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sunyusun LV4
发表于 26-10-2009 19:33:41
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0418 GMT [Dow Jones] STOCK CALL: CIMB raises Swiber (AK3.SG) target price to S$1.95 from S$1.61, still based on 12X P/E, after rolling over valuation to end-FY10. Keeps Outperform call. Says stock has room to head higher, given potential pickup in orderbook. Expects engineering contractor for offshore oil & gas industry to clinch US$600 million worth of contracts from Petrobras, ONGC India in coming months, involving provision of so-called flexible flowlines, subsea pipelines. Keeps Outperform call; "with a potential acceleration in its order wins, we believe that it could trade up to 12X, in line with its 3-year trading band." Stock +2.2% at S$0.945. (FKH) |
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