Singapore Stock Market News
Swissco Holdings - Diversifying its portfolio
StockFanatic
Publish date: Wed, 12 Nov 2014, 11:55 AM
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.
We view Swissco's latest accommodation rig deal as a better one, with a higher day rate of about US$45k/day and pay-back of capex during the first tranche of contract. Swissco and its 50% stake JV, Union Offshore, have clinched a 5+2 year service rig contract worth US$115m in Asia Pacific. It could also alleviate some fears over the single-customer risk of Pemex as the company starts to diversify its exposure beyond Mexico. We keep our EPS forecasts intact as the contract falls within our expectations for FY15 contribution.
We keep our Add call and target price, still based on 9x CY16 P/E in view of the superior growth. An accelerated contract momentum could provide a key catalyst.
Read more » More articles on Singapore Stock Market News
Market Commentary: Record highs on trade, vaccine developments
Created by StockFanatic | Aug 26, 2020
Market Commentary: Record highs on trade, vaccine developments
Created by StockFanatic | Aug 26, 2020
Market Commentary: Data help US market end week on a high note
Created by StockFanatic | Aug 24, 2020
Market Commentary: Data help US market end week on a high note
Created by StockFanatic | Aug 24, 2020
Market Commentary: And they are back, with S&P within inches of record high close
Created by StockFanatic | Aug 13, 2020
Market Commentary: And they are back, with S&P within inches of record high close
Created by StockFanatic | Aug 13, 2020
Market Commentary: US negotiations over stimulus continue amid diplomatic tensions
Created by StockFanatic | Aug 11, 2020
Market Commentary: US negotiations over stimulus continue amid diplomatic tensions
Created by StockFanatic | Aug 11, 2020
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
New Update. Discover investment communities that resonate with your ideas
Trade Confidently & Analyze Charts Conveniently - Download VCPlus IOS & Android App Now!
Latest Videos
Apps
Top Articles
1
RHB Investment Research Reports
2
RHB Investment Research Reports
ST Engineering - Rolling Forward Our Valuation; Reiterate BUY
3
SGX Market Dialogues
Kopi-C With GuocoLand’s Group CEO: ‘We Have Twin Engines for Growth’
4
CEO Morning Brief
Singapore Home Sales Set for Worst Year Since Financial Crisis
5
CEO Morning Brief
DBS Posts 300% Growth in Semi-liquid Fund Sales in Greater China
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
