DBS Vickers Securities in a Nov 30 research report says: “Mermaid reported headline net profit of Bt714.5 million (-38% y-o-y) on revenue of Bt5.2 billion (-1% y-o-y). An improved performance from the drilling division was offset by weak utilisation on its subsea fleet, leading to a flat y-o-y performance at the EBIT level.
Posts Tagged ‘dbs vickers securities’
PEC rated buy
November 26th, 2009 |
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DBS Vickers Securities in a Nov 26 research report says: “PEC provides engineering, procurement, construction, and maintenance (EPCm) services for oil and gas downstream activities in Singapore, Malaysia, Middle East, Thailand, and Indonesia. PEC delivered a positive surprise in 1Q10 (FYE June), with $80 million new orders.
Ezra Holdings rated buy
November 25th, 2009 |
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DBS Vickers Securities in a Nov 25 research report says: “We revisit our assumptions following the commencement of Ezra’s first FPSO charter contract in October. We raise our FY10 net profit estimate by 8% to US$91 million, after factoring in: (1) fabrication jobs for the second FPSO, (2) on-schedule delivery of first liftboat, and (3) higher blended AHTS day rates upon contract renewal.
Sembcorp Industries rated buy
November 25th, 2009 |
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DBS Vickers Securities in a Nov 23 research report says: “Sembcorp Industries (SCI) announced that its 60%-owned joint venture (JV), Sembcorp Salalah Power & Water Company (SSPW), has won the Salalah Independent Water and Power Project (IWPP) in Oman via an international bidding.
China Fishery Group rated buy
November 20th, 2009 |
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DBS Vickers Securities in a Nov 20 research report says: “We visited the Group’s new 50,000 gross registered tonnage (GRT) factory vessel, the Lafayette, at Qianwan port in Qingdao, China, as it enters the final stages of its US$100 million refurbishment. Management projects an annual revenueof US$210 million and a potential net profit of US$60-$70 million. This equates to about 60-70% of CFG’s FY2009F net profit.
Starhill Global Reit rated hold
November 19th, 2009 |
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DBS Vickers Securities in a Nov 18 research report says: “Starhill Global REIT (SGREIT) has finally announced the deployment of its war-chest: (i) acquisition of David Jones Building (DJB) in Perth for $148 million; and (ii) signing of heads of agreements to purchase Lot 10 and Starhill Gallery for $423.3 million from Starhill REIT.
Palm oil may rise more than forecast next year, DBSVickers says
October 5th, 2009 |
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Palm oil may be higher next year than previously forecast as stockpiles decline and the dollar weakens, lifting demand, Ben Santoso, a plantation analyst at DBS Vickers Securities (Singapore) Pte., said in a report.
Prices of the world’s cheapest edible oil may average 2,380 ringgit ($971) a ton, compared with a previous estimate of 2,300 ringgit, “in anticipation of tighter edible oils inventory and to impute changes to our macro-economic assumptions, including a weaker dollar and higher crude oil prices,” Santoso said in the report emailed today.
The commodity has averaged 2,195 ringgit this year on the Malaysian Derivatives Exchange.
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