JES: May rise as China-based shipbuilder lands more contracts to produce bulk carriers. Total of 6 vessels will be built for customers in South Korea, India, Liberia, with deliveries due in 2012. Value of contracts not revealed, in line with company's practice, but new orders show demand remains strong, coming just 2 months after JES clinched orders for 8 bulk carriers, total of 10 with options for more secured over May-July…
Latest orderbook may have exceeded US$1b as amount at end-Sept was US$900m, providing clear earnings visibility for next 2 years. Near-term resistance at $0.365 Nov high.
No comments:
Post a Comment