifify... though it is a peanut contract for oil and gas, this is one counter which has raised from the grave... it is a good start. hope to hit above $1 mark!
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ozone2002
Supreme |
10-Mar-2011 14:28
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825 break out.. |
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tchekchuan
Member |
10-Mar-2011 14:05
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34million is a peanut contract | ||||
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fwerty
Member |
10-Mar-2011 13:22
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SWIBER SECURES US$34 MILLION CONTRACT FOR TRANSPORTATION, INSTALLATION, AND SUBSEA WORKS “This marks the beginning of our contracts award season for 2011. We expect the demand for offshore EPCIC work to be high and we are anticipating more contracts to be awarded in the market...." A small contract win for a start..! Hoping for more contracts to come... Visit my blog at www.potstocks.blogspot.com ! |
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edwinteo
Senior |
08-Mar-2011 13:53
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Haiz.....i still have ausgroup and falcon...all don't move..damn sianz...
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Peg_li
Master |
08-Mar-2011 09:25
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All the stocks oil related except swiber soar. Why swiber still don't move at all? swiber is really lousy and facking one. need ask the sheet management what happened to the company. sheet management and sheet company! |
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sharez
Member |
08-Mar-2011 07:27
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hmm...
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Jackpot2010
Master |
05-Mar-2011 10:47
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DBSV (3 Mar): Order flow woes • Lack of major order wins since mid-2010 has led us to cut FY11/12F earnings by 35%/44%.• FY10 results in line with recurring PATMI of S$31m.• Downgrade to HOLD, TP lowered to S$0.83.Order flow woes. Swiber’s FY10 order wins of only c.US$435m was significantly below our US$800m assumption on delays in contract awards. This has led to a reversal in orderbook momentum, with a backlog of US$680m as of March 2011, down 15% vs. US$800m a quarter ago. Notwithstanding Swiber’s sustained efforts in bidding for work, with around US$1.5-3bn under tender, we have lowered our FY11 order wins assumption to US$450m from US$800m. No change to FY12 order wins assumption of US$600m.Downgrade to HOLD, TP cut to S$0.83. Swiber’s TP is reduced to S$0.83 (from S$1.28) on lowered FY11F earnings, pegged to 10x PE on fully diluted recurring FY11F EPS. While we like Swiber given its leverage towards a projected increase in offshore E& P capex spending, its steady progression up the value chain and improved project execution, a more moderate earnings growth profile is expected given the dearth in new orders since mid-2010. As such, we downgrade Swiber to HOLD, with limited upside to our TP. |
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FearValueGreed
Master |
03-Mar-2011 23:28
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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This one really headache, stocks dun move though fundamental is sound. Maybe it is waiting for some big boys to take over it before price can surge. The opportunity cost is too high for me now to wait and let it grow. Decide to throw if it goes above 90cents. Invest in other counters , certainly not the sinking S chips for the moments |
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ozone2002
Supreme |
03-Mar-2011 10:55
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82 and top volume.. gd luck
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bishan22
Elite |
03-Mar-2011 10:04
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Top volume today. Not bad di. 
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poboxfor
Member |
03-Mar-2011 10:04
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hmm.. maybe you are right..
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fwerty
Member |
03-Mar-2011 02:22
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I think it's not bad. Visit my blog at http://www.potstocks.blogspot.com/ for my analysis on Swiber. |
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edwinteo
Senior |
03-Mar-2011 01:10
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no divident again.... :( Think new contract is coming in... |
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krisluke
Supreme |
02-Mar-2011 21:01
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Swiber Holdings: Gross profit margins remain healthy Summary: Swiber Holdings (Swiber) reported a 56.7% YoY rise in revenue to US$155.9m and turned in net profit of US$8.5m in 4Q10 (vs. net loss of US$6.5m in 4Q09). Full year revenue of US$469.7m was in line with expectations but net profit of US$37.3m was slightly below, forming 93% of our full year estimate. Stripping out one- off items such as gains on disposal of assets and fair value losses on financial liabilities, we estimate core net profit of about US$30m in FY10, compared to our forecast of US$34.6m. It is encouraging to see healthy gross profit margin of 22.4% in 4Q10, compared to only 0.2% in 4Q09 we note that gross profit margin has stayed above 21% for all quarters in this year. As of Mar 2011, Swiber has an order book of about US$680m which is expected to contribute to results over the next two years. Pending an analyst briefing later in the afternoon, we maintain our BUY rating but put our fair value estimate of S$1.33 under review. (Low Pei Han) iocbc |
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krisluke
Supreme |
02-Mar-2011 20:33
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i believe most of the losses come from FOREX investment, USD DIVE, AUS SPIKE | ||||
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krisluke
Supreme |
02-Mar-2011 20:31
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Swiber: Reported a good set of 4Q10 and FY10 Results which were in-line, with 4Q10 Rev at US$155.9m, +56.7%YoY, while Net Profit at US$8.5m, vs a Net Loss of US$6.5mYoY. Result brings FY10 Rev to US$469.7, +19.4%YoY and Net Profit at US$37.3m, +7.4%YoY. Gross Margins also expanded YoY with FY10 Margins at 21.9% vs 14.3% in FY09….. Going forward, grp remains confident on prospects, tipping main operations in South East Asia and South Asia to benefit from increased activities of oil companies attracted by the region’s relative political stability and growing domestic demand… Houses are currently reviewing FY11-12 EPS forecasts and TP pending an update with management in the post results briefing later today. We note that at current price, valuation appears fair, with grp trading at 10.9x FY10 P/E, vs peers average of 12x and historical average of 11x. |
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rabbitfoot
Veteran |
02-Mar-2011 20:26
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CGX, every 1 cent drop, 3k gone. My turn now, know what i mean ?
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ozone2002
Supreme |
02-Mar-2011 09:24
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volume as in my font size right :)
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ozone2002
Supreme |
02-Mar-2011 09:11
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still a discount to book value.. P/E ratio still relatively cheap.. it's a steal for value investors.. gd luck.. accumulating more < 80c |
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