Singapore Stock Market News
Oil & Gas - Equipment and Services
StockFanatic
Publish date: Fri, 01 Feb 2013, 09:30 AM
StockFanatic
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
Saipem spA issued a profit warning last night - may cause knee jerk reactions to OSV stocks
Singapore offshore oil-service stocks could succumb to near-term
weakness from Saipem's profit warning last night. However, we
believe it is too pessimistic to assume similar fates for companies with
different compositions and geographical focuses.
Maintain Overweight on the sector
with catalysts still expected from
order wins and better earnings. No
change to our stock ratings, EPS or
target prices for Ezra and Swiber.
Catalysts for Ezra could include a
stronger-than-expected margin
recovery for its offshore division and
an earnings recovery in 2H13.
Swiber's successful execution of
projects in India and South-East Asia
could also catalyse its stock.
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