SembMarine

SembMarine: +2.7% at $4.87 as rig builder's above-view 3Q10 results fuel hopes performance in coming qtrs will be just as robust. Daiwa, which has Outperform call with $5.75 target, tips 2 major non-Petrobras contracts in 4Q10. Excluding write-back, net profit +68% at S$243.0m vs $180.0m. Orderbook quotes suggest minimal upside beyond morning high of $4.90.