STX OSV

STX OSV: Goldman Sachs note that STX OSV (TP $1.55) may be the only genuine bet for 1Q11 earnings season and house remains buyers of Kepcorp (especially on dips) and sellers of Sembcorp Industries (especially on strength). Note that the mkt continues to underestimate STX OSV’s margins and so are buyers of the stock, especially ahead of 1Q11 results season.