Post Reply
4541-4560 of 31189
omg.... sar.... 6%+!! O_O
Gaecia ( Date: 18-May-2011 15:44) Posted:
|
It can just be today?
Straits Asia & Noble up mostly due to coal news.
Gaecia ( Date: 18-May-2011 14:34) Posted:
|
can any sifu here advise on cosco and kepland? kepland has been coming down so much since the perk 4.4-4.5 and also as well as cosco
btw.. can see tat ppl are buying semb marine at 5.3..
of course the selling is still coming too....
rotijai ( Date: 18-May-2011 15:16) Posted:
|
may be because of this ?
| Singapore Offshore & Marine |
| What happened? In its recent 1Q11 results, Noble Offshore mentioned that Petrobras has informed them that the bids for the remaining 21 newbuild rigs have been cancelled, leading them to believe that Petrobras will tender for needed units in the market place as opposed building in Brazil. What we think: We find it strange that Noble Offshore, who did not participate in the bid, was informed about the news whereas SembMarine and Keppel Corp who are tendering for the 21 rigs were not informed. We mentioned in our 1Q11 results note on SembMarine that we are likely to hear about some progress soon as the time extension for equipment costs from vendors are valid only until end-May. We think that not all of the 21 rigs will be cancelled given the recent restructuring in Petrobras and Sete Brasil. We believe that Petrobras' intention to build rigs in Brazil remains unchanged, but the key obstacle facing it is the high associated costs. Below, we list a few possible scenarios that could come out of the Petrobras bids: - All of the 21 rigs are cancelled (we think this is the most unlikely scenario) - Reduce the number of rigs to lesser than 21 units - Partial relief of local content requirements to allow some work to be executed/carried out overseas to be cost effective. Near-term sentiments of the Offshore & Marine sector would be affected if the orders are indeed cancelled. However, given that the demand for new deepwater rigs in Brazilian oil fields remains intact, we believe that more rigs will be tendered in the international market in the even of a cancellation. This will still benefit Singapore yards. What you should do? Stay invested our top buys in the sector are SembMarine (OUTPERFORM, TP S$6.80) and Sembcorp Industries (OUTPERFORM, TP S$7.05). Unexercised options should continue to provide positive newsflow in the market. Recent weakness in SembMarine's share price provides buying opportunities as orders are in the pipeline (production platform from SMOE and some jack-ups). |
oil started going up today....the dollar started to take small dips since Mon US trade that's why i thought of getting smarine. Thing is, this broad market has not made up its mind to go up or down.
rotijai ( Date: 18-May-2011 15:06) Posted:
|
s scandal in europe may end.....
positive note can be back..... but europe will begin their big summer holidays...
so be careful....
maybe wear short short for hot summer is an option, what say you ?
i think oil will resume uptrend.. but just dunno when will start to rally
eplepl ( Date: 18-May-2011 15:04) Posted:
|
maybe oil price to not going up anymore....
Gaecia ( Date: 18-May-2011 14:48) Posted:
|
may be sar is very bullish today... the two sembs are very weird lately.. even keppel is very weird too
Gaecia ( Date: 18-May-2011 14:48) Posted:
|
i dunno lah, won't touch it with a five foot pole yet. Yesterday China coal miner stocks rallied quite abit, some by up to 10% i read from bloomberg.
Btw this morning i bought s-marine 5.33 and took 1 cent loss to bail when it came back down from .35 & stagnanted at 5.31-.32 for hours with 1 lot transactions thrown up and down. It really is getting weirder by the day...
rotijai ( Date: 18-May-2011 14:39) Posted:
|
er.. there has been 2k+ selling queues at $3 for weeks ?
hm..
Gaecia ( Date: 18-May-2011 14:34) Posted:
|
Does it have to be today to break $3? It has alreadi sprinted alot.
rotijai ( Date: 18-May-2011 14:29) Posted:
|
breaking $3 ?
there's a 2.6k selling queues at $3 ?
is tat possible?
Gaecia ( Date: 18-May-2011 14:27) Posted:
|
zzzz. Straits Asia has indeed gone amok. stochastics strong uptick, breaking $3 and higher should be expected.
juicy, u huating or not?
Huh, still have steam? You've got to be kidding man... that 800k wall is like those bb support i'd seen @ 5.00 and 5.06 same in magnitude the various times i went s on wilmar. Anyway i shorted @5.50, God bless me.
Leinadgnow ( Date: 18-May-2011 13:52) Posted:
|
yea it broke 5.5.. i was surprised to see tat..
but then a lot of ppl selling into strength at 5.5-5.49.. which isnt a good sign
not sure about whether it will come down " abit" to push up agan
Leinadgnow ( Date: 18-May-2011 13:52) Posted:
|
lol ... yea.. but i see it breaking the 5.5 mark.. just has to come down abit to get momentum to push again :D
agree with u tat the resistance at 5.5 is really very strong..
Leinadgnow ( Date: 18-May-2011 13:44) Posted:
|
Anyone bought wilmar with me??? if you did, i think it's time to set your trailing stop to take profits.. not sustainable for the uptick.. need to come down slightly .. get out or buy on slight dip again.. overall trend still up though ..
Noble.. i really think it's going down.. sorry ..shorted it together with alex.. but there's not much downside to it.. slightly above 2 for my tp price...
genting sp ... haven't check my charts yet.. will get back to you peeps shortly... working on a new backtest system for my website and forum :D