Singapore Stock Market News

Offshore & Marine - Switching picks

StockFanatic
Publish date: Mon, 29 Apr 2013, 06:26 PM
StockFanatic
0 10,452
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.
While an order-book decline could cap Keppel Corp's share price, a 9% potential increase in order book by end-2013 and order newsflow could catalyse Sembmarine's. We replace KEP with SMM as our top pick in the big-cap O&M segment.

SMM has underperformed the index by 11% YTD vs. KEP's -4%. It is contending with Daewoo Shipbuilding for three CJ-70 harsh-environment jack-up rigs from Noble and Maersk, worth US$600m each. KEP is not in the running for these as it prefers to focus on standard jack-up rigs. Maintain Overweight with sector catalysts expected from order wins.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment