click to enlarge
Announcements
Happy New Year ☺
This year, there will be a series of seminars to help everyone better understand the markets.
Market-Juice Seminar Series will be covered over 6 months with 1 session each month.
We will start with "Mindset Tuning – the Optimal Attitude to Stock Market Investments" coming in the first week of Feb
Look out for more details coming soon
Juice
Fund Flows
Hedge funds sit out rally with speculation on stock gains close to ’09 low. Rallying stocks have done little to entice professional money managers back to U.S. equities.
Comment: They probably lost too much last year to be too daring at the start of the year
O&M
Keppel (BN4) AmFELS to Construct and Upgrade Deepwater Semisubmersible for Diamond Offshore for US$150 million
Comment: This brings Keppel's orderbook to S$10.9b. Orderbook is stronger but price may be on the high side now
Ezra's (5DN) subsea construction division EMAS AMC wins about 450 million krone (S$97million) Statoil contracts in the North Sea on the Norwegian Continental Shelf. The deals are worth up to 600 million krone if options to expand the work to more floating platforms are exercised.
Comment: Note that Ezra is closing on its US$1b target orderbook. Which is a good thing
Sources: Bloomberg, Reuters, WSJ, The Business Times, Analyst Reports, Company Announcements
No comments:
Post a Comment