Swiber: Follow up. +2.6% at $0.805 after securing various contracts worth US$27m. DMG note that YTD 2011 new orders hit US$186m, 53% of house FY11 forecast. House makes no changes to its EPS estimates and $0.85 target, and maintains its Neutral call, remaining lukewarm on stock, as believe earnings will be unexciting this yr due to poor order flow in 2H10. Mar peak of $0.830 may cap in the near term….
We note however that OCBC and CIMB maintain their Buy call on counter with $0.94 and $1.01 TP respectively.
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