Offshore and Marine Sector: Credit Suisse maintains Overweight on sector, maintains top picks on Keppel (TP $12.10) and Sembcorp (TP $5.40). CS notes that offshore drillers 3Q10 results are generally as expected with positive developments on the shallow water market…
There have been comments on strong tendering activity for jackups and likely orders on high-spec new builds after Atwood and Seadrill ordered 2 jack ups each with Sembcorp Marine. Contracts suggests returns could be bumped up to 12.3% over 10.9% on these jackups.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment