Tuesday, September 14, 2010

Kreuz Holdings (follow up)

Kreuz Holdings (follow up): +11.1% at $0.45 in active trade, likely drawing strength from current interest in parent Swiber Holdings, last +3.9% at $1.06. As latter tipped by analysts to clinch new contracts in near term, sentiment likely rubbing off on sub-sea services provider, Kreuz as it counts parent as main customer. Kreuz one of better performers among new Singapore listings this year, +50% to date from $0.27 IPO price, despite thin newsflow on company.

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