Tiong Woon

Tiong Woon: +7.0% at $0.305, after trading up as much as 10.5%, in high volume amid a series of large trades. The oil services provider and O&G offshore-platform builder may merely be the latest small-cap O&M play to see a surge of interest, after its peers' recent rallies; as the company also has a tower-crane business, it could be riding on the recent rally in crane provider Tat Hong amid a buoyant infrastructure-spending and construction outlook. A Tiong Woon representative said the co wasn't aware of a reason for the stock's climb. But players punting on the sector likely should exercise caution. Be watchful of profit taking given recent price gains among the small-medium cap O&M stocks as their upside potential to target price narrows,"warned DBS Vickers in a note.